With the increasing competition in the blockchain market, Ethereum’s recent upgrade resulted in the largest drop in terms of the gas fee, rivaling Bitgert’s zero-gas fee policy and other cryptocurrencies.
The Ethereum users experienced low gas prices during the last 30 days, encouraging them to make transactions.
Ethereum developers recently announced their intentions to convert from PoS to PoW. The blockchain network noticed that many users preferred doing transactions on networks that had a zero gas fee policy due to their PoW protocol like Bitgert.
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To fight against the increasing competition and rising blockchain protocols, Ethereum decided to switch its protocol to bring more users in.
Although the network is the biggest blockchain in the market, the latest technological advancements are empowering other networks to tease Ethereum’s status in the market.
Bitgert (BRISE) has taken over the blockchain industry by storm. With its latest and unique features, the market struggles to keep up with the Bitgert BRC20 blockchain level, including Ethereum.
Bitgert’s zero gas price is considered to be a lot cheaper than other chains. For every transaction, the chain charges $0.0000000000001. With 100k TPS, Bitgert is the fastest blockchain in the industry.
Because of its top-notch features and technology, many NFT marketplaces are slowly turning towards the blockchain.
Similarly, the Centcex cryptocurrency is also taking over the market by storm. Crypto offers the best rates and has the potential as one of the fastest-growing cryptocurrencies in the world.
To beat off this competition with Bitgert and other cryptocurrencies, Ethereum is working day and night to complete its Serenity upgrade. The developers have been successful with half of the upgrades, and the users can see the improvements based on the low gas price.
Although the chain is a long way from Bitgert’s zero-gas policy, gas prices are expected to reduce further in the coming months.
