Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: tonymillions84 on February 09, 2021, 11:35:33 PM
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Remour had it that Ethereum 2.0 has been launched and it is believed that it will resolved the issue surrounding the ethereum gas fees. i am of the opinion that if the current gas fees are been resolved, many project will rush back to ethereum and we will back to square one. it might even be worst. what do you guys think.
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There are many possibilities that will happen.
- When the beacon chain block is open, the process inside the beacon chain network block will be broken again by the sharding chain.
-Once that is done successfully then we will see the beacon chain and ethereum 0 blockchain combined as if there is a bridge connecting the two.
Here, we will look at some of the risks to worry about, if the successful team does it then we can still do and see the same number of tokens, and nothing has changed from what we have seen before.
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ETH2.0 is not solved the fee issue the fee is high still but i hope in future it will solved and we can send our coins in a low fee and the transaction is fast of the ETH2.0 then before now.
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Ethereum's gas free has caused major problems. As a result many projects have started to change the ethereum platform just for the extra gas. Many speculated that Ethereum 2.0 might solve the gas-free problem. But it has not yet become possible. I don't understand what will happen to the Ethereum platform in the future if the gas fee problem is not solved.
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I really hope ethereum gas will go down soon because it will make it easier for me to trade on uniswap. For now I have stopped trading at Uniswap due to high ethereum gas
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~ i am of the opinion that if the current gas fees are been resolved, many project will rush back to ethereum and we will back to square one. it might even be worst. what do you guys think.
Scalability is the main promise of ethereum 2.0 with its high TPS.
Whether or not projects who transitioned from erc-20 to bep-20 or other blockchains with smart contracts will depend not only on the success of eth2. Platforms like BSC, Polkadot, and Cardano could eclipse what the ethereum upgrade can bring.
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Remour had it that Ethereum 2.0 has been launched and it is believed that it will resolved the issue surrounding the ethereum gas fees. i am of the opinion that if the current gas fees are been resolved, many project will rush back to ethereum and we will back to square one. it might even be worst. what do you guys think.
I don't think so. All I can say 2.0 is a bit late because Binance smart contract has already positioned and with it I can see that it is the greatest rival of ethereum blockchain. This will make BNB more valuable that will hype the price of coin.
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Frankly ETH 2.0 has not done any good to the ethereum network, its clearly like the launch even worsen the fee situation of the ethereum blockchain. Ethereum is huge right now with so many successful project being powered by it technology but however the fee situation will gradually affect ethereum negatively if nothing is done on time about it.
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Remour had it that Ethereum 2.0 has been launched and it is believed that it will resolved the issue surrounding the ethereum gas fees. i am of the opinion that if the current gas fees are been resolved, many project will rush back to ethereum and we will back to square one. it might even be worst. what do you guys think.
Yes because it appears the crypto community is easily influenced and led by the nose, it almost as if those developers don't have a mind of their own, how can we have several competitors yet they only fixated in the ethereum network, it is about time they try something else, choose from the many alternatives we have around.
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Do you mean that if the issue of high transaction costs is solved, will the ETH price go down?
Maybe this will actually happen, but it is only for a short time when many people feel there is no need to hold ETH as a transaction fee.
However, soon after, as Ethereum's scalability increases, for example 15K tps instead of 15 tps as it is now, activity in the Ethereum network will increase, the number of users in DeFi applications on Ethereum increasing, the need to own and use Ethereum will also increase, Ethereum will continue to be the best blockchain platform, ETH will be the most worthy altcoin. The buying pressure of ETH will be maintained and the price of ETH will continue to soar. Besides, if EIP-1559 is applied, a part of gas will be burned to increase the scarcity, ETH price is even predicted to reach $20K.
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Ethereum's gas problem will still be resolved in the near future, because it could go on for so long. If the commission is not reduced, then all projects will actually start leaving Ethereum.
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I don't think ethereum 2.0 will solve the high gas fee problem. We will see if ETH will include the gas fee problem or not. So far because of ETH unfriendly gas fee there are a lot of users raise their concerns to make it profitable. However, the problem become worst than before. I hope the fee will become low for the good of all.
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The way Ethereum's transaction free has increased at present, we are not able to do any transaction now. When it comes to transactions, it is seen that the amount of gas free is twice as much as the amount of money we will transact Sits than. But if ETH 2.0 technology launches well in the market, then I think Ethereum's gas free will go a long way.
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I don't think ethereum 2.0 will solve the high gas fee problem. We will see if ETH will include the gas fee problem or not. So far because of ETH unfriendly gas fee there are a lot of users raise their concerns to make it profitable. However, the problem become worst than before. I hope the fee will become low for the good of all.
Ethereum 2.0 will definitely solve the problem of high gas prices, but it won't be soon. There is nothing to be done: ethereum 2.0 is a comprehensive upgrade of the ethereum network and it will happen in stages. So far, we are not even told about the timing when the gas level for transactions will fall to acceptable values. This is not a very good situation, but for now you need to be patient and not make small transactions.
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If etherum 2.0 is launched and can solve the problem of gas prices that is what has been waiting for so far, if the gas price returns to the way it used to be, many projects will appear and this is very good because it can enliven the crypto world, I hope gas prices return to what they used to be which is very cheap.
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If that is true that Eth 2.0 can solve the gas fee then why ethereum dev make it too long to wait. I think the gas fee now is devastating for small traders. I hope the ethereum 2.0 will begin its purpose so that everybody will become satisfied by using ethereum blockchain. I hope that is true so we can save money for gas fee.
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ETH 2.0 will have an unprecedented effect on the whole market structure bringing super cheap and fast transactions across the whole range of products I believe not being the only one super excited in this regard
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I myself am quite disappointed because currently ethereum 2.0 has appeared and there has not been any significant change regarding gas fees. This is very unsettling because gas fees are the most important thing in crypto investing.
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And sadly for etherum is loosing a lot users due to high gas fees and the instititutional money is driving price of eth higher and higher and little can be done about it how shamefull
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Currently high gas fees are a big problem for Ethereum. Many of us had the idea that if ETH 2.0 was implemented we would be free from the high gas fees of Ethereum; But so far we are not getting that kind of opportunity. Many projects are considering alternatives to etherium because of the high gas fees; Many projects have stopped paying Hunters, waiting to see when gas fees will drop. However I am still hopeful that with the effectiveness of ETH 2.0 we will get rid of this very soon.
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I don't know that is that true Ethereum 2.0 already launched?? Because I don't see any effect, on their platform. Now we must spend more money on a single transaction
Because the Ethereum community is so big, this is worth it if we trade it on the exchanges, but withdraw to our wallet (for the long term).
I mean long term should in the wallet, not in exchanges. it just throws our money
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I don't see any significant effect from ETH 2.0. Especially on the gas fee, it is even getting worse. I don't know why it is likely Vitalik Butterin not really care about the current happening on the gas fee. On the other hand, I don't see a significant difference between the previous edition and the new edition of ETH (2.0). Still not understand what's make them different.
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I really thought that eth 2.0 will solve this gas fee problem but nothing, this problem is still happening almost $10 for single transaction. I can not move my tokens in exchange because of the high fee, this is really insane.