- This topic has 8 replies, 1 voice, and was last updated 1 month, 3 weeks ago by Kumomax1911.
- Tuesday, October 4th, 2022 at 04:32 #386722TheGreatest34567Participant
Why is the ETH Gas fee still so high?
Solana, Avalanche, Algo, Cardano etc. have gas fees that are below $1.
Why can’t ETH solve this high gas fee issue if other blockchains have already did?Tuesday, October 4th, 2022 at 04:32 #386723marcuspohl
It’s literally $0.25 to $0.30 right now. https://etherscan.io/gastracker
Thanks for the FUDTuesday, October 4th, 2022 at 04:32 #386724edmundedgar
The gas price is (relatively) high because there are more users than capacity. The limit to expanding capacity is that is becomes harder for users to sync the chain and run nodes themselves, which is thought to increase the risk that the chain will be captured by hostile actors.
Algorand and Cardano solve this by not having many users.
Solana solves it by not worrying about people running their own nodes. Arguably this makes them less secure, and it also causes literal downtime, ie the blockchain actually stops while the relatively small number of people running it try to stop it falling over.
I’m not sure which one Avalanche does, I think it’s a combination of less users and caring less about people running nodes.
Ethereum’s solution is a combination of technical improvements still to come and layer2 systems like zk-rollups, which are separate ledgers allow you to do more work with less load on the main chain. It’s likely that in future most users will need to use these L2 systems instead of the main chain. See l2beat.com for what’s currently available.Tuesday, October 4th, 2022 at 04:32 #386725Mango-is-Mango
Just use L2sTuesday, October 4th, 2022 at 04:32 #386726Competitive-Addict
It’s a fee market sir and this is wendysTuesday, October 4th, 2022 at 04:32 #386727pimpcaddywillis
Tri-lemon-aTuesday, October 4th, 2022 at 04:32 #386728frank__costello
Other blockchains “solved” it by just making their node requirements higher
That doesn’t “solve” anything, it’s just a tradeoff.
Ethereum could crank the gas limit up 10x tomorrow, and fees would drop as low as Polygon, but then Ethereum would lose the one thing that makes it more valuable than these other chains: decentralization.
This is the same battle Bitcoiners fought back in the day, and which lead to the “cheap” Bitcoin (Bitcoin Cash), and normal Bitcoin.
Let’s not become Bitcoin Cash.Tuesday, October 4th, 2022 at 04:32 #386729eastsideskiTuesday, October 4th, 2022 at 04:32 #386730Kumomax1911
Other chains have not solved “gas issues”. They too are constrained. You just don’t notice it, because they don’t have the user base to push their networks hard enough. Most do not come close to the activity found on Ethereum. We need much more scalability than any layer 1 currently offers before transaction constraints are solved. That is why Ethereum has shifted focus to solving scalability through layer 2’s combined with future sharding upgrades. You can use a layer 2 like Ethereum’s Arbitrum for most anything already. Try it out. You’ll find the cheap Eth fees you’re looking for. These layer 2’s will eventually be able to handle mass adoption. ZK Sync is especially promising.
Other than that, it’s worth noting that Avax does not intend to solve scaling issues by continuing to optimize its C-Chain (The chain which mimics Ethereum). It plans to scale by running a network of many chains that are all governed and secured by their own sets of rules and validators. We would call this horizontal scaling. Most of its activity will eventually be spread out onto many different chains. Polkadot and Cosmos also scale horizontally, but each come with their own pros and cons. I believe Solana is now also looking at horizontal scaling as a future update. Currently, its network basically enforces cheap fees even when it can not keep up with transaction strain. Multiple Solana outages have been caused by this exact obstacle.
TLDR: No layer 1 has or is going to solve “gas issues” if security is considered to be equally as important. Every major chain is working on novel solutions as workarounds. Ethereum is leveraging layer 2’s with future sharding updates.
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