Ethereum Gas prices soar to over 70 Gwei due to transaction overload coming from coins doing airdrops in order to get listed on Fcoin.
My video is at DLive
Ethereum Gas prices are too damn high! and here is why
6 years ago by boxmining (72)
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OMG!!!!
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unbeliveable?
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no, I think we all heard the similar news when crypto kitties came and now that project is kinda dead
but now I only love the steem, because I only earned on steem (something like a regular income type of thing)
I power down to get some power, then using all the force I push my earning a but up :D it works for me :)
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So, is it still a good idea to purchase ETH for a long-term investment?
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im not sure whether its good idea for long-term investment .
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Please, if you find gas price too high, set it lower. There has been no problem getting transactions included in within minutes with 1-2 Gwei price.
There are several miners accepting much lower prices than default, encourage others to join by not accepting high price. Price is not determined by some central committee.
Everybody, please take some responsibility of your own actions instead of complaining. That said, price selection could be more intuitive and not hidden under advanced settings in some of the wallet user interfaces to encourage users to think about the issue.
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This all are happening for ERC 20 token transfer. I stopped transferring token from MEW cause high gas price .
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you made enough preparation
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it is true,sir .very unique and crypto lover content plz read and share your opnion
https://steemit.com/cryptocurrency/@moneymakingguru/blockchain-companies-doesn-t-need-office
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Chinese Exchange FCoin Accused of Crippling Ethereum Network for Cheap Publicity
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The resulting congestion on the Ethereum network has influenced Binance to spike their GAS price
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This is a perfect example of something being a “victim of its own success.”. Other platforms will try to take advantage of this to show their network capabilities to scaling and low fees. This is something they will need to figure out soon as more competitors launch.
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They have the advantage of a head start, but if they don't implement a better scaling solution soon that won't mean anything. Every major solution out there can handle way way more transactions a sec, they are starting to look like the past and not the future...
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What are your thoughts on gochain? Seems to be an instant fix for a lot of problems and may be more appealing to businesses
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