Post
Topic
Board Altcoin Discussion
Re: Why difference in Transaction fees
by
Paycoinzzz
on 15/12/2020, 16:55:36 UTC
As a newbie into cryptocurrency world, I understand up to a certain extent the reason for high or low transaction (gas) fees on mostly used blockchain network which is ethereum.
But a thing I find funny is doing a transaction almost at the same time on both tron link wallet and Klever wallet, a gas fee of just 1 tron was charged on tron link while Klever charged about 13 trx for the same amount of transfer at almost the same time. What can possibly be the reason for that?
Transaction fees on the ERC-20 platform were triggered a few months ago as Defi got hotter and hotter.  So the fee increase isn't due to the poor processing speed of the ERC-20 platform, it's just that they have to deal with tens of millions of transactions per day.
Tron's platform is cheap because they do not have to serve too many transactions during the day, so the dispute between the nodes has not happened yet.

Due to the above difference, we should hold the coin at TRC-20 and should only use ERC-20 when you need to invest in current hot Defi projects.  So kindly be patient and wait for Ethereum 2.0 to officially launch, I believe that fee will be reduced back to normal.