Quote from: Psynthax on August 17, 2021, 02:49:13 AM

Quote from: Koro-Sensei on August 17, 2021, 01:18:24 AM

Ethereum's network is really going strong right now specially that EIP 1559 was fully operational. There are various reason with this adoption and the best one is the burning functionality to the fees generated.

I also think that the burning of ETH is what make the price of ETH going so high and the market going strong today, the market has been having pump for few times already but the price of gas is also staying high although the promise was after the upgrade the price of gas for eth will be solved I expecting the price for gas to be the same as Binance Smart Chain but right now its even become higher than before after the price increase, i think many people still prefer to use Binance Smart Chain today.

I don’t think that it is possible for Ethereum to have fees similar to Binance Smart Chain while it is working on Proof-Of-Work. Actually, I strongly believe that transaction fees will be lower when it is switched to Proof-Of-Stake. But I don’t think that Ethereum is likely to be as cheap as Binance or Polygon one day. Personally I prefer using BSC in any case. Moreover, there is a big ecosystem as well.