Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: admin on July 20, 2020, 08:24:41 PM

Title: Do Deploying Contracts on Ethereum block chain, have a future ?
Post by: admin on July 20, 2020, 08:24:41 PM

A followup to the ETH high Gas fees: altcoinstalks.com/index.php?topic=161290.0

From the perspective of the previous post, this render any action on the blockchain pretty expensive, unless it is specifically transferring of eth.
Maybe contract interactions that deal with fintech companies might not be so influenced, but what about anything none fintech, like tracking, games, data .... if every interaction is costing in the 30+ Gwei, then there is no important future to the ethereum blockchain, organisations will not be ready to pay 0.40$++ for every interaction with a contract !

Title: Re: Do Deploying Contracts on Ethereum block chain, have a future ?
Post by: juv3ntus1 on July 22, 2020, 11:25:40 AM

Yes because the ethereum team are working to develop a major upgrade eth 2.0 who will bring gas fees back down to normal ,but will take a while ,the final public testnet for ETH 2.0 will be in 4 august and if everything is going well soon they will launch eth 2.0.