Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: tonymillions84 on August 16, 2020, 04:52:03 PM
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A new circulating on telegram social media platform claimed that ethereum 2.0 testnet failed. due to bot reasons. expectations of ethereum bull raise was dependent on new ethereum 2.0 launch. regarding the failed situation, will this effect ethereum market price. there is a current surge on ethereum usage and holders are enjoying the massive bull run.
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I have heard of this, but as far as I know the error occurs due to the timing issue of clients inside the Ethereum network. This is not a huge problem and I think Ethereum's #DevelopmentTeam can completely fix it and ensure the Mainnet is launched stably and efficiently.
The current ETH price is also stable at $430, there is no sign of decline due to this information, which proves the value of Testnet remains the same. The crypto community has the right to trust Vitalik Buterin & his teammates.
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I don't think there is any thing to worry about here, the testnet was designed for this for them to be able to find out the any bugs in the system. I have a feeling the launch would be postponed till next year, this launch is very important to Ethreum and they must get this right so they need to take their time
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With or without Ethereum 2.0, the price will still surge as we approach the bull run. Whatever be the problem will surely be sorted out winner than expected. I don't see that affecting the price of ethereum especially with the trend of Defi projects.
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Why do we need to worry about this? It is still in testnet, right? Just wait for the next development and let's see what's happening. I think worrying about this and claim that Etehereum 2.0 failed, is too early. We are better to keep trading and investing in Ethereum as usual, don't need to change everything.
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NO. Don't worry about this situation. The improvement of Ethereum 2.0 is ongoing. So let the team make it finishes first before we claim anything. I think we are too afraid and expect too much on Ethereum 2.0. Personally, Ethereum 2.0 is a good thing but basically no significant change.
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With or without Ethereum 2.0, the price will still surge as we approach the bull run. Whatever be the problem will surely be sorted out winner than expected. I don't see that affecting the price of ethereum especially with the trend of Defi projects.
We see that the situation with the used ethereum network has become very complicated due to the sharply increased transaction fees. It makes sense to worry about this, since many new projects are now switching or choosing other platforms for this very reason. We need to implement the Ethereum 2.0 improvements as quickly as possible, which we have been expecting for a very long time.
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With or without Ethereum 2.0, the price will still surge as we approach the bull run. Whatever be the problem will surely be sorted out winner than expected. I don't see that affecting the price of ethereum especially with the trend of Defi projects.
We see that the situation with the used ethereum network has become very complicated due to the sharply increased transaction fees. It makes sense to worry about this, since many new projects are now switching or choosing other platforms for this very reason. We need to implement the Ethereum 2.0 improvements as quickly as possible, which we have been expecting for a very long time.
I totally agree with you, ethereum is loved by many and its the most efficient blockchain to build tokens for your project, i personally know that the #DevelopmentTeam won't allow it ethereum fail but it shouldnt take too long before they fix the issues ethereum is currently experiencing
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if the first try is a failure then they just need to relaunch. I don't think it would greatly damage the ethereum blockchain because of this failure. we'll as we see the price of eth in the market is stabilize in between $300 - $400 so no need to worry about.
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It is still testnet. It is so normal when something is tested and then failed, isn't it? That is why they need to make telnet in order to make everything run well at the launch. I think that it will not matter for eth holder for this case. Once we trust the team, it will be okay. just wait for them.
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Let's wait for an official announcement, if this info is true, be prepared for a huge dump of ETH, price has gone up a lot due to the possibility of ETH 2.0 this year, time to keep an eye in the official infos.
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I think it takes time ETH 2.0 to prove the technology, Tested is a trial period, whether it works or fails. I am sure the #DevelopmentTeam has found a solution to this problem, I am looking forward to developing the mainnet version of ETH 2.0
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Even though there are many who have put their hopes in ethereum 2.0. However, this news is quite disappointing. No wonder, of course, the ethereum price will decline soon.
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I'm really not too concerned with ethereum 2.0 if all there is no solution on fee-gas it was all pretty useless I always hope that if the gas price ethereum can remain stable and have a maximum level of gas that can be used ethereum 2.0 is actually must be a solution to problems ethereum because if no solution could be the future investors will switch to another platform.
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Although the price of Etherium has gone up since the launch of Etherium 2.0 Test Net, Etherium is now at a stage where it can be said that it is good or bad. The Ethereum transaction fee has been increased 100 times. This is failing various investors and traders.
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Although the price of Etherium has gone up since the launch of Etherium 2.0 Test Net, Etherium is now at a stage where it can be said that it is good or bad. The Ethereum transaction fee has been increased 100 times. This is failing various investors and traders.
Thats on testnet level mate. I understand that nothing can be perfect but when the start of eth 2.0 mainnet and staking, there is probability that certain position would change. We dont know the whales thinking about it. Also there is a related tech to avalanche being developed and could boost ethereum price, the rise of athereum a fork from avalanche network to all eth holders.
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In the current situation, anything issued by ethereum will not affect it at all because ethereum still seems to follow the movement of bitcoin. So as long as bitcoin is good and ethereum will be fine and no surprises will happen.
We are currently focused on increasing bitcoin which will clearly affect Ethereum and other altcoins.
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That's why she is a test network to test all kinds of situations and misunderstandings. It would be much worse if the malfunctions got out in the working version, and so the normal working moment. The developers will figure out the problem and fix everything.
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The improvements to the Ethereum network are now expected to be very big, so they are being prepared for a long time and with great precautions. Hackers were even offered to attack them for a fee and thus look for vulnerabilities. If any are found, these are normal work points and are subsequently eliminated. I don't see any problem with that.
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No Ethereum 2.0 platform don't failed. It will launch it platform may be june 2021.but I don't sure,,
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Testnet will not affect the value even before Ethereum price goes up and down. The failure is good motivation to make things right until the day of great success when it will be launch. Vitalik will not make things in a hurry but will make things progressive. Step by step progression is big factor to achieve the vision.
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That is really unfortunate for the growth of the Ethereum platform. But I know the developers would always bounce back and bump up the price
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Ethereum is a popular platform for erc20 tokens. There are many transactions on this platform. There are many investors. As a result it is considered as a popular currency. However, we are in a bit of a crisis this time. Because the gas fee has increased a lot. However, it would have been better to reduce the gas fee. We are all looking forward to ethereum 2.0.
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Everyone is hoping for something better with Ethereum 2.0. But I think ethereum will have some improvements after the eth 2.0 platform comes along. For example, the price of eth may go up and gas may go down. Further transactions may be easier. We all know that it will play a role in the economy. But there is no doubt that a valuable coin. Similarly, if the price increases, it will take place in the minds of investors.
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Ethereum 2.0 Test Net was a much better updates platform. But the downside was that the launch of 2.0 had increased its transactions so much that people were moving away from the platform. I like the updated version a lot but the transaction fee should have been much lower.
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A new circulating on telegram social media platform claimed that ethereum 2.0 testnet failed. due to bot reasons. expectations of ethereum bull raise was dependent on new ethereum 2.0 launch. regarding the failed situation, will this effect ethereum market price. there is a current surge on ethereum usage and holders are enjoying the massive bull run.
Do you have any references to this failure, I mean a reliable news source? If this news is true I hope it will not affect the price on the exchange, given the high transaction fees on the ethereum network now.
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ETH 2.0 will help raise the price of eth. Reduce Ethereum's gas fee. But we are the users until Etherium 2.0 comes. They are suffering a lot. Because the amount of gas fee has increased. I had a lot of problems doing a few transactions a few days ago. Because it cost a lot to transact my tokens.
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I don't know any updates news about Ethereum 2.0 testnet. But a news from a forum member Ethereum 2.0 platform will launch within the next Jun 2021.
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ERC-20 tokens are becoming popular in the market. The transaction amount of those tokens is increasing. This has led to an increase in ethereum gas fees. But many users have encountered problems. Because those who are interested in making new investments in the market, they need a fee to buy the tokens. It costs a lot to transfer from one wallet to another. As a result they are being harmed. Such incidents are hurting the newcomers. So it is important to change. So expect good results of ETH 2.0.
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No Ethereum 2.0 platform don't failed. It will launch it platform may be june 2021.but I don't sure,,
I have not yet heard the deadline for the Ethereum 2.0 improvements so late. We talked about October-November, then towards the end of the year, then at the beginning of the next. It seems that Buterin spoke in favor of their mandatory implementation this year. In any case, the Ethereum team understands that in the current situation with high transaction costs, it is better to do this as soon as possible.
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I don't think Ethereum 2.0 has been failed rather it is on testnet level. The developers of Ethereum will solve their internal problems and it is too early to say failed. I hope testnet 2.0 will happen in the next few months. We don't need to be worried about Ethereum but Ethereum network gas fees is a matter of concern still now.
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I don't think Ethereum 2.0 has been failed rather it is on testnet level. The developers of Ethereum will solve their internal problems and it is too early to say failed. I hope testnet 2.0 will happen in the next few months. We don't need to be worried about Ethereum but Ethereum network gas fees is a matter of concern still now.
I agree with you. We don't have to worry so much about Ethereum 2.0. Because I think the development of Ethereum is a lot of thinking. TestNet 2.0 will happen soon. However, after a while the gas fee will be less. I don't think it will do any harm if it fails. Development will think of further improvement.
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I don't think Ethereum 2.0 has been failed rather it is on testnet level. The developers of Ethereum will solve their internal problems and it is too early to say failed. I hope testnet 2.0 will happen in the next few months. We don't need to be worried about Ethereum but Ethereum network gas fees is a matter of concern still now.
Gas fee is the priority to solve in order to maintain ethereum good reputation because if this case continues it is possible that some investors will lose interest in Eth. The version 2.0 will be launch in favor with them and all eth users. As long as there are messing in Eth 2.0 system it will not be launch.
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Nothing should be said so soon. I don't think Ethereum 2.0 testnet has failed. Some time is needed. We have to wait. We will have to wait for some official announcements. Its development will definitely think of improvement, things that many users have already told you. So I think we should wait and see what happens next.
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There is nothing bad about it. As long as they keep their developing process ongoing we can expect something good from this project. I think it's just a drawback to make that project more bug-free and powerful. If they manage to fix all the problems then maybe we will have the final product in the next year.
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Nothing should be said so soon. I don't think Ethereum 2.0 testnet has failed. Some time is needed. We have to wait. We will have to wait for some official announcements. Its development will definitely think of improvement, things that many users have already told you. So I think we should wait and see what happens next.
indeed nothing can guarantee this new ethereum development but I am sure they will deliver a good performance and aim to make their users happy.