Post
Topic
Board Altcoin Discussion
Re: BEP20 OR ERC20? Preferred token
by
blockman
on 22/06/2023, 18:32:38 UTC
After the price of Ethereum went above $1000 that's where the disaster for users came,
That's normal whenever a price pump comes, expect that even those unpopular chains will also get an increase in fee if they don't scale up and when their demand increases.
I honestly think it's more of a problem with the fact that ethereum price just simply gets too high, current gwei required for ethereum was normal back in the days, it's just around
10 gwei or so, and it's become abnormal after it went that high and even if scalability increased, it's still the same problem until today.
even the release of second layer solution didn't do much either, I guess we still have long way to go until this problems gets resolved honestly.
at the meantime, just use the second layer and we're set, though doesn't mean every token is available in these 2nd layer.
I guess that we have to bear with it if it's about Ethereum's ecosystem and scalability. The problem will also exist in other chains but good that some of them manage to get rid of the high fees despite having the increased demand. Why can't the other projects do the same and just follow that track wherein the users are the ones that are benefiting from it? It all leads to business matters, despite that the demand of a project is high and some issues are still unsolvable if some solutions are offered by other projects, that can't happen to collab but it's good that we're seeing altcoins having supported in other chains so that's one good collaboration that we're seeing as a solution for high fees.