ETH2.0 is sure to be launched: Dec 01, 2020

[MrSpasybo]

Eth2’s beacon chain genesis has been confirmed for Dec. 1 following the transfer of 524,288 Ether (ETH) from 16,384 validators into the Eth2 deposit contract since it went live on Nov. 4.

Despite early concerns stemming from low staking participation, transfers to the deposit contract rapidly increased over the past day, with more than 200,000 ETH sent to the contract in the past 14 hours.

Ether sent to deposit contract over time: Dune Analytics


The deposit contract’s threshold was met with roughly nine hours to go until its deadline.

Article: Ethereum 2.0 confirmed for Dec. 1 launch just hours before deadline

Finally, we can be assured of the planned launch of ETH2.0. The Ethereum fan community did the miracle on the last day of Nov 24, 2020.
Congratulations to Vitalik Buterin & teammates. We are waiting to experience ETH2.0.

[hair]

We are waiting for the changes that will occur in Ethereum Network

In your opinion, will ETH 2.0 succeed in reducing the current high cost of gas?

[hushpupppy]

We are waiting for the changes that will occur in Ethereum Network

In your opinion, will ETH 2.0 succeed in reducing the current high cost of gas?

I suppose it is rumored that the etherum 2.0 will succeed in reducing the high cost of gas; but the most unreplied questions has not be answered; if eth 2.0 reduces the high cost of gas; what then happens to miners; is there some form or sorts of compensation that the eth 2.0 brings for them or its more ?

In my own opinion; i think more unraveling will occur as soon as eth 2.0 launches.

[wxxyrqa]

We are waiting for the changes that will occur in Ethereum Network

In your opinion, will ETH 2.0 succeed in reducing the current high cost of gas?

I suppose it is rumored that the etherum 2.0 will succeed in reducing the high cost of gas; but the most unreplied questions has not be answered; if eth 2.0 reduces the high cost of gas; what then happens to miners; is there some form or sorts of compensation that the eth 2.0 brings for them or its more ?

In my own opinion; i think more unraveling will occur as soon as eth 2.0 launches.

The fact is that Ethereum 2.0 will work according to the PoS algorithm, that is, each validator will receive a reward in the form of staking. But in any case, the only problem for today is to wait for the Ethereum 2.0 update and for the deposit contract to collect the required amount of Ethereum.

[MrSpasybo]

Hahaha, interesting question. My frined also asked: will ETH2.0 cause ETH price to drop
Here's my opinion: when ETH2.0 really goes live with POS and greater scalability, say 15,000 tps instead of 15tps, the market's transactional demand is 20,000 tps.
Currently: ETH1.0 15tps, the transaction price will be $10/transaction (example)
After this: ETH2.0 15Ktps, the transaction price will be $0.01/transaction (example).

But the number of transactions also increased, so the miner profit did not decrease. More precisely, this profit will go to staking forgers, because miners only exist in the POW blockchain.
Furthermore, since staking does not require investments in machinery, electricity, labor, transaction costs will be reduced further and the entire community will receive this value.

ETH price is only partially dependent on the cost of mining, its main driver is market demand. And I think when transaction speed & cost is solved, activity on Ethereum blockchain will explode, and so will the need to use & own ETH. Under this scenario, ETH price will continue to rise.

[Zed0X]

~ Finally, we can be assured of the planned launch of ETH2.0. The Ethereum fan community did the miracle on the last day of Nov 24, 2020.

I wouldn't call it a miracle. Stake participants/Validators sure took their sweet time because, as earlier said, there were no added benefits for joining the party early.

~ ETH price is only partially dependent on the cost of mining, its main driver is market demand. And I think when transaction speed & cost is solved, activity on Ethereum blockchain will explode, and so will the need to use & own ETH. Under this scenario, ETH price will continue to rise.

Great inputs there and I like that you mentioned market demand as the main driver. If I may add, let's also put into consideration security. I'm pretty sure attackers are always there waiting for opportunity. Any successful attack on the network will cause panic selling and it'll affect Ethereum's reputation badly.

[Raboni]

Finally, the long wait is over. The launch of eth 2.0 could make more miracle than what's happening now. The effect would be bull run. Haha. Then all altcoins will go with the flow. Time to have a good new year celebration to those who have investment.

[sky20]

Eth2’s beacon chain genesis has been confirmed for Dec. 1 following the transfer of 524,288 Ether (ETH) from 16,384 validators into the Eth2 deposit contract since it went live on Nov. 4.

Despite early concerns stemming from low staking participation, transfers to the deposit contract rapidly increased over the past day, with more than 200,000 ETH sent to the contract in the past 14 hours.

Ether sent to deposit contract over time: Dune Analytics


The deposit contract’s threshold was met with roughly nine hours to go until its deadline.

Article: Ethereum 2.0 confirmed for Dec. 1 launch just hours before deadline

Finally, we can be assured of the planned launch of ETH2.0. The Ethereum fan community did the miracle on the last day of Nov 24, 2020.
Congratulations to Vitalik Buterin & teammates. We are waiting to experience ETH2.0.

That's good news. Ethereum lover are waiting for that day. If it is implemented then crypto will get the new sprit. Ether price obviously increase there is no doubt about it. Just wait for some times.

[Astra]

Very good news regarding the timely launch of Ethereum 2.0 Phase 0, which is scheduled for December 1st.  I was worried about collecting ethereum on a deposit contract.  After all, otherwise the launch could be postponed at least at the beginning of January next year.  And this, in turn, would slow down the price growth of ethereum.  Now we expect to see the price of ethereum by the end of the year somewhere around $ 800.

[Istiak]

If any remaining critical issue has been solved then the date is final. I think many people more concerned about ETH network gas fees. It increased with the price of ETH. So many people expecting the gas price lowered by launching ETH 2.0. Hope this will be beyond our expectation.

[dragononcrypto]

It's pretty amazing to see the growth in the deposits, especially today with another 240K ETH deposited. Most people had lost faith of the beacon chain launching this year, and now we are less than 7 days away it's incredible! To think Ethereum has spent 5 years working towards this means a lot.

To think there is $420 million Ether locked up in this upgrade is impressive. If it were in the DeFi locked up market cap list, it'd be ranked no.11 

[bigcash2011]

Some people cannot believe that how fast over 520k eth are deposited into the eth 2.0 deposit contract but i think it was slow initially because many were not aware about it as soon as the message went across everyone went on board quickly anyways lets hope eth 2.0 will be game changer for us.

[dekafee79]

We are waiting for the changes that will occur in Ethereum Network

In your opinion, will ETH 2.0 succeed in reducing the current high cost of gas?

Wait and see mate, I see many people have believed ethereum 2.0 launch will solve the gas issue. But I don't think It will be.
We all don't know when Ethereum 2.0 launch and what advantages of it.

[MRM]

I don't know the exact details of the launch of Ethereum 2.0. However, I think the price of eth will increase a lot after it is launched. At present it is constantly increasing. Because people are always buying eth in a hurry. Because they want to benefit from the launch of eth 2.0. So I think they should all wait longer.

[bitbit97]

Isnt it that on December 1 only stacking program will officially start, but the whole release of Ethereum 2.0 is still postponed? That does not make sence then. They postponed 2.0 several times, but with raising enough eth they will release it? Raising enough cant be a reason to postpone.