Post
Topic
Board Altcoin Discussion
Re: ETHEREUM: THE RAPID FLUCTUATIONS IN GAS FEES
by
Ozero
on 07/11/2021, 22:57:22 UTC
Ethereum is bad for active work on the crypto market now. It costs too much just to transfer money, but when you invest in a defi-project, you need to run at least two-three transactions so it will take more than 100$ in total. I would recommend you to switch to another network and try Polygon or Binance smart chain that have a huge ecosystem like Ethereum has, but at the same time they are very cheap.
Given the current situation, I just don't use the ethereum network right now, unnecessarily. Everything has its time. In May-June next year, this network will switch to the PoS algorithm, the Ethereum 2.0 update will come to an end and, perhaps, in the middle of next year, transactions will become much cheaper.
Now you just need to come to terms with the congestion of the ethereum network and temporarily use others.