A higher fees means a slower transaction and the project might be affected because investor have to find the cheaper option.
A higher fees is quiet the problem every time we see the price pump not just on ETH. If the new update works for the purpose of limiting the fees then it will be good, but if not its hard to tell the next move of ETH. Look for good coins now with a lower fees, but still ETH can be better so don’t forget to hold as well.
Topic: ETH 2.0 And High Transaction Fees.. - page 8. (Read 1583 times)
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?
If ETH 2.0 implementing EIP 1559 proposal, it makes fee rates cleared, the user doesn't need to pay expensive fees when price come to fluctuating. this was explained by vitalic on paper, https://github.com/ethereum/research/raw/master/papers/pricing/ethpricing.pdfSo this means, I don't believe eth will fail reducing fee when next updated.
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)
If Ethereum 2.0 does not solve the problems, then all smart contracts will work on Ethereum 1.0.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)
Ethereum 2.0 has virtually infinite bandwidth and this capacity will depend on the number of shards on the network. It is planned to increase the number of these shards every year.
Ethereum is a global project and developers have no right to screw up.
Those who follow Ethereum understand that nothing is done quickly here
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
-snip
No, ETH will still exist and won't die, after allDefinitely ETH will still exist but its value will decay overtime since the only thing ETH holding is they are the first mover on this type of blockchain. But there are a lot of project that way ahead than ETH in terms of TPS which is the basis of the transaction fee on the blockchain. But I believe Vitalik will never let down supporters of ETH because he himself dedicates his life to this project.
If ever ETH v2.0 was failure, I'm sure that ETH will collapse this time.
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)
No, ETH will still exist and won't die, after all, it is the one of the prime movers in crypto, together with BTC. Perhaps new project will move to a new dapps, or existing one will do the same. But they have the leverage because they are first in the game. So we will have to wait what ETH 2.0 will bring and I'm sure the priority will be the high fees. Or maybe they will just create another off-chain mainnet to somewhat mitigate the network congestion. 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)
If it happens that ETH 2.0 fail to put an end to the network higher fee, the ethereum network would continue been on a good stream of services with high fee without crash on it. Currently now, ethereum fee on defi coins is extremely high while traders and investors are already acquainted with it, no matter any slight obstruction ethereum may cause, because of its stability in the crypto industry.
Every upgrade of any blockchain is meant to finalise and implement new features so I don't see the reason while ETH 2.0 will fail at some point, I can't imagine it not reaching it peak despite the fact that ethereum is the largest blockchain network, so its 95% that ETH 2.0 will succeed in coming to an end of incurring low transfer fee and other features into the network
Every upgrade of any blockchain is meant to finalise and implement new features so I don't see the reason while ETH 2.0 will fail at some point, I can't imagine it not reaching it peak despite the fact that ethereum is the largest blockchain network, so its 95% that ETH 2.0 will succeed in coming to an end of incurring low transfer fee and other features into the network
It won't be the death of Ethereum because if it fails to end the higher fees then it would just simply make another upgrade. An upgrade after another upgrade and that's going to be the next step if ever there's no seen improvement with 2.0.
But let's be patient and wait before we judge it and if there's really a failure with that upgrade, it's going to be the developers first who will take action on it.
But let's be patient and wait before we judge it and if there's really a failure with that upgrade, it's going to be the developers first who will take action on it.
The base fee will reside at a set level, depending on network conditions, while the tip compensates miners for their work and can be increased to “skip” the transaction line – a nice feature of current blockchain networks that helps alleviate congestion.
Plus, there’s a fast-pass lane someone can pay for if they need to scoot in an emergency.
Plus, there’s a fast-pass lane someone can pay for if they need to scoot in an emergency.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
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)
Jump to: