Post
Topic
Board Altcoin Discussion
Re: Ethereum gas problem to be resolved in July
by
kindbtc
on 24/02/2021, 10:54:46 UTC
Many of us are deservedly outraged by the high gas price that has recently been paid for moving ERC-20 and ethereum tokens. However, the solution to this problem is already approaching. In July, in about four months, as part of the improvements to Ethereum 2.0, it is expected that high gas prices will go away, if not forever, then for a long time.
Ethereum Improvement Proposal (EIP) 1559 is the most anticipated improvement along with increased scalability for the network since the launch of ETH 2.0.
We hope that the staggering popularity of Ethereum will not only recover, but also soar to an unprecedented level.
Link:
https://beincrypto.com/ethereum-developers-eye-july-gas-saving-eip-1559-launch/
We are in 2nd month of this year and july is the 7th so still it is 4 to 5 months away but atleast this news has given support and relief to longterm holders of eth as the network is under stress and critic because of high gas fee but the news of end of all this in july is a really positive thing.