ETH to ETH2 hard fork? | Bitcointalksearch.org

dzonikg28

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Quote from: Little Mouse on April 15, 2021, 01:43:45 PM

Quote from: dzonikg28 on April 15, 2021, 01:38:28 PM

Why would you call it the old ETH then? It is just a fork, not new or old, just a fork as a result of different opinions about how to handle the DAO hack. ETC argues that the immutability principle was violated and hence decided to split from ETH back then.

Community who supported the fork was in ETH and who didn’t support the fork, was in ETC. So, they were in the main principle, I mean ETC was in the main principle, wasn’t it? That's why I called that old ETH, I can be wrong technically though.

Ah ok I see your reasoning. From that perspective you are correct.

Didn't think about it that way. It feels like the real Ethereum is where the real Vitalik Buterin is! Tongue

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Quote from: seoincorporation on April 15, 2021, 12:14:04 PM

Soon the ETH network will move to ETH2, and big changes will come with it, as the main change we have the PoW to PoS, this means the mining process will move to staking, and now the miner will be the holders.

So, my question is, what if a hard fork comes and the old ETH users decide to keep alive the old ETH network while ETH2 comes as a new branch on the node? just like it happened with ETC. Is it possible?

The upgrade is to be completed in three years, it isn't soon. And judging by the delays that usually happen in Ethereum developments, I could easily say it will last another ten years before it is complete. After all we have seen in the crypto markets, we can't be sure about anything. Ethereum may be not used by anyone until then as progress is not that slow. I would expect something else to appear and instantly do everything Ethereum 2.0 will be doing and ten times better, in just two years from now.

seoincorporation

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So, after reading your comments i realize there are two options now.

1.- The miners decide to keep ETH and make a hard fork creating a new coin, that way they still able to use their miners to get new coins, but those coins will not be compatible with the ETH2 blockchain.

2.-The miners migrate to ETH bumping that blockchain while the DAO hacker becomes richer.

Thanks for your answers guys, now I know a hard fork is possible.

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Quote from: seoincorporation on April 15, 2021, 12:14:04 PM

Soon the ETH network will move to ETH2, and big changes will come with it, as the main change we have the PoW to PoS, this means the mining process will move to staking, and now the miner will be the holders.

It will become party for the rich. Small miners will have less chance to join the party and get income. Exchanges will dominate ETH 2.0 nodes and it can make the network more centralized. Time will show how Ethereum network will become less decentralized.

Quote

So, my question is, what if a hard fork comes and the old ETH users decide to keep alive the old ETH network while ETH2 comes as a new branch on the node? just like it happened with ETC. Is it possible?

I think miners will switch their rigs and hashrates to Ethereum Classic. It is reason for the on-going hype on ETC last few weeks. The coin doubled its price from $12 to $24 and it can rise more.

Where are miners with big hashrates, there will be games of pumps and dumps. Ethereum Classic will have more waves for traders and investors will have good profit from ETC.

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Quote from: seoincorporation on April 15, 2021, 12:14:04 PM

So, my question is, what if a hard fork comes and the old ETH users decide to keep alive the old ETH network while ETH2 comes as a new branch on the node? just like it happened with ETC. Is it possible?

Possible but my best bet is they will probably used a migration platform for everyone hwo holds ethereum currently we have to the eth2, of course Im not sure how the phasing will go, but probably like what Binance did. Where users able to stake their eth and given Beth instead these Beth will later on be converted on eth2 and the old eth they have will be gone.

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Quote from: seoincorporation on April 15, 2021, 12:14:04 PM

So, my question is, what if a hard fork comes and the old ETH users decide to keep alive the old ETH network while ETH2 comes as a new branch on the node? just like it happened with ETC. Is it possible?

It can happen, but the chances are very slim because the larger community is supporting ETH 2.0

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Quote from: seoincorporation on April 15, 2021, 04:38:15 PM

Do you think is possible to have a new hardfork when ETH2 comes? I see it really possible, but maybe is technically impossible, that's why I want to know what do you think guys.

I'm not an expert on this but technically there is a possibility if there's a consensus that wants to keep the chain of ETH moving even after the transition of ETH to ETH2.
If it happened in the past and a split has occurred then there's a slight chance that it can happen. But the majority will just have to go with the flow and be with ETH2 and they'll find it a waste if they'll keep on ETH after the successful shift if only a few people will stay or support the idea.

seoincorporation

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Quote from: Little Mouse on April 15, 2021, 01:43:45 PM

Quote from: dzonikg28 on April 15, 2021, 01:38:28 PM

Why would you call it the old ETH then? It is just a fork, not new or old, just a fork as a result of different opinions about how to handle the DAO hack. ETC argues that the immutability principle was violated and hence decided to split from ETH back then.

Community who supported the fork was in ETH and who didn’t support the fork, was in ETC. So, they were in the main principle, I mean ETC was in the main principle, wasn’t it? That's why I called that old ETH, I can be wrong technically though.

This is right, ETC is the original blockchain, the ETH chain has to do some changes in the blockchain to recover the hacked coins.

But don't get out of focus, no one has answered my question yet... Do you think is possible to have a new hardfork when ETH2 comes? I see it really possible, but maybe is technically impossible, that's why I want to know what do you think guys.

Little Mouse

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Quote from: dzonikg28 on April 15, 2021, 01:38:28 PM

Why would you call it the old ETH then? It is just a fork, not new or old, just a fork as a result of different opinions about how to handle the DAO hack. ETC argues that the immutability principle was violated and hence decided to split from ETH back then.

Community who supported the fork was in ETH and who didn’t support the fork, was in ETC. So, they were in the main principle, I mean ETC was in the main principle, wasn’t it? That's why I called that old ETH, I can be wrong technically though.

dzonikg28

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Quote from: Little Mouse on April 15, 2021, 01:24:36 PM

Quote from: seoincorporation on April 15, 2021, 12:14:04 PM

just like it happened with ETC. Is it possible?

Isn't ETC the old ETH? After the centralized activity back in 2016 on DAO issue, ETC was created if I'm correct. So, I think there will be only that ETC and ETH2 existed. No one will be running that high paying ETH chain active, even if they do, people are unlikely to spend hundreds instead of getting it more cheaper.

Why would you call it the old ETH then? It is just a fork, not new or old, just a fork as a result of different opinions about how to handle the DAO hack. ETC argues that the immutability principle was violated and hence decided to split from ETH back then.

Little Mouse

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Quote from: seoincorporation on April 15, 2021, 12:14:04 PM

just like it happened with ETC. Is it possible?

Isn't ETC the old ETH? After the centralized activity back in 2016 on DAO issue, ETC was created if I'm correct. So, I think there will be only that ETC and ETH2 existed. No one will be running that high paying ETH chain active, even if they do, people are unlikely to spend hundreds instead of getting it more cheaper.

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I am not very familiar with technical matters like that because for me it is too complicated to understand, but maybe if the miners oppose the hard fork and stick to their old ways it will be difficult to get support, because what I see is eth2 is made to reduce costs, and of course it will indirectly force to switch to ETH2.0, for those who are prolonged using POW will only get losses instead of profits.

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so we are talking about which one is the main Eth and which one is the fork?
it is possible if the majority of people choose the old Eth, but it is very unlikely because Eth 2.0 is created and meant to solve the old Eth issue such as scalability and a high transaction fee.
even if the old users decide to keep it alive, there is nothing they can do if they can not outperform Eth 2.0 technology.
would you rather choose an old one or a new one? popularity who will decide everything, even the holder themselves will not do such a thing as keeping the old technology if they can upgrade it.

and the old Eth has some similarities with Eth to be exact almost the same, why would create a new one when you already have it?

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I'm not that knowledgeable on coding or other technical stuffs. but maybe if the miners who oppose the hardfork would insist on POW. I don't think they will get community support as nobody wants to pay high gas price anymore. They will be forced to abandon sooner or later since it's not profitable or they can just mine ETC.

seoincorporation

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Soon the ETH network will move to ETH2, and big changes will come with it, as the main change we have the PoW to PoS, this means the mining process will move to staking, and now the miner will be the holders.

So, my question is, what if a hard fork comes and the old ETH users decide to keep alive the old ETH network while ETH2 comes as a new branch on the node? just like it happened with ETC. Is it possible?

Topic: ETH to ETH2 hard fork? (Read 135 times)