Topic: Is Ethereum going to Die? - page 28. (Read 19640 times)
Why you thinking eth going to die? Eth price pumping very well so doesn't means eth will die because demand increase everyday so price up simple. Basically we are sad for gas fees because it much to high everyday. Anyway everything is ok for eth and this coin will alive. If you can't believe then fell free leave and looking another coin.
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.
The Ethereum network often crashes, moreover DeFi transactions are running, even transaction fees reach 0.01. I think this is already a pretty high value because the Ethereum smart contract is the one that the DeFi project uses the most.
If the existence of Eth2 cannot solve this problem, so I think a lot of new project developers are switching, and working with other smart contract projects such as DOT.
Just read myself that Vitalik Buterin's own ETH stash has been growing 8x over the past year. Of course, he probably just gets it from mining (or right now I guess growing from staking his own stash) so he will be the big winner in this game of how high ETH can go. Back at ATH, and not looking like it will go down below 1k again for a while more!
If we are talking about the current status of ethereum, this is impossble to happen. Currently, ethereum has a strong and effectively handling it market stability. The coins under ethereum are showing also a strong potential on the market. Not to mention the great market price value of eth. More and more investors and customers are looking to eth as their future long term investment.
No one can foresee the future. At any moment, everything can change and crash. There's no guarantee.
Remember the recent case of what happened to XRP after rumors about the SEC regulation went. The same thing can happen to ETH. And what if in the future SEC considers ETH tokens securities and regulates Ethereum project? I'm sure there won't be anything positive about it .
Btc also takes high fees during transactions at this moment, so is btc also going to die? No, it isn't going to be.Actually heavy use of ether network is responsible for high fee issue.I'll be fixed soon.eth is number two, highly invested cryptocurrency.it isn't possible to get dead easily.others currency like bnb polka may rank up or may cross eth but i believe, people will have used eth in future.so don't be get scared by thinking about such thing.
Once this eth 2.0 is fully deployed, I believe, there will improvements in their network. And one is, the reduction of the fees. Let's wait a lil bit more. Eth team is one of the solid platforms in the crypto industry because of the development team involved with it. I don't think eth is going to die anytime soon. Maybe, for other thousands of alts out there, with no reason to exist. But for eth, very far from happening at the moment.
Considering that this project live as 2nd among all the crypto coins that existing, I also believe that before this coin dies there are thousands of coins that will die first. Solid foundation that still being used by most developers.
The issue with congested and high fees will be check after this updates, after the full deployment of ETH 2.0, we may see how things will change once that update is full implemented. Lots of investors are still looking for some good changes and still comfortable investing and storing this assets for longer term.
I'm also a loyal fan of ETH, you know what I'm thinking when ETH has surpassed ATH. I wish could buy more ETH, we are slowly surpassing our market targets, I believe that after we have surpassed ATH we will prepare for an even stronger bull run. ETH players in this market are doing very well, but will never replace ETH's position in the market, you can compare the capitalization of the top altcoin to see this.
I see a pattern emerging here, one can compare it to the internet's early beginnings
Steps to reach Google
1. Lycos - AltaVista
2. AOL
3. Yahoo
4. Google
USDC Circle is now on Solana
AKash first decentralized Cloud project is running on Solana
Below is an example Kin with 22 Million users SPL tokenizing on SOLANA, I have seen close to 100 projects doing this, mainly SERUM dex the next generation Defi platform. Trading on Uniswap is Geocities web browsing experience from the mid 1990's where on Serum Dex which runs on Solana it feels like you are trading on Binance in real time.
https://kin.org/token-migration/
KIN ON SOLANA
Token Migration
Kin is migrating to the Solana blockchain to scale for mass adoption.
Here’s what you need to know:
Migrating to Solana
Kin has undergone a number of evolutions since its first generation as an ERC20 token on the Ethereum blockchain. Here are some basic definitions to help you understand the different iterations and upgrades to Kin since that time:
Definitions
Kin1: First generation of Kin running on Ethereum
Kin2: Second generation of Kin running on Stellar (non-mainnet).
Kin3: Third generation of Kin running on Stellar (non-mainnet), where Kin is the base asset.
Kin4: Proposed fourth generation of Kin running on Solana (mainnet).
Ethereum will be surpassed by Solana - SOL https://solana.com in the very near future, Ethereum 2.0 will not be able to handle fast sub second transactions with very low fees let alone the scaling needs of DEX and Defi projects and Dapps. The migration already started with many big projects new and old utilizing this new revolutionary technology.
I believe that Ethereum should not die abruptly. There is no reason for this. But it may gradually give up its positions - this is quite likely. It will be replaced by more technologically advanced, lightweight and convenient counterparts. It is competition that breeds progress.
at first I didn't believe what you said but now I have to consider that it could happen, why can it happen !!! Until now, ethereum has not improved its performance, which for the majority of those who use Ethereum transactions is very disturbed and very detrimental, namely the gas fee which is too stifling.many have complained but no significant changes have occurred.
This clearly will make many people look for other alternatives that might be used, especially if it is supported by those who provide facilities as well. like what you said that competitors could provide facilities and provide facilities and technology that is easier and cheaper. nothing is impossible if ethereum doesn't want to update it.
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No there will always be fanatics, churches are still around too.
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No there will always be fanatics, churches are still around too.
in my opinion so high fees make ethereum inconvenient for transferring money between exchanges and wallets. fees are too high even for transferring of all erc-20 tokens. i have to convert tokens to trx or doge or even eos to send them to another exchange and than convert back to required token. and with small pools of money it is not possible for me to sell or buy tokens wich listed on exchanges that are used through metamask(dex).
If we are talking about the current status of ethereum, this is impossble to happen. Currently, ethereum has a strong and effectively handling it market stability. The coins under ethereum are showing also a strong potential on the market. Not to mention the great market price value of eth. More and more investors and customers are looking to eth as their future long term investment.
No one can foresee the future. At any moment, everything can change and crash. There's no guarantee.
Remember the recent case of what happened to XRP after rumors about the SEC regulation went. The same thing can happen to ETH. And what if in the future SEC considers ETH tokens securities and regulates Ethereum project? I'm sure there won't be anything positive about it .
one question for you does all the issue in ethereum network give a huge impact to ethereum price my friend ?
as we can see now, ethereum still become the best altcoins, and i believe there will be no altcoins can replace ethereum in the near time
I think the problems that exist in the ethereum network at the moment will not have a big impact on ethereum prices, we can immediately see this in the market, where Ethereum tokens always experience very good price increases and always have good volume in all markets, this means that Ethereum token is a token that is liked by many people and no one will be able to fight against Ethereum token from then until now.as we can see now, ethereum still become the best altcoins, and i believe there will be no altcoins can replace ethereum in the near time
True. The issues that Ethereum network is facing (scalability & High gas and Transaction fees) have not much impact on its price and the way it is moving upward it might break its All Time High record in coming days/weeks but gradually its competitors are making their space in the Industry, like Polka dot.
Don't spread out FUDs!! Ethereum has no reason to die now. High fees won't lead Ethereum to die. Moreover, we will have Ethereum 2.0, it may bring something good and fix the issue of expensive fees. I am not sure about what Vitalik Buterin will do to deal with many demands of lowering current high fess. But I believe he will do something to make all Ethereum users satisfied and no complaints anymore related to high fees.
Btc also takes high fees during transactions at this moment, so is btc also going to die? No, it isn't going to be.Actually heavy use of ether network is responsible for high fee issue.I'll be fixed soon.eth is number two, highly invested cryptocurrency.it isn't possible to get dead easily.others currency like bnb polka may rank up or may cross eth but i believe, people will have used eth in future.so don't be get scared by thinking about such thing.
Once this eth 2.0 is fully deployed, I believe, there will improvements in their network. And one is, the reduction of the fees. Let's wait a lil bit more. Eth team is one of the solid platforms in the crypto industry because of the development team involved with it. I don't think eth is going to die anytime soon. Maybe, for other thousands of alts out there, with no reason to exist. But for eth, very far from happening at the moment.
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.
one question for you does all the issue in ethereum network give a huge impact to ethereum price my friend ?
as we can see now, ethereum still become the best altcoins, and i believe there will be no altcoins can replace ethereum in the near time
Btc also takes high fees during transactions at this moment, so is btc also going to die? No, it isn't going to be.Actually heavy use of ether network is responsible for high fee issue.I'll be fixed soon.eth is number two, highly invested cryptocurrency.it isn't possible to get dead easily.others currency like bnb polka may rank up or may cross eth but i believe, people will have used eth in future.so don't be get scared by thinking about such thing.
I think you are too afraid about the future of Ethereum. The problem related to gas fees or wd fees should be resolved by Vitalik in the near future. I believe Vitalik already realize the situation and must have planned the way to fix it. Ethereum is the number 2 top coin after Bitcoin, it must survive. As an old holder of Ethereum, you should know that the power and its potential. Ethereum has a big market cap and many people hold this coin. Ethereum should not so easily die.
True, it will not die so easily since almost every other Alt coin created on its Network. You might have noticed that Polka Dot that is #4 now on coinmarketcap does the same job what Ethereum does but with better Technology and it is being traded @ $18 now . It has show tremendous growth 800% , in past one year. It has already beaten XRP and lLtecoin. It is going be closet competitor in coming month.
Ethereum remains the leader of altcoins for a long time.
When talking about etherium, I don't think that's possible because these altcoins are trusted by investors. Yes, of course, if something bad happens, like what many people see today, Ripple is already indicated as a scam even though it has been running for quite a long time. But why are so many people still trading on that exchange because they believe that at the moment it is fud on ripple and I hope it doesn't happen to etherium.
I think you are too afraid about the future of Ethereum. The problem related to gas fees or wd fees should be resolved by Vitalik in the near future. I believe Vitalik already realize the situation and must have planned the way to fix it. Ethereum is the number 2 top coin after Bitcoin, it must survive. As an old holder of Ethereum, you should know that the power and its potential. Ethereum has a big market cap and many people hold this coin. Ethereum should not so easily die.
With the introduction of ETH 2.0, the gas fee will decrease because then Ethereum will be moved from proof of work (PoW) to proof of stake (PoS). However, if more and more projects are build on Ethereum blockchain we cannot expect much decrease in Eth gas fee.
I think you are too afraid about the future of Ethereum. The problem related to gas fees or wd fees should be resolved by Vitalik in the near future. I believe Vitalik already realize the situation and must have planned the way to fix it. Ethereum is the number 2 top coin after Bitcoin, it must survive. As an old holder of Ethereum, you should know that the power and its potential. Ethereum has a big market cap and many people hold this coin. Ethereum should not so easily die.
True, it will not die so easily since almost every other Alt coin created on its Network. You might have noticed that Polka Dot that is #4 now on coinmarketcap does the same job what Ethereum does but with better Technology and it is being traded @ $18 now . It has show tremendous growth 800% , in past one year. It has already beaten XRP and lLtecoin. It is going be closet competitor in coming month.
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