Talk:Cryptocurrency/Future of Finance

Salsa

write me a statire article about cryptocurrency as future of finance that while it's true that they are revolutionary for their times, but as things aged. Bitcoin, built on top of their battle-tested algorithms but still, they are slow and take ages to confirm a block, not including transaction fees. And Ethereum. while introducing itself to fix Bitcoin's high transaction fees but look at the cost for minting/transferring NFTs, they are ironically high. For transacting Ether itself or ERC-20 Tokens still has high tx fees. (but still not as high as wire transfer fees).

write it from author's perspective at the time when ens airdrop happened, the transaction fee was constantly around 140 gwei and to claim the airdrop I had to paid like $200 for tx costs. But in the end it was worth it and at least it was the pioneer times. Right now we have sidechain like matic or BSC with more competitive fees and L2 solutions like Arbitrum and Base chain by Coinbase so that's actually looking good for future of Ethereum and any upcoming alt-coins. I pledge all my gratitude towards developers that created these chains as they reduce transaction costs to make it closer to future of finance state.