Will the Ethereum Foundation use their premine for this? This appears to be a centralization issue because the foundation can choose only their allies to become validators of the platform. Others are also in a disadvantage because they need to take the risk and buy ETH to become a validator.
Also, would Ethereum whales also take the risk of the one way conversion to ETH 2.0 coins?
The Ethereum Foundation is set to sponsor projects that are working within the Eth2 staking ecosystem.
To that end, the non-profit has invited teams and individuals, particularly those that are building Eth2 staking tools and guides, to apply for grants. The invitation is open until December 22 for all projects.
"The point of the program is to help contribute to the long term health of the Eth2 staking and validator community," said the foundation. "Ideas and projects at any stage of development are welcome: Idea phase; Proof of concept; Work in progress, and Fleshed out project."
Source https://www.theblockcrypto.com/linked/84695/ethereum-foundation-eth2-staking-grants
Topic: Ethereum 2.0 delays thread (Read 953 times)
It did not happen and no news coming from the team why the upgrade was delayed as I have made a quick search on google. Anyway, basing on others statement that say eth 2.0 will be compatible with the old ethereum network and users should not do anything to change their eth or convert it to make it compatible with the eth 2.0. That is a good news actually we can directly make transfer of ETH without having to recognize whether the network is eth 2.0 or not. This is a good upgrade actually however it was delayed. So sad why is it so which upgrade had already been one of the awaited part of cryptocurrency development for the year 2020. We'll wish good luck for eth 2.0 and hopefully cryptocurrency 2020 will be more successful following some more upgrades of other coins in the future.
Ethereum still not give good chance to see how could growing up to higher price, still have chance when bitcoin is not keep strong give bad impact for altcoin and ethereum back to lower price. Now we have seen after Donal Trump make announcement he and his family got covid 19 and make bitcoin suddenly dump, make impact for altcoin and ethereum back to lower price and never give chance for altcoin going to higher price.
the author of this post can be a good preditionist ( something that is good at predictions or predicting ) . he was right that eth 2.0 got delayed again .but are are there leaked infos before , before he post this thread at the month of febuary ?
i knew it , that the fate of eth 2.0 is getting simillar to the etf but i think that etf thing is more worster because people have assumed and posted so many threads or updates and in the end there is still no clear answer to them .
i knew it , that the fate of eth 2.0 is getting simillar to the etf but i think that etf thing is more worster because people have assumed and posted so many threads or updates and in the end there is still no clear answer to them .
I disagree hehehe. I might only be one of the quicker people to accept when there is something wrong during the middle of the pump and the hype.
You observe the craziness in the cryptospace for 5 years hehehe.
the author of this post can be a good preditionist ( something that is good at predictions or predicting ) . he was right that eth 2.0 got delayed again .but are are there leaked infos before , before he post this thread at the month of febuary ?
i knew it , that the fate of eth 2.0 is getting simillar to the etf but i think that etf thing is more worster because people have assumed and posted so many threads or updates and in the end there is still no clear answer to them .
i knew it , that the fate of eth 2.0 is getting simillar to the etf but i think that etf thing is more worster because people have assumed and posted so many threads or updates and in the end there is still no clear answer to them .
"Ethereum 2.0 developers will run yet another testnet "Zinken" in the coming days as the Spadina testnet didn't go smoothly enough": https://finance.yahoo.com/news/ethereum-2-0-developers-run-083513737.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEe55APtwPh2dMbzWU97o55-c1Sbepy85G_uNJlQeHxtBejqPPo1JNN0Zof-Kv44c-O5zqIVQEnDT-t-a5OtdQLA2-ln3kQ3jiq-xWNPt2-E6HcQgWPV70Ba3MElqyECnaNDNYd_VM7q97c6R_GCZejqcIwToQUJcD8KzSXlVU_Q
Thus, Zinken will be the final testnet before the full launch of Ethereum 2.0. The launch of the Zinken test network is expected "in a week and a half", this information was provided by Danny Ryan, who is the main developer of Ethereum.
the author of this post can be a good preditionist ( something that is good at predictions or predicting ) . he was right that eth 2.0 got delayed again .but are are there leaked infos before , before he post this thread at the month of febuary ?
i knew it , that the fate of eth 2.0 is getting simillar to the etf but i think that etf thing is more worster because people have assumed and posted so many threads or updates and in the end there is still no clear answer to them .
i knew it , that the fate of eth 2.0 is getting simillar to the etf but i think that etf thing is more worster because people have assumed and posted so many threads or updates and in the end there is still no clear answer to them .
............release eth2.0 when its good and ready
Why are you claiming they will never release? There are so many hype around Ethereum 2.0 anmd thet eam can not afford to mess up, if they failed to deliver any significant improvements compared to what we already have in the space then I can see Ethereum losing its grip on the market, now there are some good projects all they need to do is to incentives developers to build on their platform
I don't think they're going to lose a lot if they won't live up to users expectations.However, if they won't upset anyone or even impress most of crypto community - they'll be rewarded hugely.
Anyway, we all can feel the pressure on ethereum's shoulders, but chances are Vitalik will only release eth2.0 when its good and ready
It has taken Filecoin development team 3 years before launching their network. How much more years does everyone predict will the Ethereum development team launch Eth 2.0? Also 3?
Three years after its $205 million initial coin offering (ICO), Filecoin has said its live network is about to launch.
Source https://www.coindesk.com/filecoin-mainnet-launch
Three years after its $205 million initial coin offering (ICO), Filecoin has said its live network is about to launch.
Source https://www.coindesk.com/filecoin-mainnet-launch
^^ Well Ethereum has been pumping already ever since the news of Eth2.0 and even it is delayed the price continue to soar. And so with this recent news, investors have reason to pump it again and push their narratives to $500 up until November.
But in any case of a delay again, it will crash again. But this will be good to ride the market till November and see how it goes.
But in any case of a delay again, it will crash again. But this will be good to ride the market till November and see how it goes.
I am quite certain that there will be a delay. However, for all of you cryptocoin traders, November might be a good time to pump and dump Ethereum again hehehe. There are many articles setting the storyboard for a pump to $500.
Ethereum 2.0., the much-needed and much-delayed update to the Ethereum blockchain, is on track for a November 2020 launch, according to one of its developers.
In a blog post summing up recent updates on the long road to Ethereum 2.0, Raul Jordan, an Ethereum 2.0 developer with Ethereum infrastructure builder Prysmatic Lab, said that should various security checks and user experience polishes take place, “November is still looking good for a launch from our perspective.”
Source https://decrypt.co/41664/ethereum-2-0-on-track-for-november-launch-says-dev
Ethereum 2.0., the much-needed and much-delayed update to the Ethereum blockchain, is on track for a November 2020 launch, according to one of its developers.
In a blog post summing up recent updates on the long road to Ethereum 2.0, Raul Jordan, an Ethereum 2.0 developer with Ethereum infrastructure builder Prysmatic Lab, said that should various security checks and user experience polishes take place, “November is still looking good for a launch from our perspective.”
Source https://decrypt.co/41664/ethereum-2-0-on-track-for-november-launch-says-dev
Omg, this is gonna be a terrible news for the Ethereum Community if the dev team couldn't release ETH 2.0 in the decided time frame. Getting stick to the Roadmap is a must for a project such as Ethereum, playing with investors trust in the team and the project could be harmless, take a look at the last movements of Eth's price and you'll see how bad the effect of these news on the valuation of the coin.
What? It was scheduled to be implemented by January 30, 2017
So yes soon 4 years late. It took less time to prepare to fly to the moon than to write some lines of code, let that sink in.
I'm already tired of waiting for ETH 2.0 to be released, after all, there have been many articles reporting that ETH 2.0 might not be
able to finish problems with high gas fees. This negative news that has started to spread is one of the factors why the price of Ethereum
continues to fall in the market. Even so, Ethereum's popularity is still quite high, so it should still be safe to invest in Ethereum for now.
able to finish problems with high gas fees. This negative news that has started to spread is one of the factors why the price of Ethereum
continues to fall in the market. Even so, Ethereum's popularity is still quite high, so it should still be safe to invest in Ethereum for now.
Omg, this is gonna be a terrible news for the Ethereum Community if the dev team couldn't release ETH 2.0 in the decided time frame. Getting stick to the Roadmap is a must for a project such as Ethereum, playing with investors trust in the team and the project could be harmless, take a look at the last movements of Eth's price and you'll see how bad the effect of these news on the valuation of the coin.
With the rise of the DeFi market. Ethereum blockchain now needs a lot more scalability. Transaction fees are astounding and it's becoming a bottleneck for current projects that provides Ethereum based products and services. PoS, although not good for miners, but will provide a lot more value in the long run. Network congestion can be fully solved with the update and a lot more space for expansion.
Just checked the median transaction fees for Ethereum and found that it is still below $1 per transaction. So at least when compared to the Bitcoin transactions, it is not exceptionally expensive. But at the same time, if DeFi expands significantly, then there may be network congestion and the transaction fee can go up astronomically. The developers need to make sure that this does not happen.
maybe because the number of transactions on Ethereum is reduced and making Gas is also reduced
With the rise of the DeFi market. Ethereum blockchain now needs a lot more scalability. Transaction fees are astounding and it's becoming a bottleneck for current projects that provides Ethereum based products and services. PoS, although not good for miners, but will provide a lot more value in the long run. Network congestion can be fully solved with the update and a lot more space for expansion.
Just checked the median transaction fees for Ethereum and found that it is still below $1 per transaction. So at least when compared to the Bitcoin transactions, it is not exceptionally expensive. But at the same time, if DeFi expands significantly, then there may be network congestion and the transaction fee can go up astronomically. The developers need to make sure that this does not happen.
You are forgetting about the fees that you get charged with, when you interact with a DeFi protocol.
Those can run op to $100 for a single transaction. Since DeFi traffic is still immensely high, people will still need to pay
those very high fees. Most people just choose to stay in that DeFi project, hoping those fees will drop in time too.
https://cointelegraph.com/news/using-a-defi-protocol-now-costs-more-than-50-as-ethereum-fees-skyrocket
https://cointelegraph.com/news/99-gas-fees-on-ethereum-are-crippling-defis-growth
I wonder if those fees will indeed drop to a more reasonable level. Has anyone notice them getting lower ?
With the rise of the DeFi market. Ethereum blockchain now needs a lot more scalability. Transaction fees are astounding and it's becoming a bottleneck for current projects that provides Ethereum based products and services. PoS, although not good for miners, but will provide a lot more value in the long run. Network congestion can be fully solved with the update and a lot more space for expansion.
Just checked the median transaction fees for Ethereum and found that it is still below $1 per transaction. So at least when compared to the Bitcoin transactions, it is not exceptionally expensive. But at the same time, if DeFi expands significantly, then there may be network congestion and the transaction fee can go up astronomically. The developers need to make sure that this does not happen.
It appears that the Defi experts also speculate more delays. The worse part of this is they do not think Eth 2.0 can solve the problem because of incompatibilites for their dapps to upgrade from Ethereum to Ethereum 2.0.
In any case, I speculate I know what project Vitalik and his friends are investing on to replace Ethereum if Eth 2.0 is a nothingburger hehehe.
DeFi experts say that Ethereum 2.0 is not the answer to high gas fees
DeFi experts and computer scientists got together on Sept. 3 for Cointelegraph China’s DeFi Marathon event shared their thoughts on the high gas fee potential solutions. Although they have different opinions on solutions, they all agreed that Ethereum 2.0 is not the answer to high transaction costs.
Sergej Kunz, CEO of the oldest decentralized exchange 1inch, Mounir Benchemled, the Founder and CEO of ParaSwap, a middleware layer that connects protocols, dApps and trading venues and professor Alex Kumanovic, co-founder at bloXroute Labs, a blockchain distribution network or BDN that allows global network communicate faster, said Ethererum 2.0 has its trade-offs. It still might not be scalable and secure enough to facilitate the users’ transactions.
The upgrade did not really anticipate the DeFi hype. So, to make sure everyone can get involved, the infrastructure needs to be thought through all over again. Kunz stated that:
“You have to rethink everything. You can migrate smart contracts to the code but it’s not not scalable. To be able to scale, you have to create standards and bring new protocols based on the new sharded architecture, such as NEAR which is similar to Ethereum 2.0.”
Mounir added that even though Ethereum 2.0 could scale, it might take too long for it to happen. The reason for the delay is mainly due to security. The core team has to make sure it's secure enough before launching it given how critical it is.
Kunz, Mounir and Kumanovic all agreed that it is not practical for all projects to move on the Ethereum 2.0 as well, stating:
“For it to work, all applications would need to move towards one single platform. Major projects might have consensus, however for other projects who have their own agendas, it might be hard. New bridges will be built to allow interoperability.”
Read in full https://cointelegraph.com/news/defi-experts-say-that-ethereum-20-is-not-the-answer-to-high-gas-fees
In any case, I speculate I know what project Vitalik and his friends are investing on to replace Ethereum if Eth 2.0 is a nothingburger hehehe.
DeFi experts say that Ethereum 2.0 is not the answer to high gas fees
DeFi experts and computer scientists got together on Sept. 3 for Cointelegraph China’s DeFi Marathon event shared their thoughts on the high gas fee potential solutions. Although they have different opinions on solutions, they all agreed that Ethereum 2.0 is not the answer to high transaction costs.
Sergej Kunz, CEO of the oldest decentralized exchange 1inch, Mounir Benchemled, the Founder and CEO of ParaSwap, a middleware layer that connects protocols, dApps and trading venues and professor Alex Kumanovic, co-founder at bloXroute Labs, a blockchain distribution network or BDN that allows global network communicate faster, said Ethererum 2.0 has its trade-offs. It still might not be scalable and secure enough to facilitate the users’ transactions.
The upgrade did not really anticipate the DeFi hype. So, to make sure everyone can get involved, the infrastructure needs to be thought through all over again. Kunz stated that:
“You have to rethink everything. You can migrate smart contracts to the code but it’s not not scalable. To be able to scale, you have to create standards and bring new protocols based on the new sharded architecture, such as NEAR which is similar to Ethereum 2.0.”
Mounir added that even though Ethereum 2.0 could scale, it might take too long for it to happen. The reason for the delay is mainly due to security. The core team has to make sure it's secure enough before launching it given how critical it is.
Kunz, Mounir and Kumanovic all agreed that it is not practical for all projects to move on the Ethereum 2.0 as well, stating:
“For it to work, all applications would need to move towards one single platform. Major projects might have consensus, however for other projects who have their own agendas, it might be hard. New bridges will be built to allow interoperability.”
Read in full https://cointelegraph.com/news/defi-experts-say-that-ethereum-20-is-not-the-answer-to-high-gas-fees
Similar to the bitcoin ETF series of delays, I have already speculated that Ethereum 2.0 might have its own series of delays. This news article might be the beginning of one report of many.
‘95% Confidence’: Ethereum Developers Pencil In July 2020 for Eth 2.0 Launch
Ethereum’s next system-wide upgrade, Eth 2.0, won’t launch in Q2 2020 as expected, but researchers remain confident the initial network parameters will deploy in 2020. Anything less would be considered a “failure,” they said
Read in full https://www.coindesk.com/95-confidence-ethereum-developers-pencil-in-july-2020-for-eth-2-0-launch
‘95% Confidence’: Ethereum Developers Pencil In July 2020 for Eth 2.0 Launch
Ethereum’s next system-wide upgrade, Eth 2.0, won’t launch in Q2 2020 as expected, but researchers remain confident the initial network parameters will deploy in 2020. Anything less would be considered a “failure,” they said
Read in full https://www.coindesk.com/95-confidence-ethereum-developers-pencil-in-july-2020-for-eth-2-0-launch
With the rise of the DeFi market. Ethereum blockchain now needs a lot more scalability. Transaction fees are astounding and it's becoming a bottleneck for current projects that provides Ethereum based products and services. PoS, although not good for miners, but will provide a lot more value in the long run. Network congestion can be fully solved with the update and a lot more space for expansion.
I suspect a lot of people don't understand what the 2.0 update includes, or how long this update will take to fully implement (it is a multi-year update).
https://consensys.net/knowledge-base/ethereum-2/faq/
Now take a guess which phase a congested network like Ethereum with its rising gas fees really needs ? Which phase will really fix things for its network ?
https://consensys.net/knowledge-base/ethereum-2/faq/
Now take a guess which phase a congested network like Ethereum with its rising gas fees really needs ? Which phase will really fix things for its network ?
However, that update was promised 1 year ago and had been delayed a few times already. I speculate more delays and Eth 2.0 might not be online on 2021.
The phase 0 beacon chain will be released with a small delay, however, it might not develop more than that for maybe 2 years. But it will be good for investors, they can pump Eth 1.0 to have Eth 2.0 and pump that more hehehe.
Jump to: