Topic: ETH 2.0 And High Transaction Fees.. - page 5. (Read 1583 times)
It won't be the demise of Ethereum supposing that it neglects to end the higher charges then it would essentially make another update. An update after another overhaul and that will be the following stage if at any time there's no observed improvement with 2.0. I don't see the explanation while ETH 2.0 will come up short eventually, I can't envision it not arriving at it top notwithstanding the way that ethereum is the biggest blockchain network, so its 95% that ETH 2.0 will prevail with regards to reaching a conclusion of bringing about low exchange expense and different highlights into the organization.
The fees are really high right now. In fact, I'm not moving anything, I'm waiting for them to return to normal. I think "DEFI" is causing this whole fee problem.
Surely they are, in proportion, too high. It costs me less in a bank.
Surely they are, in proportion, too high. It costs me less in a bank.
These issue of transaction fees can be solved if Ethereum team decided to rebase the transaction fees, just look at other projects in the space like Solana and DOT and other competing projects, they decided to set their transaction fees very low that even if the price goes up the fee will still be affordable
So far we don't know when ETH 2.0 will be released. However, ETH will continue to exist and grow, although version 2.0 cannot solve the problem of high transaction fees. ETH is the 2nd largest coin in the market and a lot of coins are issued on the ETH platform, so ETH cannot die.
If ETH 2.0 will become a failure in solving this high transaction fee issue, then probably ethereum developers will create another solution that will definitely address the problem. Ethereum will not die for sure because a lot of investors have put their trust on ethereum and if this upgrade will not be successful, i'm sure another upgrade will be made again. 
So far we don't know when ETH 2.0 will be released. However, ETH will continue to exist and grow, although version 2.0 cannot solve the problem of high transaction fees. ETH is the 2nd largest coin in the market and a lot of coins are issued on the ETH platform, so ETH cannot die.
I think Ethereum will still function properly and is the 2nd largest coin in the cryptocurrency market.
People come to ETH because it is a potential coin and has a good development team, some trouble from the fact that ETH 2.0 still keeps its transaction fees high cannot crash the coin.
People come to ETH because it is a potential coin and has a good development team, some trouble from the fact that ETH 2.0 still keeps its transaction fees high cannot crash the coin.
The launch of eth 2.0 will be postponed.
Since the multi-client testnet served as an important pathway to Serenity, this was considered an emergency.
Therefore, it cannot be determined that the Ethereum 2.0 rollout will take place in July 2020.
Ethereum will still be around and if eth 2.0 fails then network costs will still be high.
Another postponement can’t help ETH network and many will panic again so if the 2.0 didn’t happen this year then the higher fees can’t be solve by just the market itself. The ETH developer have to listen and see the investors are raising their voice to address the higher fees issues, the 2.0 should successfully implement without any delay.Since the multi-client testnet served as an important pathway to Serenity, this was considered an emergency.
Therefore, it cannot be determined that the Ethereum 2.0 rollout will take place in July 2020.
Ethereum will still be around and if eth 2.0 fails then network costs will still be high.
So many people expect alot to change once the ETH 2.0 is been deployed, some of those expectations is to reduce gas fees and make transactions move faster, but if eventually it fails to live up to the expectations, I still don't think that will be the end of ETH, because it is one of the main bodies of crypto, although it will reduce in terms of price but it won't die, I believe in Vitalik, he won't let us down, I just hope it works.
The launch of eth 2.0 will be postponed.
Since the multi-client testnet served as an important pathway to Serenity, this was considered an emergency.
Therefore, it cannot be determined that the Ethereum 2.0 rollout will take place in July 2020.
Ethereum will still be around and if eth 2.0 fails then network costs will still be high.
Another postponement can’t help ETH network and many will panic again so if the 2.0 didn’t happen this year then the higher fees can’t be solve by just the market itself. The ETH developer have to listen and see the investors are raising their voice to address the higher fees issues, the 2.0 should successfully implement without any delay. Since the multi-client testnet served as an important pathway to Serenity, this was considered an emergency.
Therefore, it cannot be determined that the Ethereum 2.0 rollout will take place in July 2020.
Ethereum will still be around and if eth 2.0 fails then network costs will still be high.
Indeed, im afraid many crypto projects and ethereum users will using other blockchain because the fee is too high.
I hope in ETH 2.0, the developers think about how they can reduce the network fees, otherwise new users won't join because very high fee.
I really doubt that.I hope in ETH 2.0, the developers think about how they can reduce the network fees, otherwise new users won't join because very high fee.
After UNI hype was settled down - fees turned back to ~$1.00 level as it was way back before, I mean the transaction fees.
Exchange fees are still quite big, but its forgivable imo
The launch of eth 2.0 will be postponed.
Since the multi-client testnet served as an important pathway to Serenity, this was considered an emergency.
Therefore, it cannot be determined that the Ethereum 2.0 rollout will take place in July 2020.
Ethereum will still be around and if eth 2.0 fails then network costs will still be high.
Since the multi-client testnet served as an important pathway to Serenity, this was considered an emergency.
Therefore, it cannot be determined that the Ethereum 2.0 rollout will take place in July 2020.
Ethereum will still be around and if eth 2.0 fails then network costs will still be high.
Indeed, im afraid many crypto projects and ethereum users will using other blockchain because the fee is too high.
I hope in ETH 2.0, the developers think about how they can reduce the network fees, otherwise new users won't join because very high fee.
I really doubt that.I hope in ETH 2.0, the developers think about how they can reduce the network fees, otherwise new users won't join because very high fee.
After UNI hype was settled down - fees turned back to ~$1.00 level as it was way back before, I mean the transaction fees.
Exchange fees are still quite big, but its forgivable imo
Indeed, im afraid many crypto projects and ethereum users will using other blockchain because the fee is too high.
I hope in ETH 2.0, the developers think about how they can reduce the network fees, otherwise new users won't join because very high fee.
I hope in ETH 2.0, the developers think about how they can reduce the network fees, otherwise new users won't join because very high fee.
If they could squeeze in a lot more transactions inside one block that would solve all the problems but in order to do that you need to first develop that feature and make it ready plus you need to make sure everyone goes into that blockchain as well, it is not as easy as it sounds, I would do the same if I had the choice but I wouldn't know where to begin.
If they can do that it would allow people to have a lot more transactions in one block to be mined which would make transactions pass a lot quicker and when we are talking about mining one block the difficulty will be same while pay will be the same but this time around people who send money will be paying less because they are sharing it with more people at the same time lowering the cost of it without hurting miners.
If they can do that it would allow people to have a lot more transactions in one block to be mined which would make transactions pass a lot quicker and when we are talking about mining one block the difficulty will be same while pay will be the same but this time around people who send money will be paying less because they are sharing it with more people at the same time lowering the cost of it without hurting miners.
Hii Everyone
I have a little question .... Sorry if this sound silly but i just cant help but ask
Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.
My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?
(death--no longer used)
(partial death--no longer used like before)
I have a little question .... Sorry if this sound silly but i just cant help but ask
Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.
My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?
(death--no longer used)
(partial death--no longer used like before)
i really don't know what eth 2.0 will bring when it finally comes but i do know that new projects should start looking at other blockchain to Launce their project instead of hanging on erc20 network that has suddenly turn a nightmare for many, there are other fast and cheap transaction network that will also get the job done without any complications, i think eth network is just over hyped, every project wants to be in eth network and now we face the consequences.
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Bitcoin transaction fee is also high. And the emergence of bitcoin cash doesn't even have any effect on the bitcoin. I doubt the case will be different when ethereum 2 finally arrives.
except bitcoin cash is an entirely different thing to bitcoin and it's not even in the same blockchain so it does make sense if it doesn't have effect on bitcoin but ethereum 2.0 is basically an upgrade to ethereum and will probably give significant effect to ethereum because they switched to POS and probably come up with solution against the increasing fee.
I think ethereum 2.0 to solve the problem of high gas costs and others, maybe failing in my opinion will not happen, and ethereum will continue to live and solve all its problems.
Ethereum developers see what problems Ethereum users are now experiencing who make transactions and I am sure that Ethereum developers will find some solution, but in general if high transactions will remain the same, then I think people will also continue to make transactions on Ethereum blockchain, but most likely many people simply will try to bypass the Ethereum blockchain and will go, for example, to the TRON blockchain.
As long as the transaction costs are not fixed, there is still a dispute over the transaction via auction to be sent out faster.
ETH 2.0 cannot fundamentally change the nature of ETH in transaction processing. They just make transactions faster. The ICO, DEFI projects will continue to take place and costs will continue to increase.
ETH 2.0 cannot fundamentally change the nature of ETH in transaction processing. They just make transactions faster. The ICO, DEFI projects will continue to take place and costs will continue to increase.
I don't agree here. Fixed costs will kill the competition for miners, make it another POS coin. Allow people to compete for fees, that's the way Bitcoin shows can keep miners in the game and incentivizes them to keep making the network more popular. Defi and ICO will become use cases but the hype we see now isn't lasting. Just wait.
it looks like it has been in design for a long time so the chances of it failing will be very little, because we know they keep delaying the launch of ETH 2.0, it has proven that they really are not rushing to work on this problem and ETH 2.0 can solve the problem of high gas costs in the future, as long as a large community with ETH is unlikely to die
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