Users Face Hurdles with Zil Transfers | Gas Fees Spike in Legacy Wallets
Edited By
Samantha Green
A growing number of users are reporting issues when transferring ZIL from legacy wallets to EVM addresses in the Torch app. Despite transaction confirmations on bscscan, many find their tokens untraceable, raising concerns about unresolved gas fees.
The Trouble with Transfers
Token transfers from Binance to EVM addresses have left many users bewildered. One user recounted,
"I’ve tried sending small amounts they just got lost."
After switching to the legacy address, the user faced another setback, encountering a message stating that the "provided gas price is too low" while attempting to send tokens to the EVM address. Users are expressing frustration as the error persists even after adjusting gas fees.
Rising Concerns Over Gas Fees
Recent updates to Zilliqa Legacy appear to have triggered increased gas fees. As the community buzzes, one user remarked:
"Hello! Zilliqa did an update that increased gas fees."
With many seeking solutions, the app developers have confirmed an upcoming release aimed at resolving this issue.
What’s Next for Users?
Amid the complaints, users are left with questions:
How soon will the new update roll out?
Will it effectively address the gas fee problem?
Another user confirmed the community’s eagerness for a fix by inquiring about the timeline, a concern echoed across various forums.
Key Insights
🔼 Users report missing token transfers, despite successful transaction confirmations.
🔽 The recent update has caused gas fees to rise, complicating transfers.
💬 "We’re going to push an update soon to increase the gas fees setting" – Developer update.
The situation illustrates a growing tension as users navigate unexpected challenges in the Zilliqa ecosystem. As developers promise swift action, the effectiveness of these changes will ultimately determine user satisfaction.
What Lies Ahead for ZIL Transfers
With a solution reportedly on the way, users can reasonably expect the new update to hit the Torch app within the next few weeks. There’s a strong chance this will ease gas fee issues, especially since developers have highlighted tweaking the gas settings to enhance transfer success. Experts estimate that if the update delivers on its promises, up to 70% of users may experience smoother transactions. However, lingering concerns about gas price volatility could continue to affect those attempting transfers, especially if user interest surges post-update.
Lessons in Tech Transitions
Reflecting on the chaos surrounding ZIL transfers, a less obvious parallel emerges from the early days of online banking. Just like crypto users today, many individuals faced hurdles with unauthorized charges and failed transactions in their initial experiences with digital finance in the late 1990s. As banks adapted their systems, shifting their infrastructure to handle online services, they eventually built user trust by addressing these issues. Just as banks would learn and evolve, the Zilliqa ecosystem may take these complications as lessons for enhancing user experience moving forward.