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Author Topic: Can't Wait For Ethereum 2.0  (Read 6954 times)

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Can't Wait For Ethereum 2.0
« on: September 23, 2020, 12:58:52 PM »
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???
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Can't Wait For Ethereum 2.0
« on: September 23, 2020, 12:58:52 PM »

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Offline bigcash2011

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Re: Can't Wait For Ethereum 2.0
« Reply #1 on: September 23, 2020, 01:58:37 PM »
Do not worry it will definitely resolve the current scalability issues atleast for next few years because sharding and resolution of the scalability issues is one of the main point of Eth 2.0.

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Re: Can't Wait For Ethereum 2.0
« Reply #2 on: September 23, 2020, 07:07:01 PM »
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???
Will the Ethereum 2.0 lead the other hype of crypto? Will, it really influences the price and its market development like what happens to the previous BTC halving? However, today's condition may be different. So, we do not need exactly high expect to get a very high price and get more profits. Just earn what we cane earn and also follow the market flows better.

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Re: Can't Wait For Ethereum 2.0
« Reply #3 on: September 24, 2020, 05:49:12 AM »
Buterin said that already at the first stage of Ethereum 2.0 implementation, ethereum's scalability will reach one thousands of transactions per second. In the next few years, the scalability in the ethereum network will reach one hundred thousand transactions per second. Increasing the bandwidth of the ethereum network is one of the main tasks of the upcoming improvements and they are already in the testing stage. So ethereum scalability should be fine.
« Last Edit: September 24, 2020, 05:55:53 AM by Senin »

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Re: Can't Wait For Ethereum 2.0
« Reply #4 on: September 24, 2020, 06:12:32 AM »
I think Ethereum 2.0 will not solve the latest problems that engulfing the Ethereum Network recently, we must admit that Eth 2.0 was designed to address the scalability issues and the migration from PoW to PoS so the monstrous transaction fees are not in the agenda thats why I'm not excited about it thats what I see the problem of High Transaction fees will remain.

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Re: Can't Wait For Ethereum 2.0
« Reply #5 on: September 24, 2020, 06:15:11 AM »
I hope that with the emergence of ethereum 2.0, it can be a solution to the high gas fees in ethereum 1.0, because so far many have complained about the high transfer costs. Not even worth the value of the coins to be sent.
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Re: Can't Wait For Ethereum 2.0
« Reply #6 on: September 24, 2020, 06:24:46 AM »
I hope that with the emergence of ethereum 2.0, it can be a solution to the high gas fees in ethereum 1.0, because so far many have complained about the high transfer costs. Not even worth the value of the coins to be sent.
We hope this problem will be resolved, eth 2.0 is the best solution for the high cost of gas to be cheap. so ethereum will still be the best choice for the new project. we can only wait
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Re: Can't Wait For Ethereum 2.0
« Reply #6 on: September 24, 2020, 06:24:46 AM »


Offline bubbalex

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Re: Can't Wait For Ethereum 2.0
« Reply #7 on: September 24, 2020, 11:21:04 AM »
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???
Will the Ethereum 2.0 lead the other hype of crypto? Will, it really influences the price and its market development like what happens to the previous BTC halving? However, today's condition may be different. So, we do not need exactly high expect to get a very high price and get more profits. Just earn what we cane earn and also follow the market flows better.
With the ETH 2.0 release price even can go down, but the real value will rise for sure. Currently ETH mining is very profitable due high gas fee, when it changes it may affect the price go down since all these miners can start to sell their earnings before dump and create this dump itself. There may be huge bugs as well, the main point of crypto is security, YAM token dumped to 0 after such a bug was found, of course ETH is much more trustworthy company, but they have some issues in their history too.

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Re: Can't Wait For Ethereum 2.0
« Reply #8 on: September 24, 2020, 12:01:57 PM »
ETH is a reliable platform. This is because the value of many tokens using ETH goes up well. There are many users who rely on eth, but the price will definitely go up after the release of ETH 2.0. But may be reduced. However, users will never want the price to go down. Then it may decrease a bit. Otherwise the price will go up.

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Re: Can't Wait For Ethereum 2.0
« Reply #9 on: September 24, 2020, 03:27:16 PM »
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???
Obviously Ethereum transaction fees hit the investors and traders because some investors and traders changing Ethereum trading platforms due to the Ethereum transaction high gas fees.

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Re: Can't Wait For Ethereum 2.0
« Reply #10 on: September 24, 2020, 03:35:57 PM »
We can wait for ethereum 2.0. This is because the value of eth will increase after the release of ethereum 2.0. I think it will cost more later. The original value may decrease after the release of ETH 2.0. So we must wait to get it. Its price may go down a bit. It will increase after the investor gives the sale. Then they will start selling.

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Re: Can't Wait For Ethereum 2.0
« Reply #11 on: September 24, 2020, 03:42:55 PM »
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???
Everybody wait and think that new ETH 2.0 can solve the problem but it may not the solve untill transaction fees reduce   

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Re: Can't Wait For Ethereum 2.0
« Reply #12 on: September 24, 2020, 04:00:06 PM »
Hello bro we already waited from severals months for Ethereum 2.0 platform but at tourcher of Ethereum high transactions gas fees investors Changing their trading and investment plans.
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Re: Can't Wait For Ethereum 2.0
« Reply #13 on: September 24, 2020, 04:58:28 PM »
+1 for your very interesting question, while most of the community is very optimistic about the future of ETH 2.0 despite some problems happened in the Testnet.

As you can see, transaction fees are pushed up by the limitation of the network's scalability compared to the huge demand of the community, thanks to DeFi :), so to reduce transaction costs then we need to calm investors down and increase the service speed of the Ethereum network, from 15tps to 15000 tps, or at least 150 tps :)
In addition to solutions developed by a number of supporting projects, one of the solutions is expected to have a positive impact on the scaling problem - Shardings. I hope Shardings will bring a good result for the entire Ethereum community, 1000-3000 tps is more than enough for us to be satisfied!

If the speed of the network does not increase, or the increase is not dramatic enough while the demand for transactions continues to soar, if transaction costs are still too expensive as they are, Ethereum will not die, at least according to my judgment. ETH 2.0 using POS will solve the security + mining problem, transaction speed can be the object of the update to ETH 3.0 :)
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Re: Can't Wait For Ethereum 2.0
« Reply #14 on: September 24, 2020, 08:58:07 PM »
Ethereum developers see that expensive transactions are now on the ethereum blockchain and I think they will do something to solve this problem, and the most important thing is that I hope to see Ethereum 2.0 as soon as possible, because we wait already too long.
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