Is Ethereum going to Die? - page 42.

krisnajsadrak

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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.

in the past a lot of project claimed as ethereum killers, but until now ethereum still stand as the best altcoins in the market right
and now you ask "is ethereum going to die ?" i believe all people will give "NO" as the answer mate, ethereum will not die

Thesaintplague

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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 am not sure that it is possible. The coinmarketcap list contains a lot of blockchains that are built on very cool technologies, but for some reason Ethereum is still in first place.

Two words - trust and decentralization.

gatti

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Quote from: jacafbiz on November 19, 2020, 04:02:34 PM

Ethereum is not going to die now unless they mess up the Ethereum 2.0 launch, there is increasing demand from Ethereum to scale and I believe time will come that there would be an exodus of developers away from Ethereum to other promising chain if they failed to come up a good scaling solution

Ethereum will be replaced by ethereum itself.As like you said,Ethereum 2.0 will replaced the ethereum.And ethereum is the source for the Ethereum 2.0 and developer may replaced the Ethereum 2.0 in the place of Ethereum.And we need to wait and see it.

jacafbiz

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Ethereum is not going to die now unless they mess up the Ethereum 2.0 launch, there is increasing demand from Ethereum to scale and I believe time will come that there would be an exodus of developers away from Ethereum to other promising chain if they failed to come up a good scaling solution

cryptonx

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ethereum going to be stronger and the price will fly high in the near time mate
i don't understand why you said if ethereum will going to die ? because i can't find any reason for that buddy
its better to think how to increase our ethereum amount before the price soar

Fredomago

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Quote from: Genemind on November 19, 2020, 03:03:04 PM

Ethereum has built a strong foundation through the years and it has gained the trust of most investors so I don't think it would die just because of its high fees. It has passed through the tests of time and its improvements and developments are too visible. Ethereum still has a huge potential to boom in the coming days.

Not just by the investors but also those developers who continued to use this chain to build thier projects, it's a never stopped to improved and developed bringing more trust from more investors and traders, far from this idea of dying, this system will continue and will allow more developers and investors to enjoy the benefits of this well developed system.

Quote from: copoyes on November 19, 2020, 03:38:47 PM

There are many reasons why erc20 technology from eth is used more than others such as bnb, the factors may be more familiar and simple enough for developers to understand so if they are still dominant and trusted, it is likely that ethereum will not die while their technology is still dominant

It's way far from other chain that being developed and with well developed approach it's more trusted by those developers. They simply find this technology fits to their work and they'll stuck using it for the best outcomes of their works.

bocyaj

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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.

Ethereum is the promising project as like a bitcoin. It had a huge traders over it and most of altcoin transaction need of Ethereum for the transaction. So ethereum demand will be sustain in the market.It won't be replaced by any other altcoin.Only the ETH versin 2 may take the place of the Ethereum.

copoyes

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There are many reasons why erc20 technology from eth is used more than others such as bnb, the factors may be more familiar and simple enough for developers to understand so if they are still dominant and trusted, it is likely that ethereum will not die while their technology is still dominant

republicrypto

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Keep it Simple guys :)

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.

maybe a lot of project thats can be a huge competitors of ethereum mate
but in my opinion no one from them will replacing ethereum as the best altcoins
and i believe ethereum will not going to die, trust me Wink

regards

Sayeds56

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Quote from: rahmatullah9305 on November 19, 2020, 02:39:06 PM

Quote from: gantez on November 19, 2020, 01:43:50 PM

If etheruem is having huge fees lately that I have not noticed that but high fees won't kill etheruem because bitcoin also has huge fees from time and even at the moment now it is bulling, etheruem won't die because is a strong project.

That's right, a project that is really strong in foundation and enthusiasts will not easily die by small things that sometimes make the user bored because of it, so it will be impossible to die even though it's possible that it still can.

You are very right that it is very strong project and will not die easily but it is facing tough issue of scalability and lower network speed since past many months. That will certainly impact its popularity if the team fails to resolve them within a reasonable time frame.

Genemind

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Ethereum has built a strong foundation through the years and it has gained the trust of most investors so I don't think it would die just because of its high fees. It has passed through the tests of time and its improvements and developments are too visible. Ethereum still has a huge potential to boom in the coming days.

skarais

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All cryptocurrencies including Ethereum still have the potential to experience technical failures which will result in them being abandoned. But until recently I didn't think that Ethereum would experience it just because of the increased fee. Use other altcoin if you want to get a lower fee and let the developer do their job well. If you believe in the future potential of Ethereum then you don't need to care how much the transaction fee because in reality you are a long-term holder, aren't you ?

rahmatullah9305

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Quote from: gantez on November 19, 2020, 01:43:50 PM

If etheruem is having huge fees lately that I have not noticed that but high fees won't kill etheruem because bitcoin also has huge fees from time and even at the moment now it is bulling, etheruem won't die because is a strong project.

That's right, a project that is really strong in foundation and enthusiasts will not easily die by small things that sometimes make the user bored because of it, so it will be impossible to die even though it's possible that it still can.

gantez

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If etheruem is having huge fees lately that I have not noticed that but high fees won't kill etheruem because bitcoin also has huge fees from time and even at the moment now it is bulling, etheruem won't die because is a strong project.

Princejebs

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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.

The only problem and challenge ethereum network has failed to solution is scalability. Developers are doing anything they can in their power to improve the network but you should know that even with Eth2.0 that is coming, scalability is far from being achieve soon.
The fee will not drastically reduce as people has expected, rigorous test of the network and updates will keep coming as we progress. I believe that can be fully achieved in the future.
About your last paragraph, Blockchain network wouldn't go down except if all the node decide to take down the network.

This is the only way ethereum can be scaled, if there should be avway better way, Vitalik would have proposed the solution.
From ICO, perhaps they never expected the network to be this huge with adoption they would have find a better solution before the launch.

Gayong88

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Of course not. Ethereum will always keep pace with market behavior. Regarding the increase in gas costs in the previous month, if I observe, it is reasonable because the parties have a share in the major changes in the market, either related to the purchase of new assets or the liquidation of their ownership.

pandanaran

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very unlikely if ethereum will die soon, where do we start while the supply of ethereum coins is still large, the coin price is also high, the demand in the market is always increasing, ethereum has been listed on most exchanges in the market, they have a reliable team, many believe in this Eth altcoin, it has smart contracts even most of the projects use the erc20 platform and there are many more advantages that Ethereum itself has.

zaim7413

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Quote from: ?? on ??

It is unlikely to happen soon,maybe in 10 or 20 years there will be a token that will be cooler than eth,but so far it is little believed.

Yes, and that is if it is possible, because it has been a long time since everyone has seen that not a single token has been able to shift ETH from its current position and the use of the ETH platform is still very large and still very trusted by all crypto circles.

Ozero

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Nothing bad should happen to ethereum. There are network congestion problems, but they may soon be resolved with the launch of Ethereum 2.0. The congestion of the ethereum network was not due to any fatal system errors, but due to the increasing popularity of ethereum. Therefore, I do not see any serious danger for this coin.

2tang

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Quote from: icekohl on November 19, 2020, 12:32:36 PM

We have less than a month and more than 400k ETH need to deposit into Ethereum staking smart contract to enter phase 2 of ETH 2.0. I don't think it's easy to achieve, and ETH 2.0 still remains a big question about its capabilities.

A lot of information is circulating if ETH 2.0 will be coming soon this year, but until now there is still no definite information whether Ethereum 2.0 will actually be launched this year or should it be delayed longer? It is true that ethereum has sent a large amount of eth into their smart contracts, but of course this is not a certainty if ethereum will be launched soon, but at least with the launch of ethereum 2.0 it can increase the speed, efficiency and scalability of the Ethereum network so that it can process more transactions .

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