Although Ethereum is currently the blockchain development platform of choice, it is not without its flaws.

Users of the blockchain network have to contend with scalability issues like low transactions per second (TPS), high energy consumption, and expensive transaction (gas) fees. Gas refers to the fee charged for processing a transaction or smart contract on the Ethereum blockchain network and is denominated in Ether (ETH), the native cryptocurrency token of the Etherereum blockchain. This fee is paid to Etherereum miners who determine its price by evaluating the demand and supply for the computational power required to process the smart contract or transactions.  Speaking of high gas fees, the increasing use of the Ethereum blockchain has resulted in network congestion that has raised the costs of using the network. In fact, the average gas fee soared to an all-time high of ~US$70 (S$92.80) per transaction last month. Source: Bitinfo...