The Ethereum low scaling has been the biggest reason the gas fee is always rising.
Ethereum Skyrockets to $3,300
Bitgert blockchain gas fee is a zero figure, and the fastest chain
Bitgert has the fastest growing blockchain ecosystem
Ethereum network shocked the world the other day when its gas fee skyrocketed to thousands of dollars. During the recent Bored Ape NFTs sale, Ethereum gas skyrocketed to $3,300, one of the highest gas fees in recent times.
Although the gas fee on the Ethereum chain has stabilized, it is still considered one of the highest in the industry. This is compared to what other blockchains are offering.
Ethereum gas fee is mainly determined by the demand and supply. When the demand for the Ethereum networks or traffic increases, the cost of the gas fee is always increased. That is what happened during the Bored Ape NFT sale, where thousands of Ethereum NFT users increased traffic on the network.
The Ethereum low scaling has been the biggest reason the gas fee is always rising. If the Ethereum chain speed is increased, the gas fee will drop significantly. This is what the Bitgert (BRISE) team has done and the reason Bitgert blockchain is competing with Ethereum. In fact, Bitgert has been said to be the chain that might address Ethereum problems.
This is because Bitgert BRC20 is an Ethereum-compatible blockchain. This means developers on the Ethereum chain can easily migrate to the Bitgert BRC20 blockchain to enjoy cheaper gas and a faster chain.
Bitgert blockchain has zero gas fee after the team managed to put the gas fee at $0.0000000000001 for any transaction. This is the lowest gas and indeed a zero figure, and 1000s of times lower than Ethereum.
Unlike Ethereum, Bitgert has one of the most scalable blockchains in the industry. The Bitgert blockchain speed is 100k TPS, making it the fastest blockchain today. In addition to that, Bitgert has already built a bridge to make the chain super interoperable.
Ethereum is one of the networks available on the Bitgert blockchain. Therefore, Ethereum users can easily migrate their assets to the Bitgert network. The upcoming launch of the top 15 cryptocurrencies on the Bitgert blockchain, including Ethereum, will also help Ethereum users avoid expensive gas fees.
The bottom line is that Bitgert will solve the costly gas fee problem that Ethereum users are facing. Ethereum users will enjoy not only the cheapest gas fee but also the fastest blockchain at the Bitgert chain.
Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.
The post Increasing Gas Fee On Ethereum Makes It Less Scalable appeared first on .