Post
Topic
Board Altcoin Discussion
Re: ETH high fees so sad
by
Congyang
on 20/12/2020, 15:58:12 UTC
Ethereum's high transaction cost issue has been around since bullrun 2017 & ETHKitties event, but the community still loves Ethereum, DeFi projects in 2020 also choose Ethereum over other platforms with lower transaction costs. The reason is that Ethereum has a huge community of supporters and the Ethereum development team is working very effectively.
Going back to the problem that you set up: SOLUTION FOR ETH HIGH FEES. I think we have several solutions:
+ Wait for the development of ETH2.0 in 2021. If ETH2.0's scalability reaches 1K tps, we will see transaction costs go down;
+ A few projects use other platforms to relieve pressure on the Ethereum network. I think Cardano & Polkadot are the best options.
It's just a matter of time and situation, ethereum fees will definitely go down, believe me. This is also due to certain factors such as a soaring deFI which causes fees to rise. and this incident will not last long because it will definitely end soon and fees will drop at a later date