Post
Topic
Board Altcoin Discussion
Re: Why is the gas price so high on Ethereum?
by
NewRanger
on 25/04/2021, 22:50:02 UTC
Wasnt ETH supposed to provide us with a faster and cheaper alternative than traditional banking?
In general, banking provides convenience to customers in terms of transactions and this only applies in everyday life.
Whereas ETH running in the Crypto space has experienced rapid development, it is clear that it will experience high gas costs which is also influenced by the very high price.
ethreum price not be main problem for it. since uniswap booming we see gas fee skyrocketing too, ethereum core developer must aware with this situation and need to upgrade as soon as possible they can. even ethereum gas fee more expensive than bank services fee, for example to swap worth of $200 token , it need gas more than $100.