Is Ethereum going to Die? - page 19.

Asuspawer09

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Quote from: Sayeds56 on November 18, 2020, 11:28:29 PM

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.

Obviously not there is so much project that is into Ethereum Network even though we are experiencing a big issue when it comes to transaction fees Ethereum is still the top 2 cryptocurrency.

Other Networks are surely going to be a good alternative because of the high fees in the market, but the demand in Ethereum is already solid so the gap from other cryptocurrencies is currently noticeable.

Because of the Ethereum 2.0 people are expecting to fix the gas fees issues and BSC Network is will catch up to Ethereum if the Ethereum Network will not fix the issue, because developers already have many options other than using Ethereum.

rahmatullah9305

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Quote from: manok jepang on April 16, 2021, 02:39:23 PM

Indeed at this time Etherem is losing some users due to the problem of high transaction fees, so people choose to switch to BSC which has a much lower fee fee, I think this is a big disadvantage for etherem, but you don't forget that ETH is a very powerful altcoin and owned a very wide network in crypto, it is very unlikely that ETH will die, I am sure etherem will find a way out of this problem,

In general, there is a solution, namely by reducing the amount of transaction fees on their own network so that users who have moved to the BSC can come back to use the Ethereum network, but I am also a little surprised why Ethereum doesn't do that.

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Indeed at this time Etherem is losing some users due to the problem of high transaction fees, so people choose to switch to BSC which has a much lower fee fee, I think this is a big disadvantage for etherem, but you don't forget that ETH is a very powerful altcoin and owned a very wide network in crypto, it is very unlikely that ETH will die, I am sure etherem will find a way out of this problem,

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Quote from: zaim7413 on April 16, 2021, 12:48:54 PM

From the past Ethereum has always been strong in the crypto space, so if now there is a new network that wants to compete with the Ethereum network, there are many things that must be prepared because what is fighting is a popular token like Ethereum, not shitcoin.

You are absolutely right. Ethereum is the king of altcoins. So to compete with the king must be like the king. The big traders are still trading in ethereum. If ETH's gas fee is reduced then all competitor will lost into oblivion.

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Quote from: no-ice-please on April 16, 2021, 12:04:56 PM

Quote from: triat on April 15, 2021, 05:05:14 AM

Quote from: no-ice-please on April 15, 2021, 04:55:50 AM

Ethereum is a massive player in the industry with brilliant minds backing it up. If ETH were to die, rest assured a lot would die along with it.

I agree, but if you take a closer look at BSC, you can understand that projects will simply be rebuilt into another network over time and everything will be restored.

Yes but the market cap is a good indicator of what network the people want to entrust their money with. ETH isn't so valuable for no reason. They will find scaling solutions and reach a sufficient transaction throughput.

Also many developers are still building on ETH.

Yes it is a good consideration for the large market capitalization cryptocurrencies. Under normal circumstances there is a reason for them to be so valuable and right now I think it is because they are the most decentralized and most secure currencies.

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Quote from: capokmerah on April 16, 2021, 01:47:39 AM

Oh Yeah ! In fact, more and more new coins have appeared lately ETH is still superior and that means ETH is not easily abandoned by developers, investors or traders. in the midst of competition for new coins whose development is quite fast but ETH is still strong !

From the past Ethereum has always been strong in the crypto space, so if now there is a new network that wants to compete with the Ethereum network, there are many things that must be prepared because what is fighting is a popular token like Ethereum, not shitcoin.

no-ice-please

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Quote from: triat on April 15, 2021, 05:05:14 AM

Quote from: no-ice-please on April 15, 2021, 04:55:50 AM

Ethereum is a massive player in the industry with brilliant minds backing it up. If ETH were to die, rest assured a lot would die along with it.

I agree, but if you take a closer look at BSC, you can understand that projects will simply be rebuilt into another network over time and everything will be restored.

Yes but the market cap is a good indicator of what network the people want to entrust their money with. ETH isn't so valuable for no reason. They will find scaling solutions and reach a sufficient transaction throughput.

Also many developers are still building on ETH.

RazerCrypto25

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I think having high fees is one of the setbacks of ETH. I don't think it will die anytime soon, especially since new exchanges and projects that are related to ETH are still launching.

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A coin like Ethereum has been and will be the most sought after in the cryptocurrency market. So you just have to wait a bit until commissions are available to all users again. I think that the developers will soon fix everything and Ethereum will again become, as always, the most stable and profitable coin. So that all operations for withdrawal or replenishment of funds are available.

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Quote from: Snappycoco on April 15, 2021, 11:53:55 AM

Nope it wont. Ethereum's fixing everything up and they know the problem. Eth 2.0 is the key to this and it'll surely be mooning again.

Hopefully it will be published soon when ETH2.0 starts to be implemented, the cost issue is very unhealthy if left to linger, and will look like a mere lure if it is not implemented immediately.

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Quote from: rainingbitcoins on April 15, 2021, 11:21:12 AM

Quote from: capokmerah on April 15, 2021, 10:10:14 AM

it looks like it's too early to judge Ethereum will end. surely there will be something new that can expand Ethereum's existence in crypto. Ethereum can still do a lot for cryptocurrency development

yes you are absolutely right, the same as my thoughts. although for example he got data from somewhere, in fact eth is still strong and getting stronger with evidence that ethereum is getting bullish. the exact opposite of what he expected.

Oh Yeah ! In fact, more and more new coins have appeared lately ETH is still superior and that means ETH is not easily abandoned by developers, investors or traders. in the midst of competition for new coins whose development is quite fast but ETH is still strong !

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Etherium Coin is one of the second largest and most popular coins in the market. Although its popularity has declined somewhat due to excess gas, it has not been destroyed. The Ethereum Authority is doing its utmost to reduce the gas. They are going to bring a derivative called Ethereum 2. I believe that very soon Etherium will overcome all the disabilities and become very popular again.

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Quote from: Sayeds56 on November 18, 2020, 11:28:29 PM

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.

I guess you were absolutely right about this, the gas fee on the Ethereum blockchain has made the BSC more famous since it is a prototype of Ethereum blockchain with lesser fees needed for transactions, eth 2.0 is needed real fast in other to stop BSC from becoming the new breeding ground for new upcoming projects in the crypto space, but I guess it still won't be released anytime soon no matter how bad the users want this upgrade.

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Nope it wont. Ethereum's fixing everything up and they know the problem. Eth 2.0 is the key to this and it'll surely be mooning again.

rainingbitcoins

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Quote from: capokmerah on April 15, 2021, 10:10:14 AM

it looks like it's too early to judge Ethereum will end. surely there will be something new that can expand Ethereum's existence in crypto. Ethereum can still do a lot for cryptocurrency development

yes you are absolutely right, the same as my thoughts. although for example he got data from somewhere, in fact eth is still strong and getting stronger with evidence that ethereum is getting bullish. the exact opposite of what he expected.

rainingbitcoins

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Quote from: Dexion on April 15, 2021, 03:38:53 AM

Quote from: daenarys_stormborn on April 12, 2021, 11:51:54 AM

In my opinion, ethereum is unlikely to die, even though we know that ethereum has begun to be shifted by its rival, BNB, but it cannot be denied that ethereum still has a lot of enthusiasts and most of its projects use ethereum.

The problem with eth is still not resolved but what is surprising is that there are still many people who make transactions even the ETH chart is still stable, this proves that ETH will not just die, maybe BNB is taking advantage of this momentum to grow and this is making the competition a big name in crypto the more merrier.

Yes, it indicates that Eth still has strong investors in fundamentals and they are still very skeptical of Ethereum. In the future, we will see who has a good innovation idea who will be the winner. and I think the crypto world will continue to be like that, that's why we often see a lot of trends.

capokmerah

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it looks like it's too early to judge Ethereum will end. surely there will be something new that can expand Ethereum's existence in crypto. Ethereum can still do a lot for cryptocurrency development

Cvetik56

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Yeah, sure it's going to die while it's reaching ATH. And going to do it again.

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it is true that ethereum coin will not die now ethereum is increasingly interested by many investors but we do not know in the future how for now ethereum coin may not die.

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Ethereum won't die. I am one of the supporters too. Usually, there will be lots of competitors because that how business is. There will always be healthy competition in the market. The important is Ethereum is focusing on developing its platform so transfer fees will be solved and other issues from the users.

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