Quote from: Rebek on November 03, 2021, 09:50:35 PM

The ETH blockchain is a crazy place to play now. So I initiated a transaction about 6 hours ago, the transaction took 6 hours before it finally got confirmation on the Ethereum blockchain network, I nearly did the cancel/replace option. First and foremost, I did my checks on ethgasstation and etherscan.io/gastracker before initiating the whole transaction and realised the "cheapest" gas fees was 98 Gwei. So to be on the safer side, I decided to use 100 Gwei (~$24) yet look at the stress I've been through all day. ETH blockchain is messed up now. What happened to ETH 2.0?.

Imagine if the transaction had failed after 24 hrs, I would have no choice but to cancel/replace the pending transaction with a higher gas fees. Clearly, with a failed transaction, ~ $60 worth of ETH would just go waste🗑

although the transaction fees using the ethereum platform are very high, it doesn't make the price of ethereum go down. but few new altcoins are using the ethereum platform due to high transaction fees. and if you want to speed up then you have to increase the cost of the gas needed. if you take the lowest gas then you have to wait a long time for it to be confirmed.