Post
Topic
Board Altcoin Discussion
Re: Reasons to use ETH
by
no-ice-please
on 19/07/2021, 18:45:30 UTC
Eth when viewed from the number of tokens that adopt it is very promising because it is still trusted and many still have it, unfortunately the high transaction fees are an obstacle for ETH, the large queues in the transaction make the fees more expensive, besides that there is no significant problem for ETH.
Well current gas fee was really low comparing to 1-2 months before and on upcoming London Fork on August 4 on block height 12,965,000 there will be significant change and improvement on the chain, One of them is EIP-1559 where it will be reduces the gas fee and the others thing too, Let's just wait until it happens.

It was quite low although at times it goes, but if you want Ethereum work at a very large scale with a huge number of applications, the fees need to be very low 24/7. A lot of applications are designed to work all around the world and you can't just be forced to wait for 6 hours because otherwise you operate an application or a business at a deficit because you charge micro amounts with too high fees. That needs to be improved.