Topic: Ethereum vs Eth2 (Read 157 times)
I think with the increasing of the number of transactions per second and reducing the cost of transactions and with the addition of this new process of validation (staking). In my opinion all these factors will drive the price up and make eth 2.0 growth better than eth right now.
Even according to the developers, the problem of eth is a combination of three important details at once - decentralization, scalability and security. it is not difficult to create a system consisting of two of the three components, but it is not yet possible to connect all three components. Buterin's idea is to have thousands of transactions per second, without supernodes. Sharding technology is considered as an option.
In my opinion Eth2 It may be the evolutionary departure of Ethereum but it may take some time or even more than a year. People are conservative about this issue and we know that Vitalik is visionary but it may not be the time to make a big analysis or point the way. However, at the moment Eth2 is being higher to normal Ethreum because the technology and speed are higher based on the theory and bets of large investors.
Yes, if there will be eth 2.0, will the previous version be still operational? I don't know much about what will truly happen, but I thought eth 2.0 is the improved version of the first version. So once this 2.0 version is fully working, then the old one will be obsolete??
I think .......................
I hope this answers your question.
Let me guess you are the one who personally turns of the lights at Ethereums miners.
Yes, if there will be eth 2.0, will the previous version be still operational? I don't know much about what will truly happen, but I thought eth 2.0 is the improved version of the first version. So once this 2.0 version is fully working, then the old one will be obsolete??
right now there is a transition from ETH to ETH2.0 the transition will be completed in 4 phases. which are phase 0, phase 1, phase 1.5, phase 2
the ether mainnet is currently operational and whatever transactions etc you will do today will happen on the previous ETH mainnet.
I think they will do sharding in phase 1.5, it will formally shift from PoW to PoS. (ETH2.0 will obviously be on PoS)
After Phase 2 they will commence "docking" which will turn mainnet into a shard within the new system. Miners will no longer be needed as all of Ethereum will be secured by validators in ETH2.0
I hope this answers your question.
Eth to eth 2.0 conversion will be automatic and basically they are one and the same coin so why do we even need this comparison?
Secondly we need to understand that eth 2.0 is a set of upgrades and improvements in the eth network that can take 1 to 2 more years to take place.
Even when you have wanna become ethereum 2.0 validators and what you need to deposit your current ethereum to the staking deposit contract. The transition from the ethereum POW to the POW will be happening and I thought that also if this comparison is not really needed at all. Ethereum could also go for the hybrid system that will make both become co-exist. Secondly we need to understand that eth 2.0 is a set of upgrades and improvements in the eth network that can take 1 to 2 more years to take place.
Yes, if there will be eth 2.0, will the previous version be still operational? I don't know much about what will truly happen, but I thought eth 2.0 is the improved version of the first version. So once this 2.0 version is fully working, then the old one will be obsolete??
Eth to eth 2.0 conversion will be automatic and basically they are one and the same coin so why do we even need this comparison?
Secondly we need to understand that eth 2.0 is a set of upgrades and improvements in the eth network that can take 1 to 2 more years to take place.
Even when you have wanna become ethereum 2.0 validators and what you need to deposit your current ethereum to the staking deposit contract. The transition from the ethereum POW to the POW will be happening and I thought that also if this comparison is not really needed at all. Ethereum could also go for the hybrid system that will make both become co-exist. Secondly we need to understand that eth 2.0 is a set of upgrades and improvements in the eth network that can take 1 to 2 more years to take place.
Eth to eth 2.0 conversion will be automatic and basically they are one and the same coin so why do we even need this comparison?
Secondly we need to understand that eth 2.0 is a set of upgrades and improvements in the eth network that can take 1 to 2 more years to take place.
Secondly we need to understand that eth 2.0 is a set of upgrades and improvements in the eth network that can take 1 to 2 more years to take place.
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I support eth 2.0 because it's what we all been waiting for, at least to solve this high transaction fees problems that have been the major problem with Ethereum blockchain, I believe that come 2021, as soon as phase 1 is launched, many projects will be migrating to eth 2.0 and that will mean the beginning of its unending growth.
Whichever the community supports, we have no choice but just to follow the rounds and adopt what is winning. ETH or ETH2 as long as it retains the Ethereum that I'm holding right now, I have no problems with that. 
OP explained very well for the fees. Before, Ethereum's gas or fee isn't really that much. It was named as one of the altcoins to have the cheapest transaction fees way back years ago but due to the demand, it has increased. And the same could come around for ETH2, when there's already a huge demand and too many users and transactions, it will increase gradually.
OP explained very well for the fees. Before, Ethereum's gas or fee isn't really that much. It was named as one of the altcoins to have the cheapest transaction fees way back years ago but due to the demand, it has increased. And the same could come around for ETH2, when there's already a huge demand and too many users and transactions, it will increase gradually.
I believe ETH2.0 will have the highest marketcap in one year cause the communities ask for an upgrade with scalable network on the Ethereum network and Vitalik see ETH2.0 as the perfect solution and the project was able to make up to $888M worth of ETH in just some weeks though it maybe a lame network in the eye of miners.
Who will have higher marketcap in exactly one year
Effectively it is a numbers game if there is more miners Ethereum wins if more stake Eth2 wins.
Right now way more miners as only Vitalik and gang can afford the amount of coins to stake.
A fair estimate can be made how many Eth will be mined it is impossible to know how many Eth2 will be generated. The only rough guide is from Peercoin with a 1% staking reward since beginning.
The other unknown at this stage Eth2 fees, low at beginning then increase as more users use it. Eth high now as less user use it gets lower and lower. Eth2 marketcap everyone can work out, low now, as it increases, Eth marketcap decreases.
Honest miners vs money for nothing stakers, game one.
There is also the legal aspect Eth no concern, Eth2 a potential unlicensed Security and a total wipe out possible.
The sad part, unlike hardforks where you end up with 2 and option of selling one chains coin
Creating a new chain gives the user only the option of committing to one or the other chain
Eth Genesis block https://blockchair.com/ethereum/block/0 (Ethereum-chain 2015-07-30)
Eth2 Genesis block https://beaconcha.in/block/0 (beacon-chain 01/12/2020)
Obviously Eth 2.0 will be much bigger because it will launch during a bull run and also it is expected to have deflationary model alongwith more use cases and efficiency lastly staking that will drive even more demand. Effectively it is a numbers game if there is more miners Ethereum wins if more stake Eth2 wins.
Right now way more miners as only Vitalik and gang can afford the amount of coins to stake.
A fair estimate can be made how many Eth will be mined it is impossible to know how many Eth2 will be generated. The only rough guide is from Peercoin with a 1% staking reward since beginning.
The other unknown at this stage Eth2 fees, low at beginning then increase as more users use it. Eth high now as less user use it gets lower and lower. Eth2 marketcap everyone can work out, low now, as it increases, Eth marketcap decreases.
Honest miners vs money for nothing stakers, game one.
There is also the legal aspect Eth no concern, Eth2 a potential unlicensed Security and a total wipe out possible.
The sad part, unlike hardforks where you end up with 2 and option of selling one chains coin
Creating a new chain gives the user only the option of committing to one or the other chain
Eth Genesis block https://blockchair.com/ethereum/block/0 (Ethereum-chain 2015-07-30)
Eth2 Genesis block https://beaconcha.in/block/0 (beacon-chain 01/12/2020)
I practically don't see either of the two having upper hand over the other. Whether the mining based Ethereum or the staking based Ethereum 2.0, both are based on the same blockchain and are likely to be viewed the same. As regarding their price appreciation over the next year, I expect the 2.0 version to slightly take the lead due to the usual growing interest on anything new and the growing interest in the staking DeFi ecosystem.
I support ETH 2.0
Because, A we can see the transaction fee us high in ETH. After the lunch of ETH 2.0 it will help for transaction with low cost. 2nd thing after it's lunching we can see a proper growth in price. So I think ETH 2.0 will be better than ETH and also Volume and all things will increase.
Because, A we can see the transaction fee us high in ETH. After the lunch of ETH 2.0 it will help for transaction with low cost. 2nd thing after it's lunching we can see a proper growth in price. So I think ETH 2.0 will be better than ETH and also Volume and all things will increase.
Who will have higher marketcap in exactly one year
Effectively it is a numbers game if there is more miners Ethereum wins if more stake Eth2 wins.
Right now way more miners as only Vitalik and gang can afford the amount of coins to stake.
A fair estimate can be made how many Eth will be mined it is impossible to know how many Eth2 will be generated. The only rough guide is from Peercoin with a 1% staking reward since beginning.
The other unknown at this stage Eth2 fees, low at beginning then increase as more users use it. Eth high now as less user use it gets lower and lower. Eth2 marketcap everyone can work out, low now, as it increases, Eth marketcap decreases.
Honest miners vs money for nothing stakers, game one.
There is also the legal aspect Eth no concern, Eth2 a potential unlicensed Security and a total wipe out possible.
The sad part, unlike hardforks where you end up with 2 and option of selling one chains coin
Creating a new chain gives the user only the option of committing to one or the other chain
Eth Genesis block https://blockchair.com/ethereum/block/0 (Ethereum-chain 2015-07-30)
Eth2 Genesis block https://beaconcha.in/block/0 (beacon-chain 01/12/2020)
Effectively it is a numbers game if there is more miners Ethereum wins if more stake Eth2 wins.
Right now way more miners as only Vitalik and gang can afford the amount of coins to stake.
A fair estimate can be made how many Eth will be mined it is impossible to know how many Eth2 will be generated. The only rough guide is from Peercoin with a 1% staking reward since beginning.
The other unknown at this stage Eth2 fees, low at beginning then increase as more users use it. Eth high now as less user use it gets lower and lower. Eth2 marketcap everyone can work out, low now, as it increases, Eth marketcap decreases.
Honest miners vs money for nothing stakers, game one.
There is also the legal aspect Eth no concern, Eth2 a potential unlicensed Security and a total wipe out possible.
The sad part, unlike hardforks where you end up with 2 and option of selling one chains coin
Creating a new chain gives the user only the option of committing to one or the other chain
Eth Genesis block https://blockchair.com/ethereum/block/0 (Ethereum-chain 2015-07-30)
Eth2 Genesis block https://beaconcha.in/block/0 (beacon-chain 01/12/2020)
currently ethereum will close 2020 with a higher market cap than eth2
current marketcap is $66,457,808,588
once phase 1 of eth2 launches, then the dynamics will start to change and the marketcap of eth2 will also increase.
Very easy for exchange and such to stake because no investment just wait for people to deposit coins then stake and make free money and sell it.
Futures trading
https://trade.kucoin.com/ETH2-ETH
Futures trading
https://trade.kucoin.com/ETH2-ETH
Who will have higher marketcap in exactly one year
Effectively it is a numbers game if there is more miners Ethereum wins if more stake Eth2 wins.
Right now way more miners as only Vitalik and gang can afford the amount of coins to stake.
A fair estimate can be made how many Eth will be mined it is impossible to know how many Eth2 will be generated. The only rough guide is from Peercoin with a 1% staking reward since beginning.
The other unknown at this stage Eth2 fees, low at beginning then increase as more users use it. Eth high now as less user use it gets lower and lower. Eth2 marketcap everyone can work out, low now, as it increases, Eth marketcap decreases.
Honest miners vs money for nothing stakers, game one.
There is also the legal aspect Eth no concern, Eth2 a potential unlicensed Security and a total wipe out possible.
The sad part, unlike hardforks where you end up with 2 and option of selling one chains coin
Creating a new chain gives the user only the option of committing to one or the other chain
Eth Genesis block https://blockchair.com/ethereum/block/0 (Ethereum-chain 2015-07-30)
Eth2 Genesis block https://beaconcha.in/block/0 (beacon-chain 01/12/2020)
Effectively it is a numbers game if there is more miners Ethereum wins if more stake Eth2 wins.
Right now way more miners as only Vitalik and gang can afford the amount of coins to stake.
A fair estimate can be made how many Eth will be mined it is impossible to know how many Eth2 will be generated. The only rough guide is from Peercoin with a 1% staking reward since beginning.
The other unknown at this stage Eth2 fees, low at beginning then increase as more users use it. Eth high now as less user use it gets lower and lower. Eth2 marketcap everyone can work out, low now, as it increases, Eth marketcap decreases.
Honest miners vs money for nothing stakers, game one.
There is also the legal aspect Eth no concern, Eth2 a potential unlicensed Security and a total wipe out possible.
The sad part, unlike hardforks where you end up with 2 and option of selling one chains coin
Creating a new chain gives the user only the option of committing to one or the other chain
Eth Genesis block https://blockchair.com/ethereum/block/0 (Ethereum-chain 2015-07-30)
Eth2 Genesis block https://beaconcha.in/block/0 (beacon-chain 01/12/2020)
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