ETH Gas Fee Matters - Not For Microbusiness

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I had a stressful experience. I earned from publish0x AMPL token. I got the reward from posting contents. I try to send my AMPL token to different address in my eth wallet. However, I had tried many times but all failed.

Finally, I tried to increase the gas fee by 25.000. I saw the transaction was success but after few seconds I saw in the etherscan the transaction failed. The transaction fee cost me 0.0017 eth or about $2.5. I just tried to transfer $14 AMPL token value.

ETH and its token not for microbusiness

$2,4 lost in the network. That is not good for me. I think that eth and other eth tokens are not suitable for microbusiness. A micro business will accept microtransaction worth from under $1 above.
Screenshot from 20210126 203157.png

Will ETH2.0 ANSWER THE GAS FEE MATTERS?
Everyone wants cheap transaction fee. Bitcoin is not for microbusiness too since the fee is too high. It is the same as eth. In my experience, the lowest transaction fee is dash.
Screenshot from 20210126 211453.png the transaction fee of dash is only worth $0,0002. Besides that the transaction speed of dash is in seconds.

Changing algorithm from PoW to PoS will change the fee too. In the plan, the transaction fee will be reduced sharply after ETH2.0 run on masternodes. If Ethereum2.0 can solve the problem, eth will lead the coin and will be mass adopted.

Posted Using LeoFinance Beta



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2 comments
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the gas fees are helpful to the average user. Except if you have a lot of money and don't care :P

Posted Using LeoFinance Beta

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