Post
Topic
Board Altcoin Discussion
Re: Is Ethereum going to Die?
by
Ozero
on 15/08/2021, 14:27:26 UTC
I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.
Ethereum's problem as of last October was high transaction fees and little scalability. It should be borne in mind that this coin appeared in 2015, when there were not yet so many participants in this market and these indicators were quite suitable at that time. Now problems have appeared due to overload in the operation of this network, which indicates not that this network is dying, but quite the opposite, that it is too much in demand.
The ethereum network has now been fully renewed for almost a year. I think we'll be patient for a while, but then ethereum will show its best side.