After paying a high fee on ETH Smiley, we sometimes feel bad. But I'm curious as to why this is.
With this, I'm able to express my feelings.
The Ethereum network is very much avoided by people nowadays, because the gas fees for their transactions are quite insane, for bounty hunters this is the most avoided network for now, but strangely this network is still very big and strong for now, personally I also still wonder why this can happen, even though the cost of gas per transaction in their network is very expensive, it is better to avoid transactions on this network, because there are many other networks that are cheaper and more affordable
The ethereum gas fees is crazy for small traders like us but it is not a concern for whale, that's why the big project still chooses ETH as the starting place to develop. In return for expensive gas fees, ETH is safer than the rest of the networks which is what projects care about.
There have been many other networks created to replace ethereum but most of them cannot beat ETH. Enough to show the importance of ETH in the market.
But the number of whales is limited, even if they can pay the gas fees what it is the point of a coin in which only the rich can move their coins? A coin like that will eventfully fail, so it is important this issue gets alleviated somehow by the ethereum developers, however taking into account that ethereum is moving to POS and this is a model that also benefit the whales then it is likely that you are close to the truth and the ethereum developers only care about those with a lot of capital to keep using their network in the future.