Topic: Discussion about ETH - page 2. (Read 396 times)

ETH blockchain needs to solve fees for any means necessary. It ruins everything, buyer know that. Everything else is going on well ,like WEB3 and blockchain network altcoins. 

the ERC20 is just implementation, whether its gonna be misused for spamming is up to the people honestly they are at no fault when it comes to their blockchain being bloated, but now that the fee has been relatively high it seems the amount of spam token are reducing by significant amount, after all it takes few hundred dollars sometimes to just deploy some token.
but regardless though, eventually they would find the solutions towards all these problems even though many are quite pessimistic in that regard.
i'd say, ethereum is taking the right path. the implementation of the side chains nowadays have been quite lifted some of the burden that ethereum have.
the current main reason why the gas fee still high is because the coin itself already valued so high.

Name one super successful coin who is PoS,yes you guessed it right,there is none.The reason being that by PoS only stake holders validate transactions which means that a bunch of gangs control everything that happens with the network and as OP said there is no justice at all,they can manipulate the coin to their desire and do whatever they like without coming into question,this means that since ETH moved to such realm,its success has been limited and it will be further limited with the passing of time,there is nothing good coming from a centralized way of managing things which PoS is.

Ethereum's main network has some systemic issues that make users feel uncomfortable using its main network. Ethereum's main network problem is excessive transaction fees. Users generally avoid this network due to high transaction fees. If the version 2 of the Ethereum network can be successfully brought to the market, the popularity of this coin and the volume of transactions from this platform will increase a lot. The version 2 network should ensure more security of Ethereum along with reducing network fees. Ethereum can be considered as the second most popular coin in terms of popularity, so if they can improve their network more then this coin will increase in popularity.

ETH become worse when the block is on ghost chain. we not sure when secure. ETH worse than old one. For security is low. why they remove RPC. since the RPC keep hacker or or third party attack it.

From my own understanding, layer-2 networks are friends of Ethereum.
Let's admit, stability is the issue that we have on Ethereum, high transaction fees and not friendly for small fund users.
Here come Layer-2 networks, which solve the stability problem of Ethereum but on a separate network.

I am also curious what if later on or in the future, Ethereum will manage to solve the stability issue of it, do we still need layer-2 networks?

Ethereum made a mess after starting the ERC20 project. It became bloated and they cannot control the sudden high transaction fees and the volume when it comes to sending them from one to another wallet.
I don't think POS is the solution to the problem but they still did it just to loosen that big issue on heavy traffic and expensive fees. What is next makes me wonder because there's just a tiny change after they did it.
Some say it will take time but I doubt that.
If you are looking for the best solution then go Bitcoin, if it's only the cheap fees and speed that you are looking for.
In regards to other projects, well XRP could also be one choice but only for that target.

if what you meant by tax is gas fee than I think thats not really low, it still takes quite amount of money for just executing simple swapping.
the point and reason why L2 exists is because they are just giving a way to take some of the transaction off the ethereum chain, process it outside and then give the information back in batches.
added with the fact that some L2 might have their own implementation that innovates a little.
overall I think L2 is quite good idea in mitigating too much traffic in ethereum, you will see its function once ethereum gets clogged again in upcoming bullish season.

There's one inherent issue that both Bitcoin and ETH suffer and that's the inability to scale the networks when the demand for computing resources peaks. ETH thought it could solve this problem but it's an ongoing problem that is yet to be fixed (the blockchain trilemma). L2 are simply scaling ideas that are yet to make a huge statement.

For other altcoins, the best bet over the years has been getting newer tokens which are hyped as the next best thing and dump it when it has gotten to peak price.

ETH is able to build a strong foundation and that’s why even if the network fee is expensive, many projects still eyeing to work under the ETH network for some reason. You can look for LTC for a cheaper network since its also a good coin the only problem is that, only few projects under this network and if you are looking for an ETH project right now, you have no other choice but to deal with those fees.

L2 can take lots of stress from the mainnet. Imagne all that traffic happening in L2 these days to move into L1. It would break the system instantly and fees would be astronomical. I am counting in nfts, countless De-Fi protocols etc. And i understand where you are coming from and layer 1 will be way more efficient then ever before, but even when it scales, i wouldn't move all "unnecessary" traffic to L1. It's important that L1 stays as simple and light in code as possible so it doesn't break easily. Heavy lifting can happen in L2.

Many investors keep mentioning that the problems with commissions did not disappear after the transition to PoS. But no one ever said that changing the consensus itself would fix the problem. The commission problem in the ETH network can be fixed by sharding and rollups.

The only thing that has changed since the consensus change is the level of centralization and censorship of transactions. The network has become much more censorable. In general, so far, except for promises, the ETH network does not show anything good, if we are talking about scalability and commissions.

You meant gas fees not tax. Bitcoin has become the fastest one once it's introduced by satoshi nakamoto but the scalability problems were appearing once crypto got massive adoptions. The scalability problems were unpredicted before. Mass adoptions trigger it to appear.

L2 network as a solution in fixing the scalability problem faced by L1. I tell you that if blockchain still experimental things. It needs improvements with the goes of time. That's why the development of ethereum is still happening.

Just stick to the all of major coins. That will give you more guarantee for your money. I can't really suggest you which coins but you just need to DYOR.

I can give an example to make it easier for the OP to imagine how a tree grows, from childhood to adulthood, ETH in the altcoin section is like a stump, and then the trunk, branches, leaves, and fruits ,... similar to L2, products that operate in this crypto environment. So everything has to develop optimally from the basics, this market can be said to be as simple as that, not to mention bitcoin.

ETherereum community will continue to hide under the radar of gas fees, they have dodge that question multiple times because of it sensitivity because they know that Ethereum chain can't scale without rewritting the code from beginning and doing that is just like abandoning the chain and starting a new one entirely, we have seen countless hardfork of in the past and there is no improvement and that makes me think that Ethereum cannot be scale without the interaction of sidechains as the layer 2 and this is why Ethereum has remain the same in development except for DEFI but seems to be more interesting on other chains.

Many people will claim that Ethereum chain is more secure but I think that was when it was still in proof of work, you can't tell me that Ethereum is secure when it is now centrealized more than ever, if one of the biggest validator should exit and commmit fraud, it will affect Ethereum price by 50% but they are all blind with the believe of commitment of previous people who held into proof of work. Because a dog is mad and silent doesn't mean it cannot bite the owner one day.

Lastly, asking for suggestion of alternative coins to ETH is like asking for a financial advice, that will lead you astray and the chance of making something great from there will be difficult. I will advice you do your own research like the way you mount up good effort in finding Ethereum chain, you will do well in other layers that are undervalue in the market, you can get a coingecko app on your own phone and see for the list of coins in the market.

Do you think Vitallik will move to options where he loose control? This is why they have POS system which is more of centralised base where if you have more stake you are main validator which is not good.The gas is also so high and for normal amount of transaction you have to afford high fees with it also but L2 is not in their mind untill personal profits are at priority.

Perhaps ETH can show better growth than bitcoin. It is the king of all altcoins for a reason. ETH is the basis for a very large number of projects that are constantly growing and new ones appearing. I think that in the future, when the issue of cryptocurrency regulation will be solved, many corporations will be able to start using ETH. And then a new era can begin with a change of priorities.

L2 is needed to solve the problems of the main network. The ETH network is experiencing scalability problems and still has high transaction prices, and the transaction speed itself is not as fast as L2 solutions. Until the ETH network solves the problem with fees and scalability, these problems will be solved by other networks, such as Arbitrum.

     -    Remember from POW that Ethereum has done amazing POs, which means that ETH can still return to POW if vitalik buterin wants to,.. but nevertheless, whatever ETH has now, we can still say that it has good potential that can be given that is a profit for those who believe in it when it comes to long-term holdings.

Because it is certain that when the value of Bitcoin increases, the value of Ethereum will also kick in the market, and the majority of the community here in the crypto space has seen this many times.

Well someone isnt agree on other things right? Not all opinion can be the same for every developer out there. Plus why can make only one if there is freedom to develop their own version. This is likely the case since every project developer out there wanted to point out flaws of others and feels like they can do much better. Since its a decentralized space, we could see more of this being combine and created a sophisticated network.