Post
Topic
Board Altcoin Discussion
Re: High gas fee for sending token is still a problem
by
Abiky
on 17/06/2023, 18:55:59 UTC
You can switch to another network like BNB, MATIC or ADA. They have smooth transaction speeds and low GAS fees. BTC is the mother of crypto but with expensive GAS fees and slow transaction speeds this is a problem BTC needs to solve.

The only problem is that these networks are not as decentralized and reliable as Bitcoin or Ethereum. As it's said in the real world, "you get what you pay for". When you pay high fees, you're essentially paying for unmatched security and decentralization. Of course, the network will be congested due to high activity/load. But you'll rest assured your transaction will go through no matter what. Not like Solana that often goes down due to its centralized design (even though you're paying very low fees per transaction).

The future of crypto lies on off-chain scaling solutions (aka Layer-2). It's the safest approach to scale crypto without "harming" the main Blockchain. People are often looking for convenience, so I'm pretty sure they will quickly adopt L2 networks after they're perfected for mainstream use. Who knows if high fees become history some point in the future? Just my opinion Smiley