What if ether price goes up to more than $2000 dollars.. How will people or new cryptocurrency users be able to cope with the gas fee. As I can see so far, the current gas price has been giving people tough time. I remember when we used to use 2 gwei for gas price.
I don't think the Ethereum network congestion can reduce with time.
My guess and hope is - the price of eth will only get this big after eth2.0 update is out which should solve this fee issue going on right now.
Thus, its not going to be a problem then
yeah, but we are talking about phase 1.5 at least, and that would be in a year, or year and a half, so not that soon
i just hope that competition will stay as of now, and will not cause many issues for ETH, just copying Ethereum solutions to their network, and picking up on that, if we have something disruptive in the mean-time, will be very tough for Ethereum to defend first-mover advantage