Quote from: Abiky on Today at 05:16:11 PM

Quote from: btc-facebook on December 19, 2020, 12:31:46 AM

Now the transaction fee can be more than $3, even though ETH Gas is below 100 but ethereum transaction fees are still expensive, this is because ethereum prices have risen quite high so that gas costs have also become very expensive even though they are lower than last November.

Market conditions and network load will ultimately determine how much you'll pay on the ETH blockchain when sending a transaction or interacting with smart contracts. It's normal to expect fees to become higher according to the ETH blockchain's popularity in the mainstream world. The "De-Fi" hype is what has caused fees to soar all the way to the moon. Luckily, the Ethereum development team have begun the launch of ETH 2.0. It shouldn't be long enough before Ethereum becomes a full-fledged PoS cryptocurrency that will alleviate fee costs within the short term. But for fees to stay low, constant network improvements are necessary. I believe that ETH 2.0 + Sharding + Second-Layer scalability solutions will ultimately solve "high fee" issues. How long this will take to become a reality, will greatly depend on the community itself.

Nonetheless, there are a wide array of smart contract platforms with greater transaction capacity than Ethereum. Blockchain networks like TRON, EOS, Binance Smart Chain, and Zilliqa, have lower fees and blazing-fast transaction speeds. The only downside is that most dApps are built on the ETH blockchain, greatly reducing the aforementioned cryptocurrency's level of adoption in the mainstream world. If developers migrate their dApps from ETH to these Blockchain networks, then people would have a choice to select from one coin to another. Unfortunately, that's not the case as people are forced to use ETH in order to interact with popular "De-Fi" platforms. At least, high fees maintain ETH's level of decentralization. That's what ultimately matters if you want security/reliability/censorship resistance. Just my thoughts Grin

https://sites.google.com/view/logan-lucky/home

The fees will stabilize over time. or at least that is the idea