[ANN] Ethereum: Welcome to the Beginning - page 76.

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Quote from: hd49728 on August 11, 2020, 08:22:47 AM

Now the crazy thing is you have to wait too long to get confirmation even you use 70 Gwei as fee for your transaction. It can be stucked for hours. Ethereum network was improved after the terrible congestion in 2017 by CryptoKitties and later FOMO ICOs but now with the FOMO DeFi, Ethereum network has another technical problem to solve. Fees are high and network congested again. I don't think it will be cooled down soon because now people are in FOMO with DeFi.

Eth is now back into very busy days because of these DeFi projects. Crypto users should be vigilant with crap DeFi projects as scammers are using it as a playground of their new cheating scheme. Maybe after a year or so, we will see how many of that will continue to serve the DeFi community. And I guess, only few of them will survived.

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Now the crazy thing is you have to wait too long to get confirmation even you use 70 Gwei as fee for your transaction. It can be stucked for hours. Ethereum network was improved after the terrible congestion in 2017 by CryptoKitties and later FOMO ICOs but now with the FOMO DeFi, Ethereum network has another technical problem to solve. Fees are high and network congested again. I don't think it will be cooled down soon because now people are in FOMO with DeFi.

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Can't wait for scaling solution, the fees are getting crazy.

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Quote from: JollyGood on August 11, 2020, 04:25:25 AM

That is the whole point, it is all about "ifs" and "whens", people are getting excited over nothing. Nothing has happened yet, just announcements and more tweeting...

Quote from: dishku on August 11, 2020, 03:05:48 AM

We can expect anything from Ethereum it is familiar for postponed but they are very confident this time so hopefully it will happen on time according to the plan. ETH is leading the DEFI ecosystem at the moment so let's see how they will manage this to make this release smooth.

probably because the readiness is not really enough for ETH to release it so it has to postpone, but it's true what you say too many tweets about it, but it hasn't really worked until now

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That is the whole point, it is all about "ifs" and "whens", people are getting excited over nothing. Nothing has happened yet, just announcements and more tweeting...

Quote from: dishku on August 11, 2020, 03:05:48 AM

We can expect anything from Ethereum it is familiar for postponed but they are very confident this time so hopefully it will happen on time according to the plan. ETH is leading the DEFI ecosystem at the moment so let's see how they will manage this to make this release smooth.

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Quote from: JollyGood on August 10, 2020, 04:44:17 PM

It would not be surprising at all if the date was postponed and delayed again. It is something that many people are expecting to happen anyway.

Quote from: zasad@ on August 10, 2020, 07:04:57 AM

https://twitter.com/MessariCrypto/status/1290680725486829568

"A November launch date for Phase 0 is becoming more realistic, which would be yet another catalyst in what has been a red hot year for $ETH as of late."

Vitalik Buterin's wallets
https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b
https://etherscan.io/address/0x1db3439a222c519ab44bb1144fc28167b4fa6ee6

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We can expect anything from Ethereum it is familiar for postponed but they are very confident this time so hopefully it will happen on time according to the plan. ETH is leading the DEFI ecosystem at the moment so let's see how they will manage this to make this release smooth.

JollyGood

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It would not be surprising at all if the date was postponed and delayed again. It is something that many people are expecting to happen anyway.

Quote from: zasad@ on August 10, 2020, 07:04:57 AM

https://twitter.com/MessariCrypto/status/1290680725486829568

"A November launch date for Phase 0 is becoming more realistic, which would be yet another catalyst in what has been a red hot year for $ETH as of late."

Vitalik Buterin's wallets
https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b
https://etherscan.io/address/0x1db3439a222c519ab44bb1144fc28167b4fa6ee6

Vitalik Buterin loves the number 3 very much

zasad@

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https://twitter.com/MessariCrypto/status/1290680725486829568

"A November launch date for Phase 0 is becoming more realistic, which would be yet another catalyst in what has been a red hot year for $ETH as of late."

Vitalik Buterin's wallets
https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b
https://etherscan.io/address/0x1db3439a222c519ab44bb1144fc28167b4fa6ee6

Vitalik Buterin loves the number 3 very much

Sy

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Coke One North America Services (CONA), owned by the major Coca Cola bottling companies, is to try out the Baseline Protocol, a public Ethereum blockchain technology targeted at enterprise use cases.

https://ledgerinsights.com/coca-cola-bottlers-coke-blockchain-ethereum-baseline/

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It is all up in the air right now. Nobody knows for sure what is going on and what will happen with tx fees or anything else. Running actual scenarios on the testnet will give an indication of what to expect but in reality the only way to know will be when using the live net. All predictions and estimates mean nothing at this stage.

Quote from: zasad@ on August 05, 2020, 07:18:44 AM

Quote from: Sy on August 05, 2020, 01:09:48 AM

I was just wondering if it is 100% sure that once ETH 2.0 is launched the gas fees will drastically come down? For last week's gas fee was varying between 35-104 what do guys think the fees will be once they launch mainnet.

How will the gas price be reduced?
If the launch is successful, then the demand for the coin will increase, its price will rise and the cost of gas will only grow.
This will continue until the ETH2.0 network supports payments and smart contracts.
In the meantime, we need to wait for news on the completion of the testnet, it may take several months.

Sy

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Quote from: zasad@ on August 06, 2020, 04:26:47 AM

Quote from: Sy on August 06, 2020, 01:16:04 AM

Quote from: zasad@ on August 05, 2020, 07:18:44 AM

Quote from: Sy on August 05, 2020, 01:09:48 AM

I was just wondering if it is 100% sure that once ETH 2.0 is launched the gas fees will drastically come down? For last week's gas fee was varying between 35-104 what do guys think the fees will be once they launch mainnet.

How will the gas price be reduced?
If the launch is successful, then the demand for the coin will increase, its price will rise and the cost of gas will only grow.
This will continue until the ETH2.0 network supports payments and smart contracts.
In the meantime, we need to wait for news on the completion of the testnet, it may take several months.

Wasn't one of the main goals for 2.0 was to make the network more scalable which will mean the network won't be clogged any anymore which will mean that transactions with lower gas fees will easily go through? I was talking about when 2.0 is fully launched after phase 2 or 3.

Phase 3 doesn't exist

You are absolutely correct that one of the main goals is network scalability. And this should happen at the start of phase 2.
I saw different predictions and interviews on this topic, but after what happened with the launch of phase 0, it all lost its relevance.
The most optimistic forecast between the launch of phase 0 and phase 2 is one year, and the pessimistic one is 2-3 years.

Guess then for the time being we will have to keep paying high transaction fees on ETH but, paying them for a year is a lot if you ask me hopefully in between they will do something that will make the network bit more scalable.

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Quote from: Sy on August 06, 2020, 01:16:04 AM

Quote from: zasad@ on August 05, 2020, 07:18:44 AM

Quote from: Sy on August 05, 2020, 01:09:48 AM

I was just wondering if it is 100% sure that once ETH 2.0 is launched the gas fees will drastically come down? For last week's gas fee was varying between 35-104 what do guys think the fees will be once they launch mainnet.

How will the gas price be reduced?
If the launch is successful, then the demand for the coin will increase, its price will rise and the cost of gas will only grow.
This will continue until the ETH2.0 network supports payments and smart contracts.
In the meantime, we need to wait for news on the completion of the testnet, it may take several months.

Wasn't one of the main goals for 2.0 was to make the network more scalable which will mean the network won't be clogged any anymore which will mean that transactions with lower gas fees will easily go through? I was talking about when 2.0 is fully launched after phase 2 or 3.

Phase 3 doesn't exist

You are absolutely correct that one of the main goals is network scalability. And this should happen at the start of phase 2.
I saw different predictions and interviews on this topic, but after what happened with the launch of phase 0, it all lost its relevance.
The most optimistic forecast between the launch of phase 0 and phase 2 is one year, and the pessimistic one is 2-3 years.

Sy

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Quote from: zasad@ on August 05, 2020, 07:18:44 AM

Quote from: Sy on August 05, 2020, 01:09:48 AM

I was just wondering if it is 100% sure that once ETH 2.0 is launched the gas fees will drastically come down? For last week's gas fee was varying between 35-104 what do guys think the fees will be once they launch mainnet.

How will the gas price be reduced?
If the launch is successful, then the demand for the coin will increase, its price will rise and the cost of gas will only grow.
This will continue until the ETH2.0 network supports payments and smart contracts.
In the meantime, we need to wait for news on the completion of the testnet, it may take several months.

Wasn't one of the main goals for 2.0 was to make the network more scalable which will mean the network won't be clogged any anymore which will mean that transactions with lower gas fees will easily go through? I was talking about when 2.0 is fully launched after phase 2 or 3.

zasad@

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Quote from: indika on August 05, 2020, 07:55:04 AM

i want send 1 eth to polo from my nano s so how much will i have to pay as gas fee i heard its transaction fee was increased

https://ethgasstation.info/calculatorTxV.php
https://etherscan.io/chart/gasprice

Read it:
https://bitcointalksearch.org/topic/m.54694530

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i want send 1 eth to polo from my nano s so how much will i have to pay as gas fee i heard its transaction fee was increased

zasad@

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Quote from: Sy on August 05, 2020, 01:09:48 AM

I was just wondering if it is 100% sure that once ETH 2.0 is launched the gas fees will drastically come down? For last week's gas fee was varying between 35-104 what do guys think the fees will be once they launch mainnet.

How will the gas price be reduced?
If the launch is successful, then the demand for the coin will increase, its price will rise and the cost of gas will only grow.
This will continue until the ETH2.0 network supports payments and smart contracts.
In the meantime, we need to wait for news on the completion of the testnet, it may take several months.

JollyGood

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Lots of people post here for a variety of reasons, most include either posting for signature campaigns or for promoting their own websites but at least they should check relevant information to make their post valid.

Quote from: dishku on August 04, 2020, 03:49:53 AM

Quote from: nimogsm on August 03, 2020, 06:25:00 PM

Quote from: Mrpumperitis on August 03, 2020, 08:50:59 AM

https://coinmarketcap.com/tr/headlines/signals/ankr-will-support-ethereum-2-0/

Published on July 16.
so-so news, and it's already two weeks old.
"We are proud to announce that we will provide staking services and one-click node deployment for Ethereum 2.0 on our cloud platform."

Maybe this guy want to bump this thread even it old news or he didn't check this carefully. I also read this one few weeks ago but it is old trick to get attention for any project by advertising in the main thread.

Sy

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I was just wondering if it is 100% sure that once ETH 2.0 is launched the gas fees will drastically come down? For last week's gas fee was varying between 35-104 what do guys think the fees will be once they launch mainnet.

JollyGood

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Do you still doubt the functionality of ETH 2.0 will be a disaster?

Quote from: Piston Honda on August 03, 2020, 09:47:44 PM

can you guys make my HALO PLATFORM shitcoin bag go up when they switch over to an ERC20 like everything else? LOL

pllllleeeeeeeeeeeeeeeaaaaaaaaaaaassssssssssssssssssssseeeeeee

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Quote from: zasad@ on August 04, 2020, 11:39:41 AM

Cheer!

https://twitter.com/etherchain_org/status/1290633751593181186?

"The first block on the ETH2.0 Testnet "Medalla" has been proposed!🏅
This will be the last Testnet before mainnet release.

Follow the chain on https://beaconcha.in/blocks "

That is historic day for Ethereum it will get more adoption after this successful launch of testnet and it will bring more value in future. I am very excited with this launch of ETH2.0 Testnet very soon it will push it towards the next ATH.

Topic: [ANN] Ethereum: Welcome to the Beginning - page 76. (Read 2006044 times)