Gas Issues

Gas fees are transaction fees paid to miners for processing and validating transactions on the blockchain. Users must understand the concept of gas fees and how they vary depending on network congestion and transaction complexity. High gas fees can deter users from engaging with Web3 applications, particularly for smaller transactions or those with limited funds. Moreover, the unpredictability of gas fees can make budgeting and planning transactions difficult for users, leading to frustration and dissatisfaction. Although there are some initiatives to address this issue, such as the Ethereum Improvement Proposal 1559 (EIP-1559) which simplifies fee estimation and minimizes the fluctuation of transaction fees, their overall effect on fee levels remains intricate and diverse.

Another matter regarding gas fees is that it is typically paid for using the native coins of the blockchain. This has become a hurdle for new users, as they may have limited access to native coins and the overall unfamiliarity with the user journey. Obtaining native cryptocurrencies for transaction gas can prove intricate, particularly for those unfamiliar with cryptocurrency exchanges or peer-to-peer trading platforms. This requirement presents a substantial challenge, especially in environments constrained by regulations or limited exchange accessibility. Additionally, the need for native tokens to conduct transactions may dissuade businesses and users seeking straightforward solutions, adding another layer of financial and operational complexity.