This is what makes me think Etherium is just for speculators as there are no use cases where a $32 transaction fee makes sense.
This is ending up like Ticketmaster with the completely useless fees.
It costs less to trade on CharlesSchwab than Eth.
Otherwise seems like a fun project, but too expensive to be fun.
Available now but still working on adoption/UI: rollups, which essentially compress the data on chain. Those bring transaction capacity from several dozen to a couple thousand tx/sec.
In a year or two, data sharding, which multiplies the capacity of rollups. That takes throughput to 20K-100K tx/sec.
With that in place, quadratic scaling kicks in, where hardware improvements multiply both the capacity of shards and the number of shards, so e.g. a 3X hardware improvement means a 9X capacity improvement.
If they cared about scaling rather than milking greater fools, I think it would be solved.
Imagine if someone presented a database or OS that worked so inpractically and they said they were still working on scaling after six years. That would be the dumbest startup ever.
You know any tech platforms that took
six years to scale to the point of usability?
The roadmap I described above actually does get to that level if we assume a 3X hardware and bandwidth improvement over that period.
If you transfer 10 000 dollars, 32 dollars in fees is absolutely nothing.
Also, in usual transactions, you can define how fast you'd like the transaction to be verified and you can lower the fees.
Practically speaking, transactions should cost billionths of a cent.
Are you sure you're not talking about a call to a contract rather than the fee to just make a transaction?
EDIT: I got outbid, I didn't post any NFT ad