Quote from: Abiky on December 13, 2021, 12:30:53 PM

Quote from: avikz on December 08, 2021, 05:54:06 PM

It's true that Gas fees are ridiculously high since a long time now and we are not seeing a resolution to this. It is actually creating market gap for BNB. Nowadays BNB has become the most preferred chain to complete transactions for the token owners.

Vitalik is definitely aware of this issue and I am sure bigger plans are ongoing in the background. ETH 2.0 is definitely coming sonner than later. Otherwise there's literally no solution to the high gas fees.

Developers are stalling by delaying network upgrades that would benefit the end user. The difficulty bomb has been extended, so ETH 2.0 will take quite a lot longer than expected for it to become a reality. I don't think it's hard to introduce a short-term solution for ETH's high fees. Developers could simply roll a new upgrade that would alleviate high gas fees until ETH 2.0 comes into fruition. What I see here is that miners don't want fees to go down, as it would mean less money for their pockets. I mean the higher the fees, the more money miners will make, right?

If this keeps going, I'm afraid BNB will take ETH's position as the second-largest cryptocurrency by market cap. It's unfortunate to see what's happening with ETH right now, when developers could've done something about it in the first place. They're only focused on ETH 2.0, instead of dealing with the current blockchain's situation. Of course, decentralization and security/reliability comes first. But sometimes enough is enough. Mainstream media don't say anything about the fees, because it's manipulated by big players on the market. I hope ETH 2.0 takes over the mainnet next year, or we can "say goodbye" to Ethereum for good. Just my opinion

I agree totally. I am a Charles Hoskinson fan myself and Cardano has the best opportunity laid down to be the ecosystem Ethereum could have deserved to be. It's nacient technology that shouldn't be taken as complete in any way shape or form.

Let's hope for a decade of Creative Destruction and Accumulation. Every $10,000 you can put in will be worth $1,000,000 in a Decade (inflation adjusted).

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