Ethereum Scaling Sees Progress While Fees Continue to Rise.
​Late last month, Bitconnect reported that Ethereum was beginning to experience scaling issues. Previously, Ethereum co-founder Vitalik Buterin stated that bitcoin’s 5-cent fee was absurd. Yet, the average fee of Ethereum transactions surpassed the $1 mark in the past few weeks.
Developers of decentralized applications launched on top of the Ethereum protocol such as Ethlance also expressed their concerns over the increasing fees of processing smart contracts. In the Ethereum network, users are required to pay fees called gas in order to set up smart contracts. More