Topic: Is Ethereum going to Die? (Read 19640 times)
I myself am a supporter of ethereum so far there have been several delays in transactions so that gas costs are expensive so there is a special concern for binance in several exchanges, EOS and Binance can't take over the ethereum network because of the polka-dot the best network and ethereum being a single network.
No in my opinion ETH is already to big to die. With that being said other more usable blockchains are going to blow up and help ETH become more usable for the masses. NEAR protocol is currently working on allowing developers to build on the NEAR network were the gas fees and speed is what ETH 2.0 promises, then allowing the developer to move their project over to ETH. This is the kind of thing that is going to have to take place when mass adoption because ETH isn’t ready for the masses, the network will become clogged but projects like NEAR are. Since ETH has the hype though and a huge audience it will be other blockchains that work alongside ETH. This is why projects like NEAR excite me because they are the real technology that is allowing the world to use the blockchain.
I don’t think Ethereum is dying right now. Ethereum's transaction fee is much higher though and Ethereum is trying to solve it. New development of ethereum is London Hark Fork. Hopefully the transaction fee of ethereum will be reduced soon.
Ethereum will remain in its place also in the years to come, the luck of other projects is the one that can emerge and gain visibility because ETH has slow progress, understandable for a project of that size and notoriety.
It won't be easy for ETH to die. now we can see if ETH is the strongest coin in altcoins. nowadays ETH has great popularity and price. if ETH dies maybe the crypto market will be a little disturbed because many projects use the ETH platform until today and in the future
All talk no action.
For seven years the same story improvements soon, tomorrow..... nothing changes same slow expensive transactions, but tomorrow...
For seven years the same story improvements soon, tomorrow..... nothing changes same slow expensive transactions, but tomorrow...
nice
Ethereum will never die and will continue to survive, because there are still many investors who are still investing and holding Ethereum for the long term, therefore I believe if Ethereum will never die and very strong, because if Ethereum die, so many altcoin will die too, because Ethereum is the king of altcoin.
Ethereum organization, normal charge and the kinds of savvy contracts on the pools you are utilizing to trade tokens. Complex savvy contract requires higher expense to communicate it. I don't figure Binance or EOS will assume control over the Ethereum organization however Polkadot has everything to defeat the ethereum network. ETH 2.0 makes ethereum network more versatile yet Polkadot is vastly improved as a result of its cross-chain highlights when ethereum is a solitary chain organization.
When you are driving your car but you have found that there's a problem in your car and will you still drive your car? It doesn't make sense to do that. You may need to repair your car to drive it again.
Congestion is not a big problem as it will be solved soon and once that will be happening and there's no need to say another competitor has a lot of potential to take the ethereum's place.
Remember about EOS and TRON which have declared to be ethereum killers and then they are failed.
I never thought that ETH would die and be lost in popularity, if we see clearly that ETH continues to be popular even though the network continues to slow down due to dense transactions and high transaction fees, until now people still need ETH as a substitute for BTC and many new coins are born from smart contract.
Even with the high gas fees, ever wondered why most projects still prefer Ethereum blockchain, even many old projects on the Ethereum blockchain are not even thinking of leaving, that in my own understanding means that Ethereum is serving them well and quite better than others.
Nevertheless, the Ethereum team had two major implementations which are the London hard fork and the ETH 2.0, the London hard fork has been implemented and it is working successfully with the aim of reducing the circulating supply of ETH, while the other is aimed at solving scalability issues such as high gas fee and low speed of transaction. Thus for a blockchain with such team, only means that Ethereum blockchain will keep growing in value and not going to die.
Nevertheless, the Ethereum team had two major implementations which are the London hard fork and the ETH 2.0, the London hard fork has been implemented and it is working successfully with the aim of reducing the circulating supply of ETH, while the other is aimed at solving scalability issues such as high gas fee and low speed of transaction. Thus for a blockchain with such team, only means that Ethereum blockchain will keep growing in value and not going to die.
What's going with gas fees? After the London fork, the gas fees only went up. They raised gas limit, and the blocks are half empty, even 5% - 15% filled, but gas fees are through the roof! It's not about limited capacity right now, yet it's very expensive. What is reason for that?
And what is minimum gasused multiplier?
And what is minimum gasused multiplier?
Well yes I had the same question before I discovered by ETH wallet had around 0.17 ETH in it and in the Past, I didn't send them because the fee was extremely high, more than 50% of what value ETH address had so I left it alone.
2 months ago when I found out ETH has been forked and ETH fees have been lowered I tried to send them to an exchange and it worked, I paid around 0.006 ETH fee rather than paying around 0.09 ETH.
Ethereum is one of the best coin. As you can see the price of ethereum is very high compared to the price of ETH 2 yrs ago. I believe that the price will definetly continue to increase just like bitcoin.
What's going with gas fees? After the London fork, the gas fees only went up. They raised gas limit, and the blocks are half empty, even 5% - 15% filled, but gas fees are through the roof! It's not about limited capacity right now, yet it's very expensive. What is reason for that?
And what is minimum gasused multiplier?
And what is minimum gasused multiplier?
I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.
whatever problems ethereum users are currently experiencing will not make ethereum die from the market exchange. because there are so many users of the ethereum chain today which have been used by new altcoins and old altcoins. and many altcoins have depended on ethereum making it difficult for him to leave ethereum. but now many ethereum users have switched to using BSC and others because of the high ethereum transaction fees.
Everyone knows how strong the ETH community is and its many achievements to date, there should be no doubt about the future of ETH, maybe transaction issues are the only unresolved problem, but just watch when ETH transaction fees are not expensive anymore, what a wonderful surprise. from ETH will silence any doubts.
Yes, it's obvious but at the moment some people don't even see a problem with ETH transaction fees, because from the developments that ETH has provided at this time, it is enough to prove that ETH is the best coin of all time in the crypto space.
Ethereum can't die because it a vet RT strong project that get alot of backup, investors who are still holding the project, no doubt ethereum will always stay at the top and being one of the best and strong crypto.
Being the fact that Ethereum developers are working on an update to the technology, Ethereum 2.0, which will be released later this year or early next year. This update will make Ethereum more environmentally friendly, reducing its energy usage by around 99.95%. As more and more investors and regulators show concern over cryptocurrency's energy consumption, this move could give Ethereum a major advantage.
Being the fact that Ethereum developers are working on an update to the technology, Ethereum 2.0, which will be released later this year or early next year. This update will make Ethereum more environmentally friendly, reducing its energy usage by around 99.95%. As more and more investors and regulators show concern over cryptocurrency's energy consumption, this move could give Ethereum a major advantage.
All talk no action.
For seven years the same story improvements soon, tomorrow..... nothing changes same slow expensive transactions, but tomorrow...
For seven years the same story improvements soon, tomorrow..... nothing changes same slow expensive transactions, but tomorrow...
I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.
Ethereum's problem as of last October was high transaction fees and little scalability. It should be borne in mind that this coin appeared in 2015, when there were not yet so many participants in this market and these indicators were quite suitable at that time. Now problems have appeared due to overload in the operation of this network, which indicates not that this network is dying, but quite the opposite, that it is too much in demand.The ethereum network has now been fully renewed for almost a year. I think we'll be patient for a while, but then ethereum will show its best side.
whatever the reason ethereum will not die, eth will still survive in the future. Just because transaction fees are high doesn't mean Ethereum is hopeless. The ethereum community is very strong right now, and ethereum is also creating new ATH.
Everyone knows how strong the ETH community is and its many achievements to date, there should be no doubt about the future of ETH, maybe transaction issues are the only unresolved problem, but just watch when ETH transaction fees are not expensive anymore, what a wonderful surprise. from ETH will silence any doubts.
Ethereum will never die , yes that is true. But Ethreum network It is slowly being forgotten because high fees.Many use other networks to perform transactions.
well, I also see the development of the current coin has started to switch to BSC. very many coins started their project by choosing the BSC network over ethereum. it's just that, currently, there are still a lot of projects with ETH users compared to BSC. despite that, I never thought that ETH would die or be abandoned. Jump to: