Post
Topic
Board Altcoin Discussion
Re: Will competitors overcome ETH due to ever-increasing gas fees?
by
doomloop
on 26/01/2022, 19:45:27 UTC
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.
ETH is not a coin that competitors will vanquish. If it had, it would have vanished long ago. ETH is a very popular coin. ETH developers are trying to reduce its gas price. Not only ETH network but other network fees are slowly increasing. However, for those who do big amount transactions, gas fee is not a big issue yet.
ETH did not dispensary before because it was a good coin once but it changed slowly as the gas fees starts to increase uncontrollably. ETH is a coin that already built a strong foundation and it wont break easily just because of that problem and like you said there are big supporters left and they do not care paying extra bucks just to process a transaction because they can still benefit with it.

Most of the complaints that we heard are only from the normal users . well they do not need to force them selves of staying here because there are lots of cryptos lying around that also have the same potential as ETH. Time can only tell if when will ETH return to normal.