Do you think competitors will vanquish ETH due to ever-increasing gas expenses? In the event that not, why? Are steady delays a result of miners' resistance against lessening gas expenses on the blockchain? Your input will be enormously acknowledged. Thank you.
Ethereum still has the big advantage that they are the first mover in terms of smart contract functionality on the Blockchain. Without that idea all the stuff that is possible within the crypto space like NFT and especially Defi applications would not be possible at all without the inventions of the ethereum team. The problem is that the Defi applications create so much traffic on the eth chain, that the network itself can almost not handle it anymore. I really hope eth 2.0 comes soon and brings down the gas fees to a normal price level again.