Everyone has been through this situation: they are going to make a currency exchange and, when they see, the rate, the "gas fee" ends up eating all the gain from the exchange, or all the gain obtained from an appreciation.
These fees are really frustrating! Because, despite being gained, as the fees are proportional, a lot is always lost in any transaction.
In its current form, most tokens and DefI are pegged to the Ethereum system. This is the most expensive system of all - polygon, unfortunately, is going the same way - and it weighs heavily on the pockets, especially for micro investors.
Micro investors are the strength of cryptocurrencies today. It has also been the case in the world, in the traditional financial market.
In this way, the microinvestor loses everything he earns from fees, loses interest and, unless he becomes a HODL, does not feel any attraction in cryptocurrencies.
This is the law of competition: whoever offers for a price, or a lower rate, gets it.
It should be noted that, until the London update, a good part of this cost was due to the division of pay to the miners and their efforts.
When Ethereum is fully implemented, there will no longer be this payment.
The problem until the London update, is that each transaction made there be more ethereum, more emission, turning the Ether into inflationary currency, even on account of the fees charged. A spiral of overvaluation and overtaxation that would lead to collapse - just like a national economy indexed by the government and overtaxed, the same process.
But, unlike a government, as in Venezuela, this week that pasosu, which cut six zeros to reduce inflation - a way of "burning" currency, in the case of Ethereum, this burn is real. Decreasing circulating Ethereum and decreasing rates force currency appreciation rather than rate appreciation.
The rates, when valued, become a geometric progression, that is, they become, over time, unpayable to the point that the rates are traded instead of the currency itself.
When the currency is valued, it pulls the valuation of everything that is linked to it and, in this case, the reduction of circulating currency guarantees the face valuation, deflating the entire system, even if it burns ether.
The rate, so far, is $10,000 per minute of coin burning.
It is this real process that is making ether's valuation soar and take off from bitcoin, as a market trend.
The ethereum system that, at this moment, stops the deeper descent of bitcoin.
There is still a long way to go for rates to fall to the levels of bitcoin itself, but it injects hope, a spirit, into the cryptocurrency system.
Courage and good decisions bring better opportunities and stability to the entire system!
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