Everyone waiting for v2.0 but... | Bitcointalksearch.org

fortunecrypto

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Quote from: lienfaye on August 19, 2020, 12:30:16 AM

If there are some issues needed to resolve first then it would be better to delay the update.

We are not in hurry here to switch for the new eth 2.0, take it slowly but surely.

There are always perfect time for this, the moment it will run perfectly and no difficulties/problem on their network.

I also want them to take easy until they perfected it even if there are momentum or clamor to launch it, it's better to wait than launching a platform that has a lot of bugs, people can still wait as long as they keep their promise that they are going to launch it with no bugs and one of the proofs that they are serious is when they launch a bug bounty.

albon

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Quote from: imstillthebest on August 20, 2020, 09:27:49 AM

Quote from: lienfaye on August 19, 2020, 12:30:16 AM

If there are some issues needed to resolve first then it would be better to delay the update.

We are not in hurry here to switch for the new eth 2.0, take it slowly but surely.

There are always perfect time for this, the moment it will run perfectly and no difficulties/problem on their network.

its okay if they released it not perfect because its only on its first stage and its normal for a new software to experience a bug or some errors because there are people that are really excited and cant wait any longer .

for us its okay because like me , eth is not my priority but i tend to foccus more on other coins . eth is still fine atm so no need to rush on my side

As a huge project like Ethereum, satisfying the enthusiasts' desires and urgency in issuing improvements to Ethereum in a short time may lead to serious problems for the token, its price may decline and this will affect millions of ETH holders, so I am with them in taking enough time to do this release and try it until it is completely free of errors, Even if the issuance of Ethereum 2.0 is delayed, we are still on Ethereum 1.0 and are making good profits from it. We hope that things will go well in the future.

Spaffin

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Many cryptocurrency users are skeptical about the constant postponement of Ethereum 2.0 updates, but I think that the developers adequately assess all the risks and therefore are in no hurry to provide the public with an update due to possible errors. But I have very high hopes for the possibility of getting a reward for staking, although it is clear that the result in this situation will primarily depend on the price of ethereum.

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Quote from: ijeb on August 17, 2020, 05:07:30 PM

In my opinion they should not rush according to the pressure of the community but focus on the upcoming challenges and to delay it as much as needed.

I like on this point, many people don't care about it. And I totally agree about should not rush according to the pressure of the community, because rushing will make things got worse. I've also seen many projects rush to launch the project but ended in failure. We don't want it to happen to ethereum so it's okay if delay it as much as necessary.

imstillthebest

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Quote from: lienfaye on August 19, 2020, 12:30:16 AM

If there are some issues needed to resolve first then it would be better to delay the update.

We are not in hurry here to switch for the new eth 2.0, take it slowly but surely.

There are always perfect time for this, the moment it will run perfectly and no difficulties/problem on their network.

its okay if they released it not perfect because its only on its first stage and its normal for a new software to experience a bug or some errors because there are people that are really excited and cant wait any longer .

for us its okay because like me , eth is not my priority but i tend to foccus more on other coins . eth is still fine atm so no need to rush on my side

suzanne5223

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We can't blame those Ethereum enthusiasts who seem to be impatience because Vitalik was the reason behind it all cause the Devs in charge of the project ETH2.0 have already told him that its impossible to finish the whole concept in a short timeframe but he demanded not to wait which I think could because of the communities statement but he shouldn't have do cause there's nothing bad in waiting for something that worth waiting for.

lienfaye

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If there are some issues needed to resolve first then it would be better to delay the update.

We are not in hurry here to switch for the new eth 2.0, take it slowly but surely.

There are always perfect time for this, the moment it will run perfectly and no difficulties/problem on their network.

jossiel

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Quote from: ijeb on August 17, 2020, 05:07:30 PM

In my opinion they should not rush according to the pressure of the community but focus on the upcoming challenges and to delay it as much as needed.

I'm with you with this. They don't have to rush, it's better to be slowly but surely so that everything will be polished according to what they have promised.

Unlike if they will push it to a quicker implementation with unfinished development. There will be more problems that will be faced in the future if they won't furnished it slowly. We like ETH's problem to be solved and I also think that it's the best way for them to have this development before releasing it.

justdimin

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Honestly waiting is not the problem, we know it will happen and as long as it doesn't get cancelled and that means the longer it takes the more ethereum I am saving up. That is how you should be thinking about this as well, you are not going to suddenly become rich if V2 comes today, you are not going to be suddenly rich if it comes in a year neither, however if it takes another year you will have time for a whole year to get as much ethereum as you possibly can which is why I like it when it gets postponed.

We are talking about the biggest blockchain change in the recent crypto history, the only bigger thing I can remember is when bitcoin moved to segwit and how miners tried to stop it and moved to their own coins, that is why I believe it is quite important to let V2 be ready whenever it wants without pressure.

Argoo

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Quote from: CuriousGeorge on August 18, 2020, 09:32:55 AM

Quote from: ElmedoRator on August 18, 2020, 09:11:20 AM

Everything should be done carefully, so I look forward to a very complete update in the future as well. If the update goes down I believe it will cause the price of ETH to crash

Everything has already prepared by ethereum developers and i think that there will always be some problems in the process of the update but it can be passed easily. In fact ethereum is still on its way to go to the moon.

The main thing is that basically the improvements to Ethereum 2.0 are almost ready. There will always be some inconsistencies; without this, great things in new beginnings cannot do.
If the implementation of these improvements is once again delayed, it is unlikely that ethereum will fall in price because of this. Price fluctuations will, possibly, delay the growth. However, you need to give developers the opportunity to finish their business calmly and without unnecessary fuss.

coinfinger

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This is not something that they should be in a hurry to do. They have announced it, good and everyone is aware of it, there is no need to be in a hurry. So it’s best that they chill and take their time to work properly on the ETH 2.0. someone posted something about it earlier, saying that the projects needs some kind of support and when I checked, the number of people that have joined is not up to fifty percent.

Moreover this is not the first time that the ETH 2.0 version was talked about, since the first time it was mentioned , till now it has not been finished. Although they are quite close to the project being completed as of recent.

kingzpro

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Quote from: ijeb on August 17, 2020, 05:07:30 PM

Greetings to all,

So I found out that Ethereum v2.0 will be delayed, again.
In a recent podcast Vitalik said that technical implementation is bringing difficulties. He also added that in terms of use, some applications may fail and some of them may work flawlessly.

Do you think that digging deeper into technical aspect the the team is facing unsolvable issues or at some point everything on the chain will work just fine, just as promised?

In my opinion they should not rush according to the pressure of the community but focus on the upcoming challenges and to delay it as much as needed.

Yeah as a community member of ethereum i would definitely like eth 2.0 to be smooth and bug free. Because if it is launched with bugs it can be counter productive and can negatively effect the reputation of ethereum network which is the largest project in altcoin category and the supporters will not like to see anything like that for sure.

CuriousGeorge

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Quote from: ElmedoRator on August 18, 2020, 09:11:20 AM

Everything should be done carefully, so I look forward to a very complete update in the future as well. If the update goes down I believe it will cause the price of ETH to crash

Everything has already prepared by ethereum developers and i think that there will always be some problems in the process of the update but it can be passed easily. In fact ethereum is still on its way to go to the moon.

ElmedoRator

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Everything should be done carefully, so I look forward to a very complete update in the future as well. If the update goes down I believe it will cause the price of ETH to crash

dataispower

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Quote from: ijeb on August 17, 2020, 05:07:30 PM

In my opinion they should not rush according to the pressure of the community but focus on the upcoming challenges and to delay it as much as needed.

There is no way they will rush the launch of ETH 2.0 since there is a roadmap for that. After this Testnet, then stage 0, stage 1 before stage 2 which is the final stage. If ETH dev team fast track the launch due to community pressure, there'll definitely be errors and hence will be a total failure. I do hope all the wait worths it, aside the staking aspect, scalability problems need to be curtailed with ETH 2.0.

ethereumhunter

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I guess that miners don't really wait for Ethereum v2.0. Vitalik Buterin said that Ethereum would be switched to the PoS system 2 or 3 years ago, but it didn't happen. I've heard that the first time it will be PoS+PoW scheme. So, miners wouldn't leave Ethereum mining soon Cheesy

Maybe the project is not ready yet to launch ethereum v2.0, so they delayed to release the update. The teams still need to check everything before they release the update, so there will be no problem in the future. It is better to make sure everything can run well because it is related to the project itself. I am sure that ethereum v2.0 will launch at the right time after the team finishes the update. Miners now are making money from ethereum because the price increase higher.

qwizzie

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https://consensys.net/knowledge-base/ethereum-2/faq/

Quote

What is Ethereum 2.0?

Ethereum 2.0, also called Eth2 or “Serenity”, is the next upgrade to the Ethereum blockchain. Ethereum 2.0 will be released in multiple “Phases” starting in 2020 with Phase 0.
Each phase will improve the functionality and performance of Ethereum in different ways.

What is the Ethereum 2.0 roadmap? What are the phases of Ethereum 2.0?

Ethereum 2.0 is planned to be rolled out in at least three phases: Phase 0, 1, and 2. Phase 0 is planned to launch in 2020, with Phases 1 and 2 to be released in following years.

Phase 0: In the first phase of Ethereum 2.0, the “Beacon Chain” will be implemented. The Beacon Chain stores and manages the registry of validators, and will implement the
Proof of Stake (PoS) consensus mechanism for Ethereum 2.0. The original Ethereum PoW chain will continue to run alongside the new Ethereum PoS chain, ensuring there is no break in data continuity.

Phase 1: The second phase of Ethereum 2.0 will likely roll out in 2021. The primary improvement of Phase 1 is the integration of shard chains. Shard chains are a scalability mechanism in which
the Ethereum blockchain is “split” into 64 different chains, which allows for parallel transaction, storing, processing of information. At its most conservative estimate it will enable 64 times more
throughput than Ethereum 1.0, but it is designed to be able to handle several hundred times more data than Ethereum 1.0.

Phase 2: The third phase of Ethereum 2.0 will likely be launched in 2021 or 2022. This phase is currently less clearly defined than the above two phases, but will involve adding ether accounts and
enabling transfers and withdrawals, implementing cross-shard transfers and contract calls, building execution environments so that scalable applications can be built on top of Ethereum 2.0, and bringing
the Ethereum 1.0 chain into Ethereum 2.0 so that Proof of Work can finally be turned off.

Many further improvements are planned for research and development after Phase 2 is complete. Vitalik provides insight into some of these improvements in this easy-to-digest diagram.

Now looking at those phases, where do you think the upscaling (which will fix the current network congestion and high gas fees) will mostly take place ?

big kid

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Quote from: ijeb on August 17, 2020, 05:31:07 PM

Do you thing it is nothing done and all just about the hype and the profit?

OP has said literally nothing of you've just mentioned.
Its all about if the time spent on waiting and working on eth2.0 worth it or not.
I am not sure if Vitalik made right choice and it seems for me that he is wrong and should've done everything he could to speed up the process of launching the thing.

Bitstar_coin

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Quote from: asder250 on August 18, 2020, 03:08:14 AM

Ethereum v 2.0 platform is the most advanced blockchain project what we have ever seen. It is completely different from v 1.0. So I do not have any problem to wait a little bit longer but with the warranty that everything is well-tested and the code is safe. Ethereum 2.0 could be here for more than 10 years, so do you have problem to wait few months more?

Thats because it is in human nature to be anxious and impatient, I know there has been a lot of pressure on the eth dev team to release the v2. 0 as scheduled but being the expert on their field I guess they know better, releasing a half baked platform won't do anyone any good, it is better to feel disappointed with the delay and have a bug free platform when it is finally released.

asder250

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Ethereum v 2.0 platform is the most advanced blockchain project what we have ever seen. It is completely different from v 1.0. So I do not have any problem to wait a little bit longer but with the warranty that everything is well-tested and the code is safe. Ethereum 2.0 could be here for more than 10 years, so do you have problem to wait few months more?

tsaroz

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Truly said. Rushing on for a community pressure could be more devastating. The blockchain is working and the least thing we want it is to break. They should test it enough before releasing. It also should be an overall development to the blockchain. Just making it more sluggish to implement POS would not be good. They rather break older apps and smart contract to make a better environment for them in future than to make it sluggish to fit most of them.

seramania

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Quote from: ijeb on August 17, 2020, 05:07:30 PM

Greetings to all,

So I found out that Ethereum v2.0 will be delayed, again.
In a recent podcast Vitalik said that technical implementation is bringing difficulties. He also added that in terms of use, some applications may fail and some of them may work flawlessly.

Do you think that digging deeper into technical aspect the the team is facing unsolvable issues or at some point everything on the chain will work just fine, just as promised?

In my opinion they should not rush according to the pressure of the community but focus on the upcoming challenges and to delay it as much as needed.

maybe this is a strategy from vitalik. why is vitalik first giving 2.0 signal to people if it turns out it's delayed. won't that create unrest to the ethereum fans who have been waiting.
maybe there is another vital path that 2.0 will take to make 2.0 successful and we don't know what path he will take

erikoy

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Quote from: ser7878 on August 18, 2020, 02:23:25 AM

That is an unpopular opinion, but I tend to agree.
Eth 2.0 is really awaited update and the pressure from the eth community and social media is real and they literally don't have a chance to fail.
So its more reasonable to wait a bit longer to pass all tests twice before really putting it out

There is nothing to hurry though with the current situation of which eth still working good and miners are earning much also with high transaction fee now that eth had much number of transactions being made. Eth user too enjoying the hype that was being made to where market price of eth gone lots of increase lately. Let us just wait for it and we do not know that this time eth will get a record of all time high after the bitcoin.

hrunya102

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ETH 2.0 is not an update, it is a completely new project, and the team needs to make everything from ETH 1.0 also work, I think no one has ever encountered such a major problem, but the team at Ethereum is strong, we can only wait.

ser7878

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Quote from: ijeb on August 17, 2020, 05:07:30 PM

So I found out that Ethereum v2.0 will be delayed, again.
In a recent podcast Vitalik said that technical implementation is bringing difficulties. He also added that in terms of use, some applications may fail and some of them may work flawlessly.

Do you think that digging deeper into technical aspect the the team is facing unsolvable issues or at some point everything on the chain will work just fine, just as promised?
In my opinion they should not rush according to the pressure of the community but focus on the upcoming challenges and to delay it as much as needed.

That is an unpopular opinion, but I tend to agree.
Eth 2.0 is really awaited update and the pressure from the eth community and social media is real and they literally don't have a chance to fail.
So its more reasonable to wait a bit longer to pass all tests twice before really putting it out

Bitbtc8

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Quote from: ijeb on August 17, 2020, 05:07:30 PM

Greetings to all,

So I found out that Ethereum v2.0 will be delayed, again.
In a recent podcast Vitalik said that technical implementation is bringing difficulties. He also added that in terms of use, some applications may fail and some of them may work flawlessly.

Do you think that digging deeper into technical aspect the the team is facing unsolvable issues or at some point everything on the chain will work just fine, just as promised?

In my opinion they should not rush according to the pressure of the community but focus on the upcoming challenges and to delay it as much as needed.

You mean the failed testnest? This morning I read on crypto news that it's been fixed, no delay in eth 2.0 anymore mate, the development is so over and launch will commence very soon, right now I need to worry about getting more coins before it's too late

Barbut

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Quote from: Kotone on August 18, 2020, 12:57:37 AM

Quote from: ijeb on August 17, 2020, 05:07:30 PM

In my opinion they should not rush according to the pressure of the community but focus on the upcoming challenges and to delay it as much as needed.

I think thats why Vitalik set the bug bounty for hackers to really find flaws and error on the new system. Some would think that he is boastful or quite confident but lets rule out that he did that to make certain that there will be no drawbacks on the technology. I think thats a good way to address concern.

It's better to test it and make sure that updates will be flawless than to rush with that and to make mistakes. We all wait for an update, we all believe in the price boost after that. While we wait we can concentrate on earning more Ethereums, or to find money to invest in Ethereum while the price is not too high, and Ethereum price is on the rise, it's more expensive and in future can be even higher.

Kotone

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Quote from: ijeb on August 17, 2020, 05:07:30 PM

In my opinion they should not rush according to the pressure of the community but focus on the upcoming challenges and to delay it as much as needed.

I think thats why Vitalik set the bug bounty for hackers to really find flaws and error on the new system. Some would think that he is boastful or quite confident but lets rule out that he did that to make certain that there will be no drawbacks on the technology. I think thats a good way to address concern.

Kelvinid

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The technical issue is one reason that causes the delays
https://cointelegraph.com/news/vitalik-buterin-ethereum-20-presents-a-much-harder-challenge-than-we-thought

The team is preparing for it carefully to avoid any problems during launching. It was their call also to make it perfect and runs smoothly. They care much for it and protecting from any unwanted troubles so there is no need to hurry.

We all have been excited and eager to have their final say, but we also have to understand the situation that they have face today. It is absolutely a big pressure for them as people expect more for this.

Botnake

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Quote from: ijeb on August 17, 2020, 06:55:22 PM

Quote from: Maslate on August 17, 2020, 06:07:57 PM

How is it delayed? Do they gave an exact schedule to launch the ETH 2.0 ?

I think what I read is that it will be launch this year but they are not giving a specific date, so if its delayed, what's the new schedule?

Ps. I'd appreciate if you put some source of the information you shared.

I found the info on cointelegraph news

I check it and couldn't find it in the latest news. Are you sure it's a new publication?

Actually there's a lot of article we can read about ETH delaying their launch like this article (https://decrypt.co/35210/ethereum-2-0-delayed-vitalik-buterin-disagrees) published on Jul 11, 2020... so I guess this is not new to us, Vitalik and the ETH devs never promise a launch this year.

part of the content of the article I shared :

Quote

In brief
Ethereum 2.0 may not launch until 2021, according to Ethereum Foundation researcher Justin Drake.
Ethereum 2.0 transitions the network from a proof-of-work system. It's been in the works for years.
Vitalik Buterin, co-founder of Ethereum, has argued against Drake's claims and believes that Ethereum 2.0 is still on track to launch this year.

Inkdatar

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Quote from: reza7777 on August 17, 2020, 10:39:11 PM

better delayed than imposing but unsatisfactory results, but what I'm thinking now is will there be a dump on ethereum in a few days? should I sell it now and buy it when it's cheap?

They can delayed this upgrade but the thing is more users of this community awaiting for this to happen to launch this year. So there's a possibility the price of ethereum will affected and will experience of plummets in the market. We can say to sell at your expected rate or if you already earn a profit and buy back when there's a slight drop price. So let's observe what might gonna happen in ethereum in the following days or months.

Blue_oxen

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Quote from: S4VV4S on August 17, 2020, 11:41:08 PM

They already provide information that the Ethereum 2.0 launch would be divided into 3 phases until it was finished at the end of 2021. Indeed, many people are waiting for the launch of the new Ethereum platform, because they believe the price of ETH will increase dramatically after that.

Isn't that a right thing to expect? We all can see right now even the hype about ETH 2.0 can positively affect the market, which makes BTC, ETH and some altcoins increase lately. It would be a good thing if ETH and other altcoins can pump dramatically after the launch of ETH 2.0. I believe so! Not only me but also a lot of traders and investors believe in the same thing! They also expect that the pump of ETH can create a bullish season for altcoins.

S4VV4S

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They already provide information that the Ethereum 2.0 launch would be divided into 3 phases until it was finished at the end of 2021. Indeed, many people are waiting for the launch of the new Ethereum platform, because they believe the price of ETH will increase dramatically after that.

dragon695

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Quote from: robelneo on August 17, 2020, 11:01:14 PM

Every project sustainability is very much dependent on how their platform performs it is just right for the development team of Ethereum to delay launching if they think there are still bugs nobody should pressure Ethereum, the developer team knows that there are a lot of competitors and they want to make sure that things will go smoothly when they launch still enough time for investors to buy more Ethereum for preparation for the coming POS feature.

I agree with your opinion. I think the most important reason why the ETH developers team still hold the project is that they want to make sure everything goes right. ETH 2.0 is an important event for Ethereum particularly and for other projects generally. It carries such a great effect to the market, though, it's better be perfect when it launched!

robelneo

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Every project sustainability is very much dependent on how their platform performs it is just right for the development team of Ethereum to delay launching if they think there are still bugs nobody should pressure Ethereum, the developer team knows that there are a lot of competitors and they want to make sure that things will go smoothly when they launch still enough time for investors to buy more Ethereum for preparation for the coming POS feature.

reza7777

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better delayed than imposing but unsatisfactory results, but what I'm thinking now is will there be a dump on ethereum in a few days? should I sell it now and buy it when it's cheap?

Mulann2

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Quote from: ijeb on August 17, 2020, 05:07:30 PM

Greetings to all,

So I found out that Ethereum v2.0 will be delayed, again.
In a recent podcast Vitalik said that technical implementation is bringing difficulties. He also added that in terms of use, some applications may fail and some of them may work flawlessly.

Do you think that digging deeper into technical aspect the the team is facing unsolvable issues or at some point everything on the chain will work just fine, just as promised?

In my opinion they should not rush according to the pressure of the community but focus on the upcoming challenges and to delay it as much as needed.

Yeah, no need to rush, what is the point of releasing v 2.0 when it will be full of bugs, if the team are facing issues with the technical side which is very crucial to v2.0 working flawlessly better they take their time and find a workable solution, am sure everyone would not mind the delay as long as the deliver a bug free product at the end.

LouVandetta

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Quote from: ijeb on August 17, 2020, 05:07:30 PM

Snip.

Considering that we've been waiting for the new update as of late this sure is kinda a bad news for the community. As of now the price of ethereum is still on the safe light. But who knows about the investors, whether they'll take it as a good thing or the other way around.
But really, perfection takes times. They cannot just rushed things out and find lots of troubles/bugs at the end. People just want a good update because it will bring the best of ethereum if possible.

NavI_027

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Quote from: ijeb on August 17, 2020, 06:55:22 PM

Quote from: Maslate on August 17, 2020, 06:07:57 PM

How is it delayed? Do they gave an exact schedule to launch the ETH 2.0 ?

I think what I read is that it will be launch this year but they are not giving a specific date, so if its delayed, what's the new schedule?

Ps. I'd appreciate if you put some source of the information you shared.

I found the info on cointelegraph news

Here's the link: https://cointelegraph.com/news/mew-founder-the-full-reality-of-eth-20-is-still-years-away. Based on Kosala Hemachandra, MEW's founder, the full version of Eth 2.0 will be at least couple of years away.

Well, this is really not a good news for all of us Sad

. I'm worried that the current hype might lose eventually and go back again in the slow pace. But I hope not because the momentum will get wasted. Much better to celebrate Christmas with a bullish run, isn't it?

TravelMug

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Quote from: GreatArkansas on August 17, 2020, 09:17:07 PM

Quote from: aprilnot on August 17, 2020, 08:31:20 PM

(....)
If you look at the market situation, this delay might have an impact on Ethereum prices later. it could be that a few days after the 2.0 delay announcement the price will go down

I don't think so the price will be affected because if you think especially before when multiple postponed happened on the Ethereum 2.0, the price is still kicking.
But even if I am wrong and the price will be affected then it's still good, so people can still buy more on the lower price. Especially me, when I am waiting of Ethereum to fall down around $200 when it was around $300+, but now it's already $400+, lol.

As far as I can remember it did stall for quite sometime because of the postponement, and the latest pump started this July because that is what the original schedule for the release. That's why it was pump so hard up to this day.

So there are still chance that it can still fall around $200 if investors are going to take it negatively and shift their funds to other coins like bitcoin and then pump it again when there is another "final" date.

Let's see if the price are going to be affected.

GreatArkansas

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Quote from: aprilnot on August 17, 2020, 08:31:20 PM

(....)
If you look at the market situation, this delay might have an impact on Ethereum prices later. it could be that a few days after the 2.0 delay announcement the price will go down

I don't think so the price will be affected because if you think especially before when multiple postponed happened on the Ethereum 2.0, the price is still kicking.
But even if I am wrong and the price will be affected then it's still good, so people can still buy more on the lower price. Especially me, when I am waiting of Ethereum to fall down around $200 when it was around $300+, but now it's already $400+, lol.

smyslov

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There's an existing offer for bug bounty so I guess they have delayed it because participants found bugs on the platform and it's good that they delayed it, we don't need a platform with a lot of bugs because it will compromise a lot of things and this is not good for the whole community and Ethereum as well, so just need to wait for the next update no need to pressure them.

aprilnot

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I guess it should be postponed because they found some bugs during the testnet. After all, that's what testnet is for, so it's normal if after the testnet is running they find a problem and delay the launch.

If you look at the market situation, this delay might have an impact on Ethereum prices later. it could be that a few days after the 2.0 delay announcement the price will go down

hulla

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Quote from: ijeb on August 17, 2020, 05:31:07 PM

Do you thing it is nothing done and all just about the hype and the profit?

I dont think it something that have to do with hype and profit cause if it was we would have see some crypto community people who would have figured it out. However, the DEVs have said it already that it will take sometime before ETH2.0 will be launch but it was Vitalik that want if to be executed fast.
Concern your question, I believe they are taking extra precautions to avoid any mistake.

btc_angela

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Quote from: jademaxsuy on August 17, 2020, 05:25:05 PM

It is one of the marketing strategy to delay upgrade since eth had made hype lately due to the said upgrade. See how much eth had made increase lately to which most are interested to invest in it. Even myself had also bought some eth due to this hype. But I know that there is nothing to do with the upgrade and its market price. The only thing that it makes interested is the hype that all users have been talking to and clearly the result is visible. The market price and market capitalization had greatly influenced by this upgrade.

I don't know if you can call it marketing strategy though, its been more than a year if I'm not mistaken since this eth2.0 project was projected to be release. So there's no more hype or marketing to create, all crypto investors are already aware of it.

Perhaps this will cause another pullback in the price if there is a looming delay again. And I'm sure the project will get a lot of criticism from crypto related websites.

ijeb

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Quote from: Maslate on August 17, 2020, 06:07:57 PM

How is it delayed? Do they gave an exact schedule to launch the ETH 2.0 ?

I think what I read is that it will be launch this year but they are not giving a specific date, so if its delayed, what's the new schedule?

Ps. I'd appreciate if you put some source of the information you shared.

I found the info on cointelegraph news

Jating

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Quote from: ijeb on August 17, 2020, 05:07:30 PM

Greetings to all,

So I found out that Ethereum v2.0 will be delayed, again.
In a recent podcast Vitalik said that technical implementation is bringing difficulties. He also added that in terms of use, some applications may fail and some of them may work flawlessly.

That is too bad if ETH 2.0 will be delayed again. We all know that there's a lot of hype recently pushing the price of ETH to almost $500, a big break out run for them.

Quote from: ijeb on August 17, 2020, 05:07:30 PM

Do you think that digging deeper into technical aspect the the team is facing unsolvable issues or at some point everything on the chain will work just fine, just as promised?

In my opinion they should not rush according to the pressure of the community but focus on the upcoming challenges and to delay it as much as needed.

Yeah, their testnet failed and there was a critical bug that was found. Imagine if they go live and then the system suddenly went down abruptly. There will be a lot of negativity again. So it's better to make the system 100% free of bugs before releasing it to the public.

But for sure another postponement will have an impact on the price. But that's another perfect opportunity to accumulate again. Win-win situation.

coupable

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It's almost necessary to consider that EVM has grown over its journey by fixing occured errors. And this is what make it strong enough to be resistent in this competitive market. As a result, Ethereum can't be evaluated right after a recent update correction. More updates are in shedule to come.

Chuky92

copper member

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Considering how big the Ethereum blockchain has grown over the years, I do not see the delay as an unwelcome development, but rather I see it as something that is bound to happen so that the best services can be achieved once it finally launches. Ethereum has grown so much and every step the team takes needs to be accurate to avoid loopholes that will give rise to security breaches. So I believe the team are doing the right thing and just as the community has stood by them till now, they will still continue in that way, because Ethereum is an exceptional blockchain more better than most blockchains out there.

Maslate

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Message @Hhampuz if you are looking for a CM!

How is it delayed? Do they gave an exact schedule to launch the ETH 2.0 ?

I think what I read is that it will be launch this year but they are not giving a specific date, so if its delayed, what's the new schedule?

Ps. I'd appreciate if you put some source of the information you shared.

ijeb

member

Activity: 728

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Quote from: chanc3r on August 17, 2020, 05:50:25 PM

Quote from: ijeb on August 17, 2020, 05:31:07 PM

Do you thing it is nothing done and all just about the hype and the profit?

All of the updates must be done in some phases and it can't be done in overnight. it's not only the hype but everything needs a process. You can't expect the ethereum 2.0 can be done in a single update dude.
The POS testnet chain has already launched and it still needs to be tested.

That is not what I said. Was asking jademaxsuy if he belies it's just a move.
Kinda agree with you

ijeb

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Quote from: rexxarofmoknathal on August 17, 2020, 05:34:34 PM

I think that at first the technical challenges were not fully considered as upgrading the ETH system will take more than a few months specially when dealing with nodes and branches to lower the fees. I suppose this delay also takes into account reduced man capacity due to the pandemic, and of course, this is something even Vitalik himself couldn't have seen coming.

As for the hype, well I think some of it is real and some just artificial though, I'd say overall ETH still remains undervalued. Is my view on this something other people view differently?

We will know its full potential and value whet every day consumer will have to use it. Hope this will happen soon enough.

chanc3r

sr. member

Activity: 952

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Quote from: ijeb on August 17, 2020, 05:31:07 PM

Do you thing it is nothing done and all just about the hype and the profit?

All of the updates must be done in some phases and it can't be done in overnight. it's not only the hype but everything needs a process. You can't expect the ethereum 2.0 can be done in a single update dude.
The POS testnet chain has already launched and it still needs to be tested.

rexxarofmoknathal

sr. member

Activity: 980

Merit: 260

I think that at first the technical challenges were not fully considered as upgrading the ETH system will take more than a few months specially when dealing with nodes and branches to lower the fees. I suppose this delay also takes into account reduced man capacity due to the pandemic, and of course, this is something even Vitalik himself couldn't have seen coming.

As for the hype, well I think some of it is real and some just artificial though, I'd say overall ETH still remains undervalued. Is my view on this something other people view differently?

ijeb

member

Activity: 728

Merit: 10

Do you thing it is nothing done and all just about the hype and the profit?

jademaxsuy

full member

Activity: 924

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It is one of the marketing strategy to delay upgrade since eth had made hype lately due to the said upgrade. See how much eth had made increase lately to which most are interested to invest in it. Even myself had also bought some eth due to this hype. But I know that there is nothing to do with the upgrade and its market price. The only thing that it makes interested is the hype that all users have been talking to and clearly the result is visible. The market price and market capitalization had greatly influenced by this upgrade.

ijeb

member

Activity: 728

Merit: 10

Greetings to all,

So I found out that Ethereum v2.0 will be delayed, again.
In a recent podcast Vitalik said that technical implementation is bringing difficulties. He also added that in terms of use, some applications may fail and some of them may work flawlessly.

Do you think that digging deeper into technical aspect the the team is facing unsolvable issues or at some point everything on the chain will work just fine, just as promised?

In my opinion they should not rush according to the pressure of the community but focus on the upcoming challenges and to delay it as much as needed.

Topic: Everyone waiting for v2.0 but... (Read 495 times)