Blockchain Congestion Alert For Ethereum | 1.2 M Transactions Per Day

Decongested Ethereum Blockchain Where Would It Lead You?

BitcoinCash is here for you!

At the time of writing, to Etherscan shows the number of transactions on the Eth network has reached 1,000,085,000. (1-Billion) The average commission is $4.02, the mining complexity is 4,682.18 TH and the hash rate reached 364,882.51 GC/s.

On average, there are currently 1.3 million txns/day. The figure has grown immensely since June 2020 and the analysts foreseen this to blast because of the Decentralized Finance Apps (DeFi).

Two days ago, February 4, 2021, the amount of blocked funds in DeFi applications exceeded $32 billion, and against this background, the average fee on the Ethereum network was $23. Talk about the huge gas fees!

Let's take a look at this chart for Comparison

Look at that compared to Bitcoin Cash

What will happen if there would be a decongested Blockchain? The time of confirmation would definitely take some time. I remember when I have withdrawn 0.029 BTC to my wallet before and just chose the super less mining fee, it took me 17 days before it reached my local wallet (Coins.ph) Christmas time is over by then and the Price of BTC already dropped drastically.

Let's check the FEES!

I am not surprised if you are not bewildered anymore to see these figures.

Would you pay $23 for a gas fee if you are transferring $20 cashing out your Token Airdrop Earnings that you literally have waited for so long to have a certain value? Totally a killer!

How would you think the dapps developers and owners deal with this type of business if your operational cost would most likely just meet the site's income?

Let's check Bitcoin Cash!

My dear friends you are seeing it right! No you're not cross-eyed seeing lots of zeroes. All the zeroes are in proper place after the decimal point. Charts don't lie my dear, check it out here:

https://bitinfocharts.com/comparison/transactions-bch.html

you'll be able to toggle the drop-down to see the info that you like from each coins that you can choose below the chart. Suit yourself.

Just look at the choices and see for yourself.

I remember someone has sent me $11 worth of BCH because I helped him with some info about how to cash out cryptocurrencies here in BCH in the Philippines. Probably this guy is gonna send a little bit of something to this Filipina she adores! Hehehehe.

He said: "Thank you for the info, buy yourself a Jollibee"

I laughed so hard with that and was so thankful afterwards. Then I cashed it out and turned out that what I received in BCH from my coinsph wallet is also the same as what I have searched on Google. $11.00

Just sharing that funny experience involving BCH reiterating the lowest fees.

But seriously! What will happen to those dapps that I really adore existing in the Eth Blockchain? And the developers I know from there! I knew some because been chatting with them before when I still share blogs on Steemit.

I just want everyone to know this blockchain where in I am also a part of the Marketing Team now, and super love the community members.

Please visit:

https://Telos.Net

This is the most powerful blockchain ever existing at the moment but no visibility YET in the mainstream. More powerful than Ethereum.

I will leave you with this chart to compare and decide!

Thank you so much for reading till the end here. Follow The Telos Network on

Twitter: https://twitter.com/HelloTelos

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