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[AudraMiller]

As we all know, the transaction fee when we make a crypto transaction is highly dependent on the traffic at the time that we make the transaction. Of course if you increase the transaction fee that you are willing to pay, your payment could take priority and you will notice that your funds are transferred sooner.

However, the new Ethereum transaction fee model aims to do away with this, and this has the miners outraged. According to the new plan, EIP 1559, the transaction fee will be set at a standard rate, and there will be a minor/small tip that is added to that fee for the miners.

Of course this will be highly beneficial to us, and as a crypt user this will mean that we can transact at any time without having to worry about the traffic, but miners have the most to lose from this according to this article.

What do you guys think? I look forward to your comments. I for one, am all for this idea and hope they even implement it in btc in the future.

 

[gammarays]

interested company you mean, as just an investor holding a dogecoin would do not much to it, but a company with crypto engineers and devs can improve its system and can add more functions to the coin

Ya,nobody would love to invest in a project without potential. They need to put in more effort to it or even consider moving it over to the ethereum platform.

 

[AudraMiller]

Yes,since the owners of dogecoin are not bothered about the coin. I see it depreciating further in value with the fierce competition from new ambitious tokens.

That is what it does seem like and it is sad to see the value of it going down especially with the potential that it has. I hope that in the future they decide to put a cap on the amount of dogecoin that there is so that the price can increase as well.

 

[gammarays]

That is what it does seem like and it is sad to see the value of it going down especially with the potential that it has. I hope that in the future they decide to put a cap on the amount of dogecoin that there is so that the price can increase as well.

Yes,that's a very good suggestion. They can also try to halve the total supply as just like Bitcoin to limit the number in circulation. Wish something good can happen to dogecoin.

 

[AudraMiller]

Yes,that's a very good suggestion. They can also try to halve the total supply as just like Bitcoin to limit the number in circulation. Wish something good can happen to dogecoin.

Definitely agree with you there. A halving event for dogecoin would be very good for its value going forward. In my opinion, the low transaction costs will make it vey attractive if they halve it and cap the limit.

 

[Kawas]

I'm really looking forward to staking on the Ethereum platform. It does not require investments such as mining, everything is much simpler.
In the meantime, I use gekkoin deposits as an alternative

 

[AudraMiller]

I'm really looking forward to staking on the Ethereum platform. It does not require investments such as mining, everything is much simpler.
In the meantime, I use gekkoin deposits as an alternative

Stakign generally refers to casinos and betting and that sort of activity. What platforms are you referring to and does this relate to the topic at hand?

 

[Ginatime]

I can't go into any etherium investment right now because I still can't withdraw my $5 since I invested it back in June cos of the gas fee

 

[AudraMiller]

I can't go into any etherium investment right now because I still can't withdraw my $5 since I invested it back in June cos of the gas fee

It might be a good idea if you are looking to invest, to earn from here and withdraw in bitcoin and use that as a means to buy Ethereum. That is if you are looking to invest.

 

[Ginatime]

It might be a good idea if you are looking to invest, to earn from here and withdraw in bitcoin and use that as a means to buy Ethereum. That is if you are looking to invest.

No I am not going to invest in etherium anymore after all there are plenty crypto that I can invest in apart from etherium. The only thing that can make me invest in etherium is when the gas fee has been removed

 

[AudraMiller]

No I am not going to invest in etherium anymore after all there are plenty crypto that I can invest in apart from etherium. The only thing that can make me invest in etherium is when the gas fee has been removed

The gas fee will never be removed. Best case scenario is that it will be lowered to a more acceptable level or perhaps it will be standardized so that it doesn't vary with transaction size.

 

[Ginatime]

The gas fee will never be removed. Best case scenario is that it will be lowered to a more acceptable level or perhaps it will be standardized so that it doesn't vary with transaction size.

That should be implemented soon cos a lot of people are loosing interest in investing in etherium because everybody wants to make profit not loose their profit to some gas fee

 

[AudraMiller]

That should be implemented soon cos a lot of people are loosing interest in investing in etherium because everybody wants to make profit not loose their profit to some gas fee

Yeah i think that there is a good chance that we will see this sometime over the next year in my opinion.

 

[Ginatime]

Yeah i think that there is a good chance that we will see this sometime over the next year in my opinion.

What if etherium increases before the end of the year. Do you think the gas fee will rise or fall. I think they should do something about it this year

 

[AudraMiller]

What if etherium increases before the end of the year. Do you think the gas fee will rise or fall. I think they should do something about it this year

Well if bitcoin is anything to go by, when the price increases the transaction fees increase as well so this could be the same with ethereum as well.

 

[Ginatime]

Well if bitcoin is anything to go by, when the price increases the transaction fees increase as well so this could be the same with ethereum as well.

That's why something needs to be done about it quickly

 

[AudraMiller]

That's why something needs to be done about it quickly

I think that the problem will be solved when it comes to ethereum 2.0 though. If you look at the time that it has taken to make this crypto i am sure that it will correct a lot of these problems.

 

[crypworld]

Alas, so happy we can transact ethereum with less transaction fees.


This has been a nightmare for many, especially those who stake or hodl ethereum.


I hope bitcoin transaction fees too would cost less in the future.

 

[sixseight]

Less people would want to mine Ethereum, i think the benifit of it is one sided, maybe it's a method to attract people to adopt Ethereum cause of the fees change

 

[SCAMEXPOSER]

Alas, so happy we can transact ethereum with less transaction fees.


This has been a nightmare for many, especially those who stake or hodl ethereum.


I hope bitcoin transaction fees too would cost less in the future.

Please do you have latest update as regards the gas fee for ethereum recently, how much did you transact and what was the charges?

 

[crypworld]

Please do you have latest update as regards the gas fee for ethereum recently, how much did you transact and what was the charges?

No I have not done a ethereum transaction recently. Everything was on hold but I have now reinvested.