Post
Topic
Board Altcoin Discussion
Re: ETHEREUM: THE RAPID FLUCTUATIONS IN GAS FEES
by
livingfree
on 17/11/2021, 17:47:21 UTC
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.
Every transaction that happens in the ethereum network, they're all expensive in fees.

ERC20 and eth are not yet seen to be going down in fees. More than 150 gwei in fees and that's totally a lot that no one will be forced to pay sums of bucks just to continue transaction.