What happens when network fees skyrocket? Does innovation in bitcoin, ethereum, and other open blockchain projects die? What about the DeFi (decentralized finance) craze that has hit the Ethereum network, causing gas prices to increase and making every smart contract more expensive to run? What can be done to fix the network fee boom? In this video Andreas walks through solutions from both a technical and philosophical perspective. 0:26 Three ways to fix high fees in bitcoin 0:55 Ethereum can do all of these three 1:23 How to fix high fees in Ethereum? 1:30 Sharding 1:49 Layer 2 technologies 2:06 Strategic perspective 4:16 These are not easy problems to solve This question is from the Patreon Q&A livestream, which took place on July 25th 2020. If you want early-access to talks and a chance to ask questions in the monthly live Q&As with Andreas, become a Community Builder on Patreon: https://www.patreon.com/aantonop Related Videos:  Unstoppable Code: The Difference Between Can't and Won't - https://youtu.be/Q6euy5W1js4 Ethereum Q&A: Gas and resource allocation - https://youtu.be/HwUJIGlHFes Learn more about becoming a Community Builder: https://patreon.com/aantonop  *** Socials, Books, & More ***  Website: https://aantonop.com  Twitter: https://twitter.com/aantonop  Facebook: https://www.facebook.com/AndreasMAntonopoulos Insta: https://www.instagram.com/amantonop/ LinkedIn: https://www.linkedin.com/company/aantonop/ Amazon Author: http://www.amazon.com/-/e/B00MVAG8Z8  Audible: https://www.audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8 Music: "Unbounded" by Orfan (https://twitter.com/grassfedbitcoin) Don't forget to SUBSCRIBE to this YouTube channel and select the bell ? for notifications.  Thanks for watching!