Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: tonymillions84 on February 13, 2021, 09:50:09 PM
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Honestly, i am getting frustrated and furious with the high gas fees in the ethereum platforms. if something is not seriously done about it. Ethereum will definitely fall. i strongly believed this is the main reason why ethereum has not make any serious move above 2000usd. and untill that problem is been resolved, ethereum will not pass the 2000usd price mark.
i am asking here if there anyone with a concrete idea of when the long awaiting Ethereum 2.0 will kickoff.
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Maybe this article will help you
https://cointelegraph.com/news/when-will-ethereum-2-0-fully-launch-roadmap-promises-speed-but-history-says-otherwise
Many people and source say "December" but until now I don't see any changes
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Many people and source say "December" but until now I don't see any changes
You are right. There are no changes at all. Not sure if even Ethereum 2.0 will fix the current problem in gas fees. It is crazy if we look at the price of ETH gas now. I don't know why ETH gas can be like that. If it is not fixed soon, I doubt when we transfer a coin, the gas fee is more expensive than the value of the token to send itself.
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Ethereum miners are making a killing with this crazily high gas fees. They are taking the profit and capital of small investors away, making DEX unattractive for average traders. Heard that it was supposed to be this February but I don't even think that the immediate launch of ETH 2.0 will solve the issue because the migration is not going to be immediate but a gradual one provided this staking phase is successful.
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Many people and source say "December" but until now I don't see any changes
You are right. There are no changes at all. Not sure if even Ethereum 2.0 will fix the current problem in gas fees. It is crazy if we look at the price of ETH gas now. I don't know why ETH gas can be like that. If it is not fixed soon, I doubt when we transfer a coin, the gas fee is more expensive than the value of the token to send itself.
Yes, we all here for the same problem, Actually I don't care about Ethereum 2.0. Or in the future will come Ethereum 3.0, 4.0, or whatever. If Ethereum doesn't fix their problem regarding gas fee I will leave it
We need to move on to financial freedom and Ethereum don't provide it. Our freedom is plundered because of high gas fee
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I understand that all of us who are somehow involved with Ethereum and the many projects using it are all kind of frustrated and disappointed with the slow developments surrounding the supposed "savior of high fees" Ethereum 2.0 rollout. As of now, nothing significant has changed and in fact the gas fees are even rising some more. I for one is not able to move some of my tokens because the high fees almost gobble up any possible profits...what a big shame. Ethereum is slowly becoming like an elephant in the room. And it is time that we should send this strong message of disgust to people behind Ethereum.
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Ethereum 2.0 was officially launched on December 1st of last year and we saw the formation of a group of validators that will participate in the update of the ethereum network. However, the Ethereum team and Vitalik Buterin do not yet sufficiently inform the cryptocurrency market participants about the progress of the update of this coin and at least about the approximate timing and stages of this update. With this uncertainty and serious problems with high transaction fees, frustration and frustration with this state of affairs will only grow.
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Already the first stage of Ethereum 2.0 was launched in 2020, but it is not known when the stage that will solve the gas problem will be launched, perhaps it will be this year or next year, or even in a couple of years, and you should not expect it to happen this year, because the developers of Ethereum are not worried at all that the price of gas has only been growing for a couple of years.
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Dont know when ethereum 2.0 will fully work and whether it is able to somehow reduce gas prices in this network, but so far the commissions are simply extortionate, they kill all small investors, since only large market players are able to pay $ 80-150 per transaction , and they continue to grow with the price of eth. I read somewhere that Buterin discussed with someone the problem of high commissions, but it’s hard to say what this discussion will give. So the market is run by big whales, and we can only wait for better times.
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The same question that I've been asking myself for weeks. When?. I have read many articles and in none have I obtained precise information about when Ethereum 2.0 will be released. In some it said that in December 2020, in others that in February... But for now nothing, I'll keep looking to see if I'm lucky and the information is correct.
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Honestly, i am getting frustrated and furious with the high gas fees in the ethereum platforms. if something is not seriously done about it. Ethereum will definitely fall. i strongly believed this is the main reason why ethereum has not make any serious move above 2000usd. and untill that problem is been resolved, ethereum will not pass the 2000usd price mark.
i am asking here if there anyone with a concrete idea of when the long awaiting Ethereum 2.0 will kickoff.
I do agree with you that Ethereum would be usable if they allow the price to go beyond $2k, why do I need to pay $150 for $100 transaction. If there is no clear path to when this Ethereum 2.0 would be launched then I expect, Ethereum not to be relevant again in a year's time because people and developers would have moved to another protocol and there are many of them out there now, Solano, Polkadot, Binance chain, Avalanche etc
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Development of Ethereum 2.0 is very difficult and Devs don't know itself, when it will be launched. News sites have estimates where Vitalik gave a date but I don't know if we can trust it. Most likely it will be delayed again.
Here is some source where Vitalik said 2 years:
https://www.crypto-news-flash.com/ethereum-2-0-rollout-will-take-2-years-negative-impact-on-price/ (https://www.crypto-news-flash.com/ethereum-2-0-rollout-will-take-2-years-negative-impact-on-price/)
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Perhaps the Ethereum #DevelopmentTeam will surprise us in the near future and release an update that will make fees cheap. Perhaps this is not as quick to do as many people want. :(
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I think the gas fee is not the problem of ethereum but the 2.0 itself. It is because of taking it too long to be released while competitors like eos or tron are taking it as an advantage.
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As we already know, Ethereum 2.0 is not fully operational because it still requires several stages, the tokens and ether that we have are still on the same network and have not been connected to the BC network, if the two networks are parallel then we can see low gas costs.
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Are we going to say that the Ethereum team does not know about this situation of high gas transaction fees, they know. The ETH miners are taking advantage of this situation. If this is not rectified sooner, the interest on participating in bounty campaigns will die off, and that would possibly affect new and upcoming ERC projects.
Perhaps the Ethereum #DevelopmentTeam will surprise us in the near future and release an update that will make fees cheap. Perhaps this is not as quick to do as many people want. :(
Perhaps its really not as easy as we think it would be, but this price in transaction fee came up in this bull run. Before now, the transaction fee was ok, where anyone can move his/her token anytime without being bordered about the fee to be paid, but now, you'll have to calculate the transaction fee and the price of token you're sending out before you commence. This is really not fair, something has to be done about this.
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Everyone is frustrated not only you with the increase of gas fees. Sometimes it reaches more than $50 which in unbearable for most of users of Ethereum network but we should bear in mind that we have nothing to do other than wait for fully launch which may take more than one year. Already beacon chain launched, step by step all three phases needs to complete and after successfully completion, they will stop old version and deploy new version after final testing, then we can get solution. Until then, we have to wait.
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ETH2.0 launching is a great idea and with this the transaction is fast and we will send and receive the coins in a short time and i hope more wallets are also updates soon.
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Everyone is frustrated not only you with the increase of gas fees. Sometimes it reaches more than $50 which in unbearable for most of users of Ethereum network but we should bear in mind that we have nothing to do other than wait for fully launch which may take more than one year. Already beacon chain launched, step by step all three phases needs to complete and after successfully completion, they will stop old version and deploy new version after final testing, then we can get solution. Until then, we have to wait.
Yes, I see. Every one is frustrating now, because the increase of gas fee. I personally one of them. I cannot to do trading and still holding my coin now, because gas fee is so high..I hope Ethereum 2.0 will solve this problem, but not yet
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ETH2.0 launching is a great idea and with this the transaction is fast and we will send and receive the coins in a short time and i hope more wallets are also updates soon.
Hopefully, the launch of Ethereum 2.0 can provide significant changes to Ethereum transaction fees. Due to the high cost of Ethereum Transactions it has frustrated many people.
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We still do not know the date of Ethereum 2.0 launch, but every day we get to know new details about its implementation through exchanges. A few minutes ago this news appeared and talks about the details that the new launch will have on Coinbase. Here I leave the link in case you want to read it:
Coinbase opens waitlist for Ethereum 2.0 staking: https://www.coindesk.com/coinbase-ethereum-2-0-staking-waitlist
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Now I don't know any exact information about Ethereum 2.0 technology when this technology will come to the market successfully. But if this technology launches properly in the market, I think the Ethereum platform Cryptocurrency will go one step further. Hopefully the technology will come to market soon.
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As in the article in coinspeaker https://www.coinspeaker.com/developers-ethereum-2-launch/
ETH 2.0 will launch in July this is worrisome news when it comes for all those projects relying on gas to conduct transactions it will to etherums perill bring users to other competetive chains.
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With the emergence of ethereum 2.0, I myself have a lot of hopes that there will be something new and big changes for the better. But it was just normal, not as good as I thought, and I was quite disappointed by this.
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With the emergence of ethereum 2.0, I myself have a lot of hopes that there will be something new and big changes for the better. But it was just normal, not as good as I thought, and I was quite disappointed by this.
Keep calm mate, I think Ethereum 2.0 launched has not completely yet. We should wait for several months again. I always believed Ethereum 2.0 will solve the gas problem.. Hopefully soon
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With the emergence of ethereum 2.0, I myself have a lot of hopes that there will be something new and big changes for the better. But it was just normal, not as good as I thought, and I was quite disappointed by this.
Keep calm mate, I think Ethereum 2.0 launched has not completely yet. We should wait for several months again. I always believed Ethereum 2.0 will solve the gas problem.. Hopefully soon
It will take a very long time to fully see the benefits of the Ethereum 2.0 upgrade. Vitaly Buterin has repeatedly said that the Ethereum 2.0 update will be implemented gradually. To date, only the first phases of the update have been completed, which radically affects the network bandwidth in a different way, But the demand for the platform is very high and the network load is also very high, which practically makes the changes invisible for this period.