Can't Wait For Ethereum 2.0

[elbans89]

Everyone including myself is waiting for ethereum 2.0 to be released, hoping it's release will solve some issues that's been troubling ethereum for some time now which one of the common issues is that of the high transaction fee.

But then, am not trying to Bring negativity here but this thought just came in mind.

What if the release of ETH 2.0 doesn't solve the high transaction fee issue, will this mean the death of ethereum???

Maybe if the release of ETH 2.0 doesn't solve the high transaction fee issue, It make Ethereum will loss popularity and the projects will migrate to other smart contract platform.

[owlest]

I think slowly but surely, ethereum 2.0 is still running and it's already starting to be seen from the cost of ethereum gas which in my opinion has started to improve and provides a fairly low cost, but when the price of ethereum goes up, hopefully gas costs won't go up too.

I would not say that the cost of gas on the Ethereum network is falling. And if it falls, it is still very far from the optimal one. We see more and more migration to the networks of competitors. I am more interested in when everything will work out with the commissions, will there be a migration back?

[Seerge]

Maybe if the release of ETH 2.0 doesn't solve the high transaction fee issue, It make Ethereum will loss popularity and the projects will migrate to other smart contract platform.

The classic problem of Ethereum is the high cost of ETH Gas. If Ethereum 2.0 is present and does not provide a solution to the high cost of ETH Gas then I think the long wait for Ethereum 2.0 will be in vain. I hope this ETH Gas Fee goes down as soon as Ethereum 2.0 is fully released.

[atjiat]

We have all heard about the Junca Cash Project, which is a multi-chain money transfer platform.  I am wondering how much the project could change if the JCC coin goes to the Ethereum blockchain.

[Evgenklm]

in fact, it is fundamentally important for me that they solve the problem with the commission, I spent $ 100 on two transactions on uniswap, and one of them was unsuccessful, where is this good? If the problem is not solved, I will forget about ethereum.

[shadowdio]

I also can't wait for ethereum 2.0 to release completely because you know we expected the gas fee will go down. Can't move my erc20 tokens to the exchange because of it. So hopefully it will happen soon.

[owlest]

I also can't wait for ethereum 2.0 to release completely because you know we expected the gas fee will go down. Can't move my erc20 tokens to the exchange because of it. So hopefully it will happen soon.

By the way, I also have a few tokens, the price of which is comparable to the current fees on the network. Therefore, I, too, like you, are waiting for it to decrease in order to get rid of these tokens, which are unlikely to already grow in price. The question is, how soon will Buterin and the team implement this?

[Anonylz]

Everyone including myself is waiting for ethereum 2.0 to be released, hoping it's release will solve some issues that's been troubling ethereum for some time now which one of the common issues is that of the high transaction fee.

But then, am not trying to Bring negativity here but this thought just came in mind.

What if the release of ETH 2.0 doesn't solve the high transaction fee issue, will this mean the death of ethereum???

I definitely think it will further downsides to the Ethereum Network. A lot of people just like you have been anticipating what the ETH 2.0 will bring and most importantly is the High transaction fees resolution and if this doesn't come through ETH 2.0, then there is going to be a major problem with the network but I believe this will be their core worries to resolve too.
 

[vitek146]

Ethereum 2.0 will involve sharding to drastically increase network bandwidth and reduce gas costs, making it cheaper to send Ethereum, tokens, and interact with smart contracts. There will be fundamental economic changes too, Ethereum 2.0 will allow supports to staking nodes and earn Ethereum as passive income. In many ways, Ethereum 2.0 is the combined effort of thousands of developers who worked for years. So we all expect a lot from 2.0, most of us use the solution to lower the transactions fees at eth network, it will be nice to see.

Ethereum 2.0 will be launched in 3 phases:

Phase 0- Beacon Chain
Phase 1- Shards
Phase 2- Execution

[smart_oa]

It's not one of the most awaited things. In back 2020 there was quite a hype about it and people were crazy about the speculation of ethereum price. But now there are other blockchains that has more hype in the market. Like Solana, avax, Matic etc is doing very good and its not impossible for one of them to compete eth.

[Gravatai]

It's not one of the most awaited things. In back 2020 there was quite a hype about it and people were crazy about the speculation of ethereum price. But now there are other blockchains that has more hype in the market. Like Solana, avax, Matic etc is doing very good and its not impossible for one of them to compete eth.

Yes, a lot of users are switching to Polygon, BSC, etc. So Ethereum 2.0 is no longer an expected event. I am more interested in when EOS will become more widespread and more popular than ETH.

[Zezari]

A very long update is taking place at the Ether, they have huge ideas for their project that will not look like anything. Probably when we wait for it, he will show what they are capable of.

[Frank Toves]

as much as we are waiting for ethereum 2.0, 2022 looks more promising for the Crypto community with the new waves of trend and innovations compiling to be fully integrated and manifested in the year, no matter what it is; fundamentals must be strong to pull up adequacy and one need to be fully informed about the emerging trend. I don't have to worry anyway, Bitay academy always keep me updated and educated. I believe every other exchange and crypto platform can emulate Bitay exchange in providing resources for easy trading and learning for it's users. Bitay has made me realize that the success or woes of the users doesn't affect the exchange in any positive or negative way. So setting up Bitay academy is to be reckoned actually. I look forward to the launch of Bitay coin, NFT, Bitay game and Bitay Visa card. Bitay is definitely going to be massive in 2022.

[Ghozrd]

Everyone including myself is waiting for ethereum 2.0 to be released, hoping it's release will solve some issues that's been troubling ethereum for some time now which one of the common issues is that of the high transaction fee.

But then, am not trying to Bring negativity here but this thought just came in mind.

What if the release of ETH 2.0 doesn't solve the high transaction fee issue, will this mean the death of ethereum???

Ethereum Altair is under development guys, you can see any updates here https://ethereum.org/en/eth2/

every time I see tweets from Vitalik and some of the other teams, but we need to be patient because merging the two blockchains and enabling the Beachon chain is not as easy as we thought, there are some things that need to be done and I'm sure by 2022 they will all be done.

[viki]

Yes, of course, the whole problem of ethereum is an expensive commission and something needs to be done about it. Moreover, now there are a lot of competitors who have very low fees for transfers, and this is a huge advantage.