Post
Topic
Board Altcoin Discussion
Re: High gas fee for sending token is still a problem
by
axxo
on 17/06/2023, 12:02:08 UTC
Yes, high gas fees for sending tokens on the Ethereum network continue to be a problem, Gas fees are the fees paid to miners to process transactions on the network. The fees are determined by the level of network activity and the complexity of the transaction. In recent months, gas fees have been on the rise due to increased demand for the transactions on the Ethereum network. This had made it expensive for users to send tokens, especially for small transactions. There are several solutions have been proposed to addres the high gas fee issue, including layer 2 scaling solutions such as rollups and sidechains, which can process transactions off-chain and then settle them on the Ethereum network.