Quote from: StephenJH on September 04, 2020, 11:25:09 PM

Quote from: FontSeli on September 04, 2020, 11:13:44 PM

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?!

As strange as it sounds, the amount of transaction fees is chosen by those who send transactions on the network, i.e. you and I and many other ordinary people. Each of us strives to make sure that his transaction is completed as soon as possible. When miners form blocks, they choose the transactions with the largest Commission amount (the cost of gas) and form blocks from them.

A simple explanation is better than a thousand words, the ETH network works based on hierarchy. Who pays more will get funds faster and the rest will wait until the next mined block clearance happens. The cost of gas has increased a lot and $0.1 worth transactions in 2019 now cost more than $3. ETH2.0 should solve this infinite loop unless the market becomes volatile again.

All the people are waiting for Ethereum 2.0. Are you sure that it will bring reduction in the cost of transaction fees, and faster speed? Personally, I do not hope for this very much, but I try to adjust my trading based on the existing situation.