Post
Topic
Board Altcoin Discussion
Re: Ethereum and additional gas fees
by
Fredomago
on 15/10/2021, 07:50:58 UTC
Since transaction fees that are too expensive make me always switch to low-cost coins for transactions like Cardano or XRP, I think ethereum should immediately lower transaction fees so that other users don't leave it.
it seems that for new projects, the effects of the high costs are already visible, because most of the new projects have left erc20 because of the high cost problem. because every project is completed, payment with erc20 will certainly take up a large fee. that's why now many projects are starting to switch to not using erc20 and looking like bsc, trx etc.

Likewise, as you said, if possible, of course, we will try our best to find trades with low costs. now everyone is trying like you, to make innovations. because you don't want what you get will be eroded at high costs. no one would want today to pay a high price, while the cheap ones exist and the speed is also very good and well tested.

The effect is being brought out from new projects; those developers and investors are looking for good alternatives; they are now switching to other chains who offer lesser fees. They wanted to skip this chain due to high fees; more or less BSC is one of those alternatives, and we have seen that now from new projects and also those old ones who are now migrating to BSC.

We, as investors, we all want to find alternatives as we are annoyed, paying huge fees; sometimes, the fees is more higher than the token that we are trying to move.

Funny, but that's reality and that happened, small traders can't afford these kinds of transactions.