Could This Help Solve the Problem of High Gas Fees on Ethereum?
Ethereum (CRYPTO: ETH) is the second-largest cryptocurrency by market capitalization. However, this popularity has come at a cost: Fees for transactions on this blockchain are quite high because of the high demand, meaning there's a scalability problem that needs to be solved.
In this video from Motley Fool Backstage Pass, recorded on Dec. 8, Fool analyst Eric Bleeker asks fellow analyst Bernd Schmid and contributor Jon Quast what they believe the solution is to Ethereum's high gas fees. They talk about Ethereum competitors vs improvements to Ethereum called Layer 2 solutions.
Source Fool.com
