ETH future - page 3. | Bitcointalksearch.org

domoy77

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Quote from: bounceback on March 28, 2022, 02:15:50 AM

Lately, many Ethereum users have complained that transaction fees are too high when they want to transact with ETH coins, so Vitalik is trying to solve this problem by planning to switch Ethereum to a PoS consensus algorithm which Vitalik thinks can be the right solution to reduce transaction costs, and if after the launch of ETH 2.0 it is as expected by users then of course it will make ETH more attractive to the public, so you don't have to worry about that because ETH is a coin that has a good future.

It would be extraordinary if in the near future ETH was able to solve this high transaction fee problem through the methods you have mentioned because it has been a long time since everyone has been forced to make transactions on the ETH network if there are no other network options for certain tokens or coins.
So I would absolutely be very happy if Vitalik would sort this out in the near future.

$anounimus$

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We all know that Vitalik might regret making his own blockchain or any other decision he makes. In my opinion, Vitalik Buterin is smart and has done more good than bad for crypto. I think Vitalik made the right choice because the future goal has been set. People don't know for sure how crypto will turn out, but one thing is for sure: it will be fun to watch the experiments happen.

bounceback

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Quote from: MetaMii on March 26, 2022, 05:20:27 AM

I fear for ETH future, almost all smart contract projects are using the PoS staking algorithm but only ETH PoW stands alone, this makes ETH different and one of a kind smart contract project, I think vitalik buterin will regret is decision after ETH goes PoS.

Lately, many Ethereum users have complained that transaction fees are too high when they want to transact with ETH coins, so Vitalik is trying to solve this problem by planning to switch Ethereum to a PoS consensus algorithm which Vitalik thinks can be the right solution to reduce transaction costs, and if after the launch of ETH 2.0 it is as expected by users then of course it will make ETH more attractive to the public, so you don't have to worry about that because ETH is a coin that has a good future.

Novita

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Quote from: MetaMii on March 26, 2022, 05:20:27 AM

I fear for ETH future, almost all smart contract projects are using the PoS staking algorithm but only ETH PoW stands alone, this makes ETH different and one of a kind smart contract project, I think vitalik buterin will regret is decision after ETH goes PoS.

Ethereum is getting bigger now, many other projects use their networks to run, I think the Ethereum has a level of use, first they are used by people who make transactions in large quantities, the two good projects are good at Bounty using the Ethereum network, so what is delivered by Many people, do not make Ethereum decrease, this is what we have to make a study, why the Ethereum network becomes more equal to now

Sebas.tian

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Quote

I don't think there will be any trouble or regret. Because ethereum is a cryptocurrency that is greatly admired and used by the masses. Considering their Fee situation, I think they made the smartest decision. Vitalik is such a smart person that I think he will definitely add extra things in the development of his project, which will further increase its development and usability. That's why eth is always at the top of the cryptocurrencies I trust.

Yes, because everyone is aware that ethereum future will be greater than it's now. Ethereum still remain the superior among altcoins which many investors prefer to invest on ethereum than any other altcoins in the community, because of the good income they are receiving from ethereum investment. Those that choose ethereum in this season made a good choice without listening to people or discourage about the gas fee of ethereum than to view the great future ahead of ethereum. It hard for ethereum investors to experience losses from their investment because ethereum price is still more stable than any other altcoins in the crypto market.

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Quote from: deean_3one on March 27, 2022, 11:20:45 AM

The future of eth is nothing to worry about. Eth has always been one of the best altcoins. It is always stable, even more often giving advantages than losses.

I think this is very true, I also have the same opinion as you, the future of ethereum will definitely be very good and stable, because ethereum is the best altcoin for now, even the ethereum holder community has never felt a loss. ethereum is very promising profits from losses.

DanWalker

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I think moving ETH from POW to POS is a reasonable decision, POS will consume less energy than POW. Many experts argue that the move to POS does not weaken the ETH network, but also increases the stability and scalability of the network when combined with sharding so no need to worry too much.
ETH is still the top altcoins and with the upgrade to ETH2.0, the future is brighter than ever.

GeorgeJohn

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Quote from: bussybuddy on March 26, 2022, 06:04:09 AM

Your fear doesn't matter much given the fact that it is the top altcoin in the market. Relax and feel for yourself how many things have appeared and competed with it, I find it a matter of liking and changing in accordance with the present and future plans that see ETH always strong. And now the interest in ETH 2.0 is growing, so put your worries away and look at the growth coming its way.

You made a nice point, because we all know that Ethereum is like the highest of altcoins, and no altcoins can be better than Ethereum, the growth of it, is not what someone can doubt for or worry about, the future of Ethereum is a continuous process and it far better and it can't be use to compare to any alternative coin's.

zonefloor

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I don't think there will be any trouble or regret. Because ethereum is a cryptocurrency that is greatly admired and used by the masses. Considering their Fee situation, I think they made the smartest decision. Vitalik is such a smart person that I think he will definitely add extra things in the development of his project, which will further increase its development and usability. That's why eth is always at the top of the cryptocurrencies I trust.

casperBGD

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search on internet for ETHmerge is surging and that could show possible outcome for Ethereum future
transition to PoS should be a good think energy wise, and incentives on the network will go up, with inflation going down, which is a solid move

testnet merge already passed without major issues, and we are set to go on mainnet, interesting time ahead

Silberman

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Quote from: MetaMii on March 26, 2022, 05:20:27 AM

I fear for ETH future, almost all smart contract projects are using the PoS staking algorithm but only ETH PoW stands alone, this makes ETH different and one of a kind smart contract project, I think vitalik buterin will regret is decision after ETH goes PoS.

At the end of the day ETH has always been a centralized project which is why vitalik can take those kind of decisions unilaterally, I think it is a mistake for ETH to go from PoW to PoS, and we can see this is the case as ETH has been trying to make that transition for a long time and it has yet to achieve the results the developers want, however even if they can move successfully to PoS the network is not going tob e as secure as before and ETH will be just like most other smart contract coins, losing any edge it may had in the market and putting at risk its position as the second most important coin in the market.

Jackl87

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Quote from: MetaMii on March 26, 2022, 05:20:27 AM

I fear for ETH future, almost all smart contract projects are using the PoS staking algorithm but only ETH PoW stands alone, this makes ETH different and one of a kind smart contract project, I think vitalik buterin will regret is decision after ETH goes PoS.

I don't really think that the ETH-team has really much of a choice here. Yes they could decide to keep on using the PoW consensus mechanism in order to keep the big mining companies happy but i think the negative reputation that they would get from the majority of the people and the press would just be too much. In the end the last few years have all been about energy efficiency and to develop environmentally friendly alternatives for transportation, heating, electricity and so on. So it is really hard to tell to people that all those crypto miners use up more electricity than a whole country needs to function. I just read about a research that said that BTC miners use up more electricity than the country of Ukraine, that research is from 2019 so obviously before the Ukraine war.

eaLiTy

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Quote from: tsaroz on March 27, 2022, 12:25:57 PM

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I'd support the decision to go POS. POW is going to be a controversial topic for crypto in the future and for a sustainable utility coin, it would be better to be environment friendly. POS are not any less secure than POW and with the whole team involved, it would maintain it's trust. The only thing bothering it is it's slow blockchain, I don't see it improving a lot even if they introduced shradding as the chain is already one of the heaviest.

If you look at the fundamental flaw of POS where a few will have majority control over the network, it is not going to be sustainable in the long term. We are behind BTCitcoin because of its decentralization and not because a few can have majority control over others. It might take some time for the general public to understand its flaw but the idea of POW is a controversial topic is just ignoring the fundamentals.

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Quote from: MetaMii on March 26, 2022, 05:20:27 AM

I fear for ETH future, almost all smart contract projects are using the PoS staking algorithm but only ETH PoW stands alone, this makes ETH different and one of a kind smart contract project, I think vitalik buterin will regret is decision after ETH goes PoS.

I think you don't worry too much, talking about ethereum, according to what I see ethereum is the top altcoin in the market trend, and I also heard that the presence of this POS is something that the ethereum holder community has been waiting for.

AnonBitCoiner

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Etherium Future will be more bright than ever. Once again project will adopt Etherium way and Etherium will also do some Update.
You cam see the transaction of Etherium . there is no big difference in number of transaction and perhaps it will go big in future due to vast use case

tsaroz

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Quote from: MetaMii on March 26, 2022, 05:20:27 AM

I fear for ETH future, almost all smart contract projects are using the PoS staking algorithm but only ETH PoW stands alone, this makes ETH different and one of a kind smart contract project, I think vitalik buterin will regret is decision after ETH goes PoS.

I'd support the decision to go POS. POW is going to be a controversial topic for crypto in the future and for a sustainable utility coin, it would be better to be environment friendly. POS are not any less secure than POW and with the whole team involved, it would maintain it's trust. The only thing bothering it is it's slow blockchain, I don't see it improving a lot even if they introduced shradding as the chain is already one of the heaviest.

Marvell1

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Quote from: MetaMii on March 26, 2022, 05:20:27 AM

I fear for ETH future, almost all smart contract projects are using the PoS staking algorithm but only ETH PoW stands alone, this makes ETH different and one of a kind smart contract project, I think vitalik buterin will regret is decision after ETH goes PoS.

What you fear is also partly true because today there are many potential and outstanding altcoins, along with congestion and expensive gas fees on ETH, some projects are looking for alternatives on other networks. But you do not need to worry too much because ETH is still making efforts and gradually entering the transition phase of ETH. The ETH2.0 event is considered the most anticipated event of the crypto community, I find it to attract more people's attention than the bitcoin halving event. Shows that the community's interest in ETH has never cooled down and all efforts will be well rewarded with ETH2.0

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Quote from: kidbounty on March 26, 2022, 07:16:26 AM

POW is a problem nowadays, many countries are starting to question the environmental impact caused by crypto mining activities. the biggest one is china, they last year started banning all kinds of crypto mining activities in that country. and many say POS is the solution to the problems of the crypto ecosystem. there are no issues related to environmental impact and that might be the way for wider adoption.

The world doesn't care at all on the environmental impact, if it does then the moment they knew PoW would make the environment worst they would've shut it down already. Why didn't they? Because they are gaining from it, if the miners stop using those massive energy who would? The oils imports that they can earn with those running facilities giving everyone the energy source. This is money we are talking, human is greedy and would do anything to be more wealthier even it causes earth's destruction. Eth is good as it is and so does BTC, if it is easy to acquire then it wouldn't be so precious right now, look at gold and diamonds etc, they are all mined and requires the use energies too.

ijeb

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PoW does not really help with the bandwidth congestion these days and the developers absolutely have to push forward to PoS which will help to scale the chain and reduce the fees.
If you remember some years ago Vitalik said the 1$ transaction fee is ridiculous but now we've seen 200$ fees.

GreatArkansas

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Quote from: Johnyz on March 26, 2022, 04:52:34 PM

Quote from: MetaMii on March 26, 2022, 05:20:27 AM

(....)

The competition is gettin tough, if ETH didn’t adopt or no more updates then that is the time for you to worry about its future. So far ETH is still doing good on trying their best to stay on the competition. The most anticipated update of ETH 2.0 can be a big thing, and maybe this is the reason why ETH is still the top altcoins, they see good things are coming.

Hmmm, you got a point here but if you take a look since the beginning even there are already a lot of projects that claim that they are the "Ethereum killer" are vanishing.
And this new trend, which is POS layer 1 networks which for me I can consider as an alternative for Ethereum, as you can see there are already a lot of platforms that support multi-chain/network, so for sure in the future, competitors of Ethereum will stay also as Ethereum will stay too.

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