Ethereum & Bitcoin High Gas Fee - Why You Should Consider The Steem Blockchain

I've reached the point where I no longer care that I'm losing out on possibilities in the Ethereum chain due to the high gas fees. Up until I minted a free NFT on the Ethereum chain early this year, paid a $3 gas fee, and felt it wasn't too expensive and was good, I had always shied away from the chain due to the high gas costs. Unaware that it was the start of an addiction to minting NFTs on the Ethereum network. I didn't know how to track ethereum gas fees at the time, and I didn't realize that GWEI numbers might predict how much they would cost.

I eventually grew accustomed to minting on the Ethereum network, but only free mints and free mints that I thought were incredibly significant (probably an NFT with a potential airdrop). Everything was going smoothly until I noticed that the gas fee of minting was going up: from $3 per mint early this year to $5 to $7. Well, $7 didn't seem too bad because the value was still in the single digit range, but when the gas fee jumped into the double digit range, I started to worry. I wanted to mint an NFT yesterday on the ETH chain as usual, but when I saw the gas fee was $17.51, I was shocked and nearly lost it. I was minting a free NFT that I don't even know if it will be worth $10, and there is a gas fee that needs to be paid. But no, I reject and cancel the transaction right away.

Even after the chain transitioned to Proof-of-Stake, I thought the gas fee would reduce but it was the opposite. I still have no idea why the gas fee for ETH has really skyrocketed recently.

The Bitcoin network has also been suffering from severe transaction congestion, which results in high transaction fees and sluggish confirmation times. A friend of mine bought bitcoin from me, and I had to pay $45 to transmit the bitcoin to his wallet in order to send the $1000 worth of bitcoin. There was a high fee and the confirmation process was extremely slow. The Steem blockchain's little or zero fee and quick transactions processing are two features I've loved, but this made me understand how much we have been enjoying this amazing blockchain.

Imagine sending money to someone with little to no fees; this is a significant benefit of using the Steem blockchain.

I personally think the Steem network is underappreciated, and I hope people rapidly grasp how much they stand to gain from interacting and engaging with the chain.

We have a low-risk APY for staking your Steem, in case you want to invest, and trust me, you'll profit passively. These are just two of the many chances that go beyond the low fee and quick transactions. One way to profit from your staking is through curation, which is quite beneficial.