Quote from: Rafiqul on Today at 05:27:44 PM

Quote from: foxy on September 02, 2020, 10:23:47 AM

Quote from: Get-Paid.com on September 02, 2020, 06:13:02 AM

The fees to send ETH are minimum $5 in fees ... is it going to change back to "normal"?
Who dictates how much fees are charged?

If ETH is claimed to be decentralized where are those high fees coming from if not from a centralized party?!

I just had to pay around $48 to transfer $8 worth of ETH. The developer team really need to do something about it because it's getting out of hand now. I just hope they will release some update before the launch of ETH 2.0

You had to pay about $48 to transfer ETHs $8 value; This is very sad. It is not possible for small investors like me to afford to trade small amounts. We had hoped that the launch of ETH 2.0 would result in lower gas fees but this is not happening. In my opinion this high fee of ETH should be reduced immediately in the interest of cryptocurrency whether for the Defi project or for some other reason.

The Ethereum team has been constantly postponing the Ethereum 2.0 update, but they have set certain deadlines for January 2021, although Vitalik Buterin said this event could happen much faster. In addition, the problem of high commissions can be unambiguously solved only by scalability, which will improve after the upgrade.