Why is the Gas price to send ETH so astronomically high nowadays. I've been reading threads here where people are complaining about high gas prices. Why the transaction cost is set so high? Wasnt ETH supposed to provide us with a faster and cheaper alternative than traditional banking?
Actually you are a little late to ask about this because the high gas costs on the Ethereum network have been around for a long time and not only at this time, so I wonder why you are only now waking up to this.