Post
Topic
Board Altcoin Discussion
Re: High gas fee for sending token is still a problem
by
shinratensei_
on 17/06/2023, 23:39:08 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.
the gas fee aren't paid to miners anymore there are no miners since ethereum switch over to PoS, and the proposed solution that was supposedly to solve the high gas fee
problem are such massive dissapointment honestly, these off chain solution using second layer instead add further burdens since they are still submitting their batch transactions in ethereum
blockchain, basically these second layer solution are instead of solving the problem, they just add some traffic, you can see the contract that spends most gasses are in general included these second layer sequencer or some batch submitter contract among the highest ranks.