08-31-2021, 11:24 PM
Ethereum Gas Prices are High Because People are Using it and if other chains suffer
<!-- SC_OFF --><div class="md"><p>This is plain wrong. </p> <p>Out of all blockchains, <a href="https://stellar.expert">Stellar processes the most transactions.</a> Yes, even higher than Ethereum. </p> <p>The fees? Fraction of a cent. In terms of XLM, that is 0.00001 XLM/tx.</p> <p>And yes transactions include all kinds of operations including DEX trades. </p> <p>Other chains also have lower fees despite having massive traffic such as Solana and Terra.</p> <p>The real deal: Ethereum is inefficient at the moment and it needs to scale. Of course there are layer 2 solutions but they are useless when sending from L1 to L2 costs a lot too. Let’s stop pretending fees are fun and Ethereum doesn’t have problems.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/pieceofpineapple"> /u/pieceofpineapple </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pf23a7/ethereum_gas_prices_are_high_because_people_are/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pf23a7/ethereum_gas_prices_are_high_because_people_are/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>This is plain wrong. </p> <p>Out of all blockchains, <a href="https://stellar.expert">Stellar processes the most transactions.</a> Yes, even higher than Ethereum. </p> <p>The fees? Fraction of a cent. In terms of XLM, that is 0.00001 XLM/tx.</p> <p>And yes transactions include all kinds of operations including DEX trades. </p> <p>Other chains also have lower fees despite having massive traffic such as Solana and Terra.</p> <p>The real deal: Ethereum is inefficient at the moment and it needs to scale. Of course there are layer 2 solutions but they are useless when sending from L1 to L2 costs a lot too. Let’s stop pretending fees are fun and Ethereum doesn’t have problems.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/pieceofpineapple"> /u/pieceofpineapple </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pf23a7/ethereum_gas_prices_are_high_because_people_are/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pf23a7/ethereum_gas_prices_are_high_because_people_are/">[comments]</a></span>Kind Regards R