All the time in the crypto world people talk about fees and fees. For this fee problem traders blame different coins and networks. But should they do this? Of course,not. First we need to understand that network authorities do not increase the fee by themselves but this increase by the miner as the miner always validates the high paid transaction. Second, it's about network use. If you look at stellar networks and ethereum networks then you will understand the difference. In the Ethereum network billion billion dollars crypto transactions keep happening daily while if you look at the stellar network then the network is not popular yet. So there will probably be less transaction pressure the whole day. There is a reason behind this also. Every day new projects are coming in the crypto and those projects are linking up with the Ethereum network firstly. This is what causes the eth network to have more traffic. But if you look at other networks then usually this does not happen. But if later project teams think this is the time to have another network on their project then they add new networks like BCH, BSC, Polygon and so on.
So if someone hates the eth network now, there is no problem because he will lose the profit only. He can ignore the network due to the high fee but other traders will not do the same thing. Because they know the profit from the new project. So they will go through the ETH network with high fees but later they will return high profit. So what comes? Profit is the main priority for traders and investors, not the fees. If i can earn up to $1000 profit from a singleĀ project by spending around $50 then what is the problem?
Anyway, this isĀ true some networks are so bad in the case of fees. But this is not their mistake. Other teams should create new smart contacts or networks so that the pressure on high traffic networks will decrease. Thus the fee will decrease too.Ā
If there are any networks which provide all the facilities available on the network butĀ want only a few cents as a fee. We will go, of course.
Anyway, I took the ETH network as an example so do not be serious. All I wanted to say is that fees are not a big deal but a deal is profit. We want profit and for profit we can pay any amount of fees if there is available any alternative network.
