Post
Topic
Board Altcoin Discussion
Re: Beginner question about transaction fee
by
GreatArkansas
on 15/01/2023, 10:55:37 UTC
Right now I can see that Ethereum has fee is very high and it's annoying, I thought after the Ethereum upgrade the gas will be lower? Ethereum is at 1500$ imagine what will happen at 10,000$ per Ethereum.
(.....)
Take note that the recent update of Ethereum which is "The Merge" is not about the gas fee will become lower, it's different. The Merge was the transition from the Proof-of-stake (POS) to the proof-of-work (POW) mechanism of the network.
Issue here is the network traffic and which I also notice is correlated also with the price of Ethereum, like if we see pumping, the transaction fees also pumping.
I believe in the future, Ethereum will become scalable and we will see more lower transaction fees.