Posted 11/10/2023, 4:40:07 AM
High Fees on Ethereum and Bitcoin Renew Scalability Debate
- Recent spike in Ethereum and Bitcoin transaction fees reignites scalability debate
- Some users reporting $100+ fees on Ethereum, $10+ on Bitcoin vs recent averages around $1
- Solana proponents point out much cheaper fees on their network
- Debate continues around scaling base layer vs relying on layer 2 solutions
- Critics say modular blockchains like Bitcoin and Ethereum better than Solana's monolithic design, despite outages