When I mention "high gas fees," I'm referring to fees that surpass the current charges imposed by Visa and Mastercard. After all, decentralized finance (DeFi) aims to compete in this space. Is it reasonable to anticipate that individuals investing thousands of dollars should be content with paying tens of dollars in gas fees for each transaction, especially during what we consider "busy" periods?
What do you think would be a solution to this not everyone would be able to keep up with this especially in everyday transactions?
What do you think would be a solution to this not everyone would be able to keep up with this especially in everyday transactions?
When you mentioned "high gas fees," I assume you are referring to the altcoins network, right? In that case, I think you need to move this topic to Altcoins discussions.
Anyway, this is what I found regarding current transaction fees:
That does not seem too bad. What are the current fees for credit card transactions?
- It's only 1.4$ something on the ETH network; it's low compared to others. What exchange is this, mate? Because on Binance, the gas fee is around 2-4 dollars, as far as I know, that's where the gas fee plays. Then, the rest is really low.
I just don't understand, mate, what he really wants to point out in the topic on which he did this. Does he not want a gas fee when he does a transaction? Because if there is a gas fee deducted from our balance, it won't affect us in any way because that's normal, right?
Then, if we compare it to the government tax that is taken from their subjects on the products that we buy because we need them on a daily basis, we are not complaining about this crypto business, which is even more modest.