Eth 2.0 Impact on Eth - page 2. | Bitcointalksearch.org

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Quote from: RbiggerG on June 03, 2021, 07:58:11 PM

Quote from: tabas on June 03, 2021, 04:12:25 PM

There's some news about ETH 2.0 coming from Vitalik.
Even Vitalik Buterin is surprised at just how long Eth2 is taking
Cryptocurrency : Vitalik Buterin says the Eth2 challenge goes beyond technical issues

It is a complicated issue as it is with every large update. I don't know if they some problems like Bitcoin and Bitcoin Cash back then? But I would not know why that could be the case.

Whatever but these updates are probably discussed in the slightest detail and I am sure there is no consensus all the time between them. Especially if you consider that the development individually has money at stake, which is good for the community but also leads to discussions because all of those brilliant minds on the Ethereum development team has their own opinion.

Not really a problem but a fork happened in the past. The original Ethereum back then was ETC and then the fork was named ETH which is now Ethereum, cmiiw if some experts find my explanation to be wrong.
But such update shouldn't really be hasten but it's also been a long time since they've promised that update. What's next then? when we're near to said date then they'll extend again? no one knows.

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Quote from: DrearyUrbanite on June 04, 2021, 01:17:09 PM

Quote from: RbiggerG on June 03, 2021, 07:58:11 PM

Quote from: tabas on June 03, 2021, 04:12:25 PM

There's some news about ETH 2.0 coming from Vitalik.
Even Vitalik Buterin is surprised at just how long Eth2 is taking
Cryptocurrency : Vitalik Buterin says the Eth2 challenge goes beyond technical issues

It is a complicated issue as it is with every large update. I don't know if they some problems like Bitcoin and Bitcoin Cash back then? But I would not know why that could be the case.

Whatever but these updates are probably discussed in the slightest detail and I am sure there is no consensus all the time between them. Especially if you consider that the development individually has money at stake, which is good for the community but also leads to discussions because all of those brilliant minds on the Ethereum development team has their own opinion.

But they can do so much testing that t should be relatively safe. There have been other forks although this is of course a huge one where all players have to agree. It should go well and hopefully have good effects.

You would expect that, but everyone knows what it's like when it comes to testing: it is a different situation under different conditions. The range of unexpected externalities can't be simulated. It's like in a penalty shootout in a soccer game where you hit ten out of ten in training but fail in the middle of a stressful game situation.
I am sure they will roll it out successfully but at the same time I understand how thoroughly they proceed.

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Quote from: RbiggerG on June 03, 2021, 07:58:11 PM

Quote from: tabas on June 03, 2021, 04:12:25 PM

There's some news about ETH 2.0 coming from Vitalik.
Even Vitalik Buterin is surprised at just how long Eth2 is taking
Cryptocurrency : Vitalik Buterin says the Eth2 challenge goes beyond technical issues

It is a complicated issue as it is with every large update. I don't know if they some problems like Bitcoin and Bitcoin Cash back then? But I would not know why that could be the case.

Whatever but these updates are probably discussed in the slightest detail and I am sure there is no consensus all the time between them. Especially if you consider that the development individually has money at stake, which is good for the community but also leads to discussions because all of those brilliant minds on the Ethereum development team has their own opinion.

But they can do so much testing that t should be relatively safe. There have been other forks although this is of course a huge one where all players have to agree. It should go well and hopefully have good effects.

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Quote from: tabas on June 03, 2021, 04:12:25 PM

There's some news about ETH 2.0 coming from Vitalik.
Even Vitalik Buterin is surprised at just how long Eth2 is taking
Cryptocurrency : Vitalik Buterin says the Eth2 challenge goes beyond technical issues

It is a complicated issue as it is with every large update. I don't know if they some problems like Bitcoin and Bitcoin Cash back then? But I would not know why that could be the case.

Whatever but these updates are probably discussed in the slightest detail and I am sure there is no consensus all the time between them. Especially if you consider that the development individually has money at stake, which is good for the community but also leads to discussions because all of those brilliant minds on the Ethereum development team has their own opinion.

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There's some news about ETH 2.0 coming from Vitalik.
Even Vitalik Buterin is surprised at just how long Eth2 is taking
Cryptocurrency : Vitalik Buterin says the Eth2 challenge goes beyond technical issues

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Quote from: LibertyShire on May 11, 2021, 08:00:48 AM

I got it, the misconfusion was due to the separation between eth and eth classic, i though they might do the same with eth 2.0

Ethereum and Ethereum classic are two different coins to be precise eth classic is actually built on the Ethereum blockchain.

As of eth 2.0 this isn't some kind of hard fork of Ethereum, this is just some kind of soft fork to make Ethereum better and more attractive to its users which should fix some of its flaws .

Quote

[Eth 2.0 Impact on Eth/quote]
Impact will have to go to seeing to it fees are kept low to keep the smart contract coin competitive.

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Quote from: LibertyShire on May 10, 2021, 11:37:36 PM

Since the launch of Eth 2.0 seems to be earlier, will this news drive the price of Eth 1.0 down ?

there is no need for news about this, the price of Ethereum has fallen more than 50% because the price of Bitcoin was dumped,
yes I understand all the feelings of the holders, I myself am also very disappointed with the current price of Ethereum, but since the launch of Ethereum 2.0,
the problem is about fees there is still no clarity, hopefully fees on ethereum can be very cheap like BSC

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Vitalik gives and explains to the ETH community that the update has taken a long time, that sometimes it usually takes longer than expected, when things get complicated, any detail results in the resolution of more problems to reach the goal:

Even Vitalik Buterin is surprised at just how long Eth2 is taking

Quote

“We thought it would take one year to do the proof-of-stake, but it actually takes six years. If you are doing a complex thing that you think will take a while, it’s actually very likely to take a lot more time.”

Source: https://cointelegraph.com/news/even-vitalik-buterin-is-surprised-at-just-how-long-eth2-is-taking?_ga=2.249107975.1631946973.1622469766-1822102485.1580788659

Vitalik also makes us see that there are certain cracks with the developers, because he emphasizes that sometimes the technical problems are not all that they have to do but problems with people ... They may have everything ready before 2022, for now it's time expect.

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Quote from: leea-1334 on May 28, 2021, 01:10:06 AM

Quote from: HaekalZ on May 27, 2021, 11:05:16 PM

If ETH 2.0 will be released later, it is not certain that ETH will decline, on the contrary, I think the ETH price will continue to skyrocket when ETH 2.0 is released, it can even be 2-3x times the previous ETH price, based on my observation, ETH can reach $ 10k on when ETH 2.0 is released and will continue to be pumping.

Hmm I am not so sure what you mean at all, not certain it will decline? If? ETH 2.0 WILL be released this is for certain,,, just we are not entirely sure when. And why would that cause ETH decline.

Skyrocket, who knows. I would be happy with a return to 4000 and remaining there:)

I think it's the opposite if ethereum 2.0 is officially released it will make the price go up,
I believe that ethereum 2.0 is much better than before,
which is clearly one good move for ethereum

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Quote from: HaekalZ on May 27, 2021, 11:05:16 PM

If ETH 2.0 will be released later, it is not certain that ETH will decline, on the contrary, I think the ETH price will continue to skyrocket when ETH 2.0 is released, it can even be 2-3x times the previous ETH price, based on my observation, ETH can reach $ 10k on when ETH 2.0 is released and will continue to be pumping.

Hmm I am not so sure what you mean at all, not certain it will decline? If? ETH 2.0 WILL be released this is for certain,,, just we are not entirely sure when. And why would that cause ETH decline.

Skyrocket, who knows. I would be happy with a return to 4000 and remaining there:)

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Eth2 will most of all tank MATIC and other projects trying to scale ethereum.

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If ETH 2.0 will be released later, it is not certain that ETH will decline, on the contrary, I think the ETH price will continue to skyrocket when ETH 2.0 is released, it can even be 2-3x times the previous ETH price, based on my observation, ETH can reach $ 10k on when ETH 2.0 is released and will continue to be pumping.

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Quote from: leea-1334 on May 23, 2021, 01:48:26 PM

If developers only listened to people,,, then their product would be without direction and only following popular opinion. Refer to Bitcoin Cash and see what it did to them, same as BTC diamond and all those other fork coins.

Exactly , Ethereum developer can make this best if they only have made listen but they dont instead pushing it through what they wanted but not what people wants.

Quote from: Amejoaquim on May 25, 2021, 04:37:08 AM

ETH 2.0 will make ethereum be more usefull than before, i think you misunderstood about this.

Then teach us how this work mate?

Quote

ETH 2.0 will fix the fee problem and others, with this major upgrade i believe it will make ethereum price rise so high.

Fee is also Bitcoin problem but yet the price continues to rise so i think that's not the only thing that must be in the good way here.

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ETH 2.0 will make ethereum be more usefull than before, i think you misunderstood about this.

ETH 2.0 will fix the fee problem and others, with this major upgrade i believe it will make ethereum price rise so high.

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Quote from: CutePanda on May 24, 2021, 09:50:29 PM

With the release of ETH 2.0 later, of course it will have a very big impact, because in terms of price and volume of ETH, it will definitely skyrocket when that happens, in fact I am sure ETH can beat BTC in rank # 1 when ETH 2.0 is released in the future.

I don't think ETH 2.0 will cause much of a price increase. Right now miners are getting tons of revenue and price still rallied all the way to $4300. When ETH 2.0 comes out the miner issuance might be lower but it doesn't necessarily mean price will sky rocket due to lower supply hitting the market. Even EIP 1559 doesn't mean the supply constraint will cause price to sky rocket. Its possible but not necessary will come true.

BTC will most likely be #1 for a long time due to its security. ETH might for a little while be #1 however it won't hold that spot for long. Most long term crypto holders always prefer BTC. Its also much more stable in price and much much more decentralized and secure with all that hashrate. So I am pretty sure this won't happn.

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With the release of ETH 2.0 later, of course it will have a very big impact, because in terms of price and volume of ETH, it will definitely skyrocket when that happens, in fact I am sure ETH can beat BTC in rank # 1 when ETH 2.0 is released in the future.

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Quote from: int03h on May 23, 2021, 05:31:48 AM

I was very confused when reading the content of this thread. Let me explain to you as follows: ETH 2.0 is an upgraded version of ETH 1.0 technology so it is still just ETH and no Fork happens.

he was thinking if ethereum 2.0 will become a separate chain and that's why he was asking about that before but so many members already given enough answer for him.
I remember the rumour about the separate chain from ethereum 2.0
I would not be surprised to see that if there will be someone who is still asking a question about this dude.
This is a common thing. he was a new comer.

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As much as I would like to see ether price rises beyond what it is now, I think ethereum network is congested and there is a need for speedy upgrade! Ether 0.2 have started and many coin are locked away in staking yet, the staking effect is not significant yet! If ethereum network do jot upgrade Asap! I'm afraid ethereum network will become unuseable!

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If developers only listened to people,,, then their product would be without direction and only following popular opinion. Refer to Bitcoin Cash and see what it did to them, same as BTC diamond and all those other fork coins.

Ethereum does listen but they have so many proposals to choose from and very little idea of what may come from implementing any hence testnet periods and slow forks.

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Quote from: Desscount on May 23, 2021, 05:05:24 AM

Indeed, the problem so far is the high transaction costs as you say,
and I hope the transaction fee can go down soon and I think that's what everyone hopes,
but if in fact the transaction costs are still high I don't think people will be that easy to leave ethereum

Old problem. They used to say it about Bitcoin too and even many miners and companies left to socalled better coin like Bitcoin Cash. then when Segwit came around people who were complaining took so long to adopt it until today it's still barely 50% adopted anyway. So maybe in the end tx cost isn't everything?

Topic: Eth 2.0 Impact on Eth - page 2. (Read 554 times)