Topic: Ethereum 2.0 what to expect (Read 568 times)
ethereum 2.0 in my opinion can have an effect for gas costs which may be smaller than before but hopefully when demand is high and the etheruem blockchain network increases hopefully the gas costs for making transactions also don't go back to being expensive again.
...the current situation will continue to improve, because it is estimated that by the end of the year there will be an increase in all coins starting with an increase in bitcoin, we are waiting when we enter the beginning of Q4, hopefully this hope can be real.
It is very difficult and inaccurate to make such forecasts for the price that will be at the end of the year. In the market, it is not known with 100% probability what will happen tomorrow and in which direction the price will turn. Therefore, if possible, we need to fix the profit that the market gives us today.
so we need to follow the developments and movements of the market itself,
indeed things like that certainly take time and energy but it will give us benefits too
There is so much noise around the update, I recently read an article on the subject, namely, how this update will affect the linemen and not only.
https://blockster.com/blockdesk/1120_how-will-the-ethereum-2-0-upgrade-affect-eth-miners
https://blockster.com/blockdesk/1120_how-will-the-ethereum-2-0-upgrade-affect-eth-miners
...the current situation will continue to improve, because it is estimated that by the end of the year there will be an increase in all coins starting with an increase in bitcoin, we are waiting when we enter the beginning of Q4, hopefully this hope can be real.
It is very difficult and inaccurate to make such forecasts for the price that will be at the end of the year. In the market, it is not known with 100% probability what will happen tomorrow and in which direction the price will turn. Therefore, if possible, we need to fix the profit that the market gives us today.
As developers keep improving the ethereum blockchain, even though previous ethereum hard forks failed to solve the problem of high fees in the ethereum blockchain.
But with the new London fork proposal 1559 which will offer a new fee system that burned all transactions fees instead of miners determining the fees, this will remove more ethereum from circulation causing demand to rise because of scarcity which will ultimately lead to an increase in price and fewer transactions on the ethereum network.
What are your expectations from this and how it will affect the overall ethereum ecosystem?
More people will continue to move to L2 and sidechains like polygon and NEAR Aurora. But with the new London fork proposal 1559 which will offer a new fee system that burned all transactions fees instead of miners determining the fees, this will remove more ethereum from circulation causing demand to rise because of scarcity which will ultimately lead to an increase in price and fewer transactions on the ethereum network.
What are your expectations from this and how it will affect the overall ethereum ecosystem?
I believe that the main reason for the growth of the Ethereum price is the growth of the bitcoin price. And accordingly, the price increased not only for Ethereum, but also for other altcoins, although they did not have any fork) But the London fork will have a positive impact on the price of ETH in the long term, when the number of coins burned will be more noticeable in relation to the circulating supply.
If the total burned coin is high enough then maybe in the future the it will help increase the price and make the market of eth bullrun again even when it should be in market correction.Right now the price is already higher than few weeks ago but im not sure if that is the effect of the coin burning. If the coin burned is too few then it will not have any significant impact to the market. Although this coin burning should not be considered as the main reason for traders to whether buy or not but it still more or less will have impact maybe in the future.
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I believe that the main reason for the growth of the Ethereum price is the growth of the bitcoin price. And accordingly, the price increased not only for Ethereum, but also for other altcoins, although they did not have any fork) But the London fork will have a positive impact on the price of ETH in the long term, when the number of coins burned will be more noticeable in relation to the circulating supply.
the current situation will continue to improve, because it is estimated that by the end of the year there will be an increase in all coins starting with an increase in bitcoin, we are waiting when we enter the beginning of Q4, hopefully this hope can be real.
...probably the main reason why Ethereum price skyrocketed to $3k so fast, after this EIP-1559, I will be expecting chaos when eth 2.0 goes live, it will pump even harder.
I believe that the main reason for the growth of the Ethereum price is the growth of the bitcoin price. And accordingly, the price increased not only for Ethereum, but also for other altcoins, although they did not have any fork) But the London fork will have a positive impact on the price of ETH in the long term, when the number of coins burned will be more noticeable in relation to the circulating supply.
...probably the main reason why Ethereum price skyrocketed to $3k so fast, after this EIP-1559, I will be expecting chaos when eth 2.0 goes live, it will pump even harder.
I believe that the main reason for the growth of the Ethereum price is the growth of the bitcoin price. And accordingly, the price increased not only for Ethereum, but also for other altcoins, although they did not have any fork) But the London fork will have a positive impact on the price of ETH in the long term, when the number of coins burned will be more noticeable in relation to the circulating supply.
As developers keep improving the ethereum blockchain, even though previous ethereum hard forks failed to solve the problem of high fees in the ethereum blockchain.
my expectation was that the gas fee would go down a lot, although after a few days hardfork was over and there was no reflection yet, i think it would progress slowly. due to the high fees, many people are unable to use eth blockchain,
without eduction there are scope to use this expensive network.
ethereum 2.0 in my opinion can have an effect for gas costs which may be smaller than before but hopefully when demand is high and the etheruem blockchain network increases hopefully the gas costs for making transactions also don't go back to being expensive again.
We hope that what ethereum does by innovating is a complete change, including issues that have been a problem so far, enough to be discussed so that many other platforms emerge to avoid the high costs that ethereum does. hopefully what is done with eth 2.0 will be able to accommodate one of the high-cost ethereum, hopefully what we hope can be realized. 
As developers keep improving the ethereum blockchain, even though previous ethereum hard forks failed to solve the problem of high fees in the ethereum blockchain.
But with the new London fork proposal 1559 which will offer a new fee system that burned all transactions fees instead of miners determining the fees, this will remove more ethereum from circulation causing demand to rise because of scarcity which will ultimately lead to an increase in price and fewer transactions on the ethereum network.
What are your expectations from this and how it will affect the overall ethereum ecosystem?
But with the new London fork proposal 1559 which will offer a new fee system that burned all transactions fees instead of miners determining the fees, this will remove more ethereum from circulation causing demand to rise because of scarcity which will ultimately lead to an increase in price and fewer transactions on the ethereum network.
What are your expectations from this and how it will affect the overall ethereum ecosystem?
Long waiting for my beloved darling ETH 2.0. I had planned to inverse my profit from Ethereum into upcoming 2.0. Like this we need to keep on investing for the decent profit in short period. Reinvestment is important one in the trading,most of traders skipping reinvestment. They just keep the profit for their expenses, instead of investing again.
The London fork has been one of the most talked about topic for a while now and it's feels good to actually see the EIP 1559 finally executed after the delay, tbh I never read the proposal or knew what to expect from this London fork, I only heard about it in sometime during May after the proposal was accepted and now its live and have been hearing about eth burn for over a week now, probably the main reason why Ethereum price skyrocketed to $3k so fast, after this EIP-1559, I will be expecting chaos when eth 2.0 goes live, it will pump even harder.
Ethereum's transaction fee will be reduced, this is what I expect from the new development of Ethereum. Today I have deposited in an ERC20 token in market and it has a transaction fee of $8. I sold the token for $16. This is pathetic.
This is my question since the hardfork, not even the price pump. When will the price of transaction reduce? I expect something in the value of binance chain and Tron for transaction.For more information, you can read here
https://www.coindesk.com/ethereum-london-fork-launch-date-august
The ethereum London hard fork will eliminate miner hold on the ethereum blockchain. The transaction fees will now reflect the true network system, miners will no longer manipulate the network just to increase transactions fees.
But its hasn't changed anything so far, ether are burnt everyday since the hard fork and I am yet to see it effect because right now, the fee are still crazy especially now that the whole market is green and seems we are about to get into another bullrun wave. I really hope the same high fees wouldn't comes back. I made transaction of ether ( not ERC-20) and I was shocked when the transaction fee was around $5.6. That's still high mehn
The commission on the network is not related to the burning of coins, which was introduced by the fork London. Some of the coins that miners previously received for confirming transactions are burned. Thus, the reduction in the number of coins or their burning occurred due to the fact that part of the reward was taken from the miners, after which they began to receive less reward.
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I think it will have an impact on the increase in the price of ETH, we know that every day there are so many ETH transactions and also after becoming V2.0 the supply of eth will be limited and will not continue to decrease because of the burning of fees carried out like now, maybe the price of eth will reach 10k $ or more.
of course the price will go up when Ethereum 2.0 is successfully released. In addition, many sectors of the Ethereum ecosystem will experience rapid development. Indirectly, the users of ERC-20 tokens will grow and also the number of transactions that occur on the Ethereum blockchain network will increase drastically.
Low transaction fees will affect traffic density on a blockchain network. In addition, transaction speed is also a consideration so that users prefer the related blockchain platform.
ETH 2.0 will do just that and if it works, then BNB will have to prepare for other innovations.
As developers keep improving the ethereum blockchain, even though previous ethereum hard forks failed to solve the problem of high fees in the ethereum blockchain.
But with the new London fork proposal 1559 which will offer a new fee system that burned all transactions fees instead of miners determining the fees, this will remove more ethereum from circulation causing demand to rise because of scarcity which will ultimately lead to an increase in price and fewer transactions on the ethereum network.
What are your expectations from this and how it will affect the overall ethereum ecosystem?
What I expect is a lot smaller gas fee, if that doesn't happen then all of this is for nothing. However I am also expecting a good amount of profit as well for me, I do not have 32+ ethereum, but I am working on it, if one day I could actually do that, then I am going to definitely do that, I am going to buy 32 eth and then put it on stake and then make profit from it, the amount I will be making from it will go towards buying other stuff as well and grow my portfolio, I can sell everything right now and it doesn't even make 10 eth just yet, or there about for now, I need to make 3x profit on what I have right now to get there, afterwards it is easier to make money because every year I will have enough to actually buy other coins and tokens, and they will make me some profit too hopefully.But with the new London fork proposal 1559 which will offer a new fee system that burned all transactions fees instead of miners determining the fees, this will remove more ethereum from circulation causing demand to rise because of scarcity which will ultimately lead to an increase in price and fewer transactions on the ethereum network.
What are your expectations from this and how it will affect the overall ethereum ecosystem?
With that being said, profit is not the only thing, there will be a technological proof that POS works too, which matters a lot.
Eth have high costs of transfers. New version 2.0. will bring low costs for users I hope and we have to wait a bit more. We need to be patient, that all we know sure.
Im not sure about that. I didn't even see the blocksize has become a priority in the update. that means if there could be yes or not. Ethereum may get a cheap fees or never. it depends on what kind of update that will come soon and if there will be a blocksize increase and that would be fine.
If you do not want to pay large commissions, then you will have to use solutions of the 2nd level, for example, optimism or polygon.
Interesting moments happen on the Ethereum network when more coins are burned in 1 hour than miners mine
https://twitter.com/ethburnbot/status/1425230784164556803?
And there is even such a commission
The ethereum London hard fork will eliminate miner hold on the ethereum blockchain. The transaction fees will now reflect the true network system, miners will no longer manipulate the network just to increase transactions fees.
But its hasn't changed anything so far, ether are burnt everyday since the hard fork and I am yet to see it effect because right now, the fee are still crazy especially now that the whole market is green and seems we are about to get into another bullrun wave. I really hope the same high fees wouldn't comes back. I made transaction of ether ( not ERC-20) and I was shocked when the transaction fee was around $5.6. That's still high mehn
High fees is bad really, but it drops then go high again. Just checked, it is 35 gwei. Still high. Eth needs to solve high fees problem, hope will be done 2.0. soon.
The ethereum London hard fork will eliminate miner hold on the ethereum blockchain. The transaction fees will now reflect the true network system, miners will no longer manipulate the network just to increase transactions fees.
But its hasn't changed anything so far, ether are burnt everyday since the hard fork and I am yet to see it effect because right now, the fee are still crazy especially now that the whole market is green and seems we are about to get into another bullrun wave. I really hope the same high fees wouldn't comes back. I made transaction of ether ( not ERC-20) and I was shocked when the transaction fee was around $5.6. That's still high mehn
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