Post
Topic
Board Altcoin Discussion
Re: ETH 2.0 And High Transaction Fees..
by
Spaffin
on 30/09/2020, 14:04:28 UTC
Indeed, im afraid many crypto projects and ethereum users will using other blockchain because the fee is too high.
I hope in ETH 2.0, the developers think about how they can reduce the network fees, otherwise new users won't join because very high fee.
I really doubt that.
After UNI hype was settled down - fees turned back to ~$1.00 level as it was way back before, I mean the transaction fees.
Exchange fees are still quite big, but its forgivable imo
Vitalik Buterin and other members of the ETH team expressed their opinion on Twitter that we can most likely expect an Ethereum 2.0 update starting from November until the end of 2020. In addition, I believe that you need to fully complete the work, so that you do not have to work on errors after launch, so "postponing" does not mean bad. In addition, if we talk about the price of transactions, then recently I have seen a significant decrease in the cost of commissions, this is especially noticeable when the price dropped from $ 10 to $ 0.40 - $ 0.70.