Ethereum Gas Fee Skyrocketed, Bored Ape Must Try Bitgert Chain

It might take time for the Ethereum gas fee to reach the Bitgert zero gas fee

In the past few days, the Ethereum gas fee spiked to unimaginable levels. Imagine buying NFTs worth $25 and being charged $3,300 for gas? The total cost would be $3,325. That's how expensive the Ethereum gas fee was. According to crypto experts, the skyrocketing gas fee resulted from the high traffic created by Bored Ape NFTs minting on the Ethereum chain.

The widely anticipated Bored Ape Yacht Club (BAYC), by Yuga Labs, is said to have overwhelmed the Ethereum network, which resulted in a skyrocketing gas fee. The Bore Ape team released 100k 'deeds' for the 'virtual land' for their 'Otherside' NFTs project. With millions of NFT enthusiasts trying to score at least a deed, the Ethereum network got overwhelmed hence the astronomical gas fee rise.

If Bored Ape was minting their NFTs on the Bitgert chain, the experience would have been different. It would have been better. The complaints about the high gas fee would not have risen. This is because the Bitgert BRC20 blockchain wouldn't have been overwhelmed because it has the fastest blockchain and the gas fee is a zero figure. Read more below:

Bitgert

Had Yuga Labs minted their Otherside NFTs on the Bitgert chain, they would have enjoyed the 100,000 transactions per second. The Bitgert chain has the fastest speed in the industry. This means the 100k NFTs sale would have been nothing on the Bitgert blockchain. The buying process would have been smooth, with all transactions going through real-time since Bitgert wouldn't have been overwhelmed.

On the big issue of the gas fee, the Bitgert blockchain gas fee is the lowest. It would cost the NFTs buyers as low as $0.0000000000001 gas fee for every transaction on the Bitgert chain. Therefore, the estimated $100M cost of gas on Ethereum would still be in the investors' pockets. That's how friendly the Bitgert chain would have been. Therefore, Bored Ape should consider the Bitgert chain for their minting.

Ethereum

Once again, Ethereum has shown that it is vulnerable to high gas fee issues despite the recent reports of reducing gas fees. The Ethereum team needs to work on this manner fast to address the issue of scaling. Without addressing the Ethereum chain speed, the network will continue to get overwhelmed whenever there is huge traffic.

The ongoing Ethereum protocol upgrades should be expedited to address the gas fee issue. These upgrades include the migration of the Ethereum protocol from PoW to PoS. With the Ethereum blockchain migrating to the PoS protocol, the gas is expected to reduce drastically. However, it might take time for the Ethereum gas fee to reach the Bitgert zero gas fee.

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.