Post
Topic
Board Altcoin Discussion
Re: Eth gas fees and investing
by
lixer
on 01/03/2021, 15:00:28 UTC
I am not a technologist, let alone a programmer, just an investor and trader.

What do I need to know about Ethereum's high gas fees? I'm hearing some say that this could sink Ethereum. How exagerrated is that?
Even I cannot say clearly if the problem is going to be solved in the near future or become even more appalling. What I can suggest you is that move to other coins and tokens as per the market need. I remember a time when BTC confirms were very slow and I am talking about years ago, that time I switched to dogecoins because not this many tokens existed back then, now we have a majority of coins to chose from.

The basic reason behind the high transaction fees on the ETH blockchain, I think, is actually because of the massive number of DeFi projects being made and all the tokens that are generated have their own transactions which has choked the blockchain and its taking longer than usual to confirm transactions. I don't see it improving anytime soon either.