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?
Have you ever paid for those fees? I used to pay close to $200 for a transaction against the Ethereum network, however I am not uncomfortable with that money because of the profitable nature of that transaction to allow me to accept payment of such fees. And why is it high? Just to think about it, given its huge user demand that has led to its problems, the current situation is getting better when I see gas costs falling and failing very well for people regularly use Ethereum.