SMARTCONTRACT TREND | Bitcointalksearch.org

Nivia1st

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Quote from: omone1 on August 25, 2021, 02:34:53 PM

Owing to the tremendous success of the ethereum network serving as a launching platform to many altcoins. Many projects who saw the problem currently bedeviling the eth network have taken to launching their platform so as to off-scale BTC, EtH and many top coins and equally have new and existing projects build on their platform.

I personally have greatly limited my trade on ERC20 and using BEP20, Polygon, SOL, AVAX, LUNA so as not to miss out of the Defi boom. My concern is how long shall new projects keeps launching smart-contract and what happen to them when ETH2.0 finally go live?

who knows. what will happen later, is still a mystery. but if eth 2.0 has been released, that means there is no more reason to use smartcontrac from other platforms. So I think the smart contract trend will end and leave the big players like ethereum and BSC. for platforms that are newer releases and have not gained a large number of users will be excluded.

ethereumhunter

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We do not know how long this will end but after ETH 2.0, hopefully, everything can change, including the gas fee can reduce than now. The gas fee right now is just temporary and the developer still working hard to run their phase step by step. We can only accept because we are not part of their team so whether we like to pay a high fee or not, we could just wait and hope that the fee will reduce. Besides that, people have more options right now by using the other network if they do not want to pay a high fee. Maybe they just want to hold their ETH until everything can solve.

guydin

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If you are talking about technical things, I can’t say anything about this. If you are talking about trends and that with Ethereum 2.0. people may give up different alternative blockchains, I don’t think that there is a high possibility of this. On Polygon, Polkadot, Solana there are some unique projects that must be popular in the future as well, so don’t worry about your investments if you believe in them.

sirminesalot

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Quote from: Silver80 on August 25, 2021, 11:30:43 PM

Quote from: omone1 on August 25, 2021, 02:34:53 PM

Owing to the tremendous success of the ethereum network serving as a launching platform to many altcoins. Many projects who saw the problem currently bedeviling the eth network have taken to launching their platform so as to off-scale BTC, EtH and many top coins and equally have new and existing projects build on their platform.

I personally have greatly limited my trade on ERC20 and using BEP20, Polygon, SOL, AVAX, LUNA so as not to miss out of the Defi boom. My concern is how long shall new projects keeps launching smart-contract and what happen to them when ETH2.0 finally go live?

didn't ETH 2.0 already appear, you said limiting the use of ETH 2.0 but you have to be careful with events like poly network events.

It's not officially lauched yet, i heard the preparation is already done since the fee and transaction speed of ETH was coming back to normal but i think they still need preparing for the small things of the details before launching, doing quality assurance is a must before launch to the public because public expectation is really huge with this 2.0 project by ETH.
And we'll see what trend that will be incoming in the future followed by ETH 2.0

RussianEnglishTranslation

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Quote from: omone1 on August 25, 2021, 02:34:53 PM

Owing to the tremendous success of the ethereum network serving as a launching platform to many altcoins. Many projects who saw the problem currently bedeviling the eth network have taken to launching their platform so as to off-scale BTC, EtH and many top coins and equally have new and existing projects build on their platform.

I personally have greatly limited my trade on ERC20 and using BEP20, Polygon, SOL, AVAX, LUNA so as not to miss out of the Defi boom. My concern is how long shall new projects keeps launching smart-contract and what happen to them when ETH2.0 finally go live?

If you are investing in a coin that doesn't have smart contracts, it won't connect to the future internet without a wrapped token and it is less likely to be a successful investment.
We don't have to wait for ETH 2.0, many L2 and sidechains like Fantom and NEAR scale Ethereum now. Stop paying high gas fees.

lizarder

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Quote from: omone1 on August 25, 2021, 02:34:53 PM

Owing to the tremendous success of the ethereum network serving as a launching platform to many altcoins. Many projects who saw the problem currently bedeviling the eth network have taken to launching their platform so as to off-scale BTC, EtH and many top coins and equally have new and existing projects build on their platform.

I personally have greatly limited my trade on ERC20 and using BEP20, Polygon, SOL, AVAX, LUNA so as not to miss out of the Defi boom. My concern is how long shall new projects keeps launching smart-contract and what happen to them when ETH2.0 finally go live?

The current ethereum network is capable of reaching all the altcoins that partner with it, ethereum which serves as a launch platform provides the best space to conduct transactions using them, even many new projects are currently collaborating using their network.

If you start limiting trading on ERC220 and use BEP20, Polygon, SOL, AVAX, LUNA, this is the right choice, but there will be positives and negatives, this is not talking about what you receive, but the level of security you put in the transaction , if ETH 2.0 is finally launched, then it is certain that new projects launched on smart contracts will run into problems and will not progress.

Silver80

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Quote from: omone1 on August 25, 2021, 02:34:53 PM

Owing to the tremendous success of the ethereum network serving as a launching platform to many altcoins. Many projects who saw the problem currently bedeviling the eth network have taken to launching their platform so as to off-scale BTC, EtH and many top coins and equally have new and existing projects build on their platform.

I personally have greatly limited my trade on ERC20 and using BEP20, Polygon, SOL, AVAX, LUNA so as not to miss out of the Defi boom. My concern is how long shall new projects keeps launching smart-contract and what happen to them when ETH2.0 finally go live?

didn't ETH 2.0 already appear, you said limiting the use of ETH 2.0 but you have to be careful with events like poly network events.

meanwords

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Quote from: omone1 on August 25, 2021, 02:34:53 PM

My concern is how long shall new projects keeps launching smart-contract and what happen to them when ETH2.0 finally go live?

The market will decide on what will happen to them. Competition will push other projects to increase their demand and services so that consumers will use them. If they aren't really doing anything extraordinary than the rest, then they will eventually become irrelevant. At the end of the day, a project that can provide the best smart-contract will prevail and those who cannot will die, no matter how new or old the project is.

TravelMug

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Quote from: omone1 on August 25, 2021, 02:34:53 PM

Owing to the tremendous success of the ethereum network serving as a launching platform to many altcoins. Many projects who saw the problem currently bedeviling the eth network have taken to launching their platform so as to off-scale BTC, EtH and many top coins and equally have new and existing projects build on their platform.

I personally have greatly limited my trade on ERC20 and using BEP20, Polygon, SOL, AVAX, LUNA so as not to miss out of the Defi boom. My concern is how long shall new projects keeps launching smart-contract and what happen to them when ETH2.0 finally go live?

There is no timeline as this smart contract has use cases in my opinion.

So there could be more projects even outside of crypto that are going to take advantage of this smart contract, cross chain and other technologies that will benefit any industry in my opinion.

So the future is very bright for Defi even if we have ETH2.0 or any other iterations in their schedules for the next 2-3 years.

cabron

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Quote from: cabron on August 25, 2021, 08:24:13 PM

Having a high gas rate is also the reason why some projects are moving to other smart-contract platforms like BSC. The ETH is just a pain when some of us are just transferring less than the gas fee.

It will never end, developers will come up with a new platform again if for instance BSC price also go up, the BNB gas will also go up. This could also happen to the new platforms created.

It's been a while that I last transact on Eth, and checking it now the cost is still high I log in, in my MyCrypto desktop wallet and the fee still range from $2 to $5 compared to years ago when I can transact with pennies, I am now using Binance Smart Chain it's convenient it's fast and cheap, what was Ethereum it's BSC now

Think of it like BNB will also go up to $2,000, its gas fee will probably go higher than what it is today. I have no idea about how they do it with BSC but this is a centralized platform like ETH which they can also do something to make changes if consensus agrees.

Which platform do you think the developers will move to if the gases are higher in BSC? The next in line could be DOT or SOL or ADA which is cheaper.

dansus021

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the ETH 2.0 most likely going to make smart contract to touch the New All Time High with low gas fee, since BSC , matic do the same i think smartcontract will never end till new technology showed up.

I know some people like coin with own blockchain like btc or other coin but sooner or later they will implement smart contract on their system

tsaroz

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I believe all of them would be compatible to ETH2.0 as well. How cheaper and quicker the fully implemented ETH2.0 would decide whether people would prefer it or not. But we are always going to have options. There already are multiple of platforms and many of them are getting good attention. It's not that people would just move everything on one which has the cheaper fees. This diverse ecosystem within an ecosystem would be difficult to track and maintain but having multiple option would always benefit the users.

Bttzed03

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Quote from: omone1 on August 25, 2021, 02:34:53 PM

~ I personally have greatly limited my trade on ERC20 and using BEP20, Polygon, SOL, AVAX, LUNA so as not to miss out of the Defi boom. My concern is how long shall new projects keeps launching smart-contract and what happen to them when ETH2.0 finally go live?

If you're already enjoying the fast transactions and cheap fees these platforms provide, will you ditch them just because ethereum finally launched their 2.0? I know I wouldn't and there are probably hundreds of thousands who thinks like me. Personally, I'm okay using all these platforms at the same time.

cabron

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Quote from: sunce33 on August 25, 2021, 07:48:17 PM

Quote from: ?? on ??

The arrival of ETH 2.0 will be until the end of the year 2022. However, this could not have a great impact on other networks and smart contracts. Any DeFi project will have more options to choose what suits you best.
ETH 2.0 will not have many changes, recently with the london hardfork it should reduce gas rates and it did not happen. Only they will no longer increase when the network is congested...
With ETH 2.0, only scalability, security, and the cost of mining are improved when going from POW to POS.

If new ETH 2.0 not change gas rates, what is the point.I think people are using less at the moment, I think that's why they're doing fork,to return the old ETH Network only well improved.

Having a high gas rate is also the reason why some projects are moving to other smart-contract platforms like BSC. The ETH is just a pain when some of us are just transferring less than the gas fee.

It will never end, developers will come up with a new platform again if for instance BSC price also go up, the BNB gas will also go up. This could also happen to the new platforms created.

sunce33

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Quote from: ?? on ??

The arrival of ETH 2.0 will be until the end of the year 2022. However, this could not have a great impact on other networks and smart contracts. Any DeFi project will have more options to choose what suits you best.
ETH 2.0 will not have many changes, recently with the london hardfork it should reduce gas rates and it did not happen. Only they will no longer increase when the network is congested...
With ETH 2.0, only scalability, security, and the cost of mining are improved when going from POW to POS.

If new ETH 2.0 not change gas rates, what is the point.I think people are using less at the moment, I think that's why they're doing fork,to return the old ETH Network only well improved.

bitkanu

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Quote from: omone1 on August 25, 2021, 02:34:53 PM

My concern is how long shall new projects keeps launching smart-contract and what happen to them when ETH2.0 finally go live?

The answer might be forever. They will still exist and nothing to be changed in term of the smartcontract creation. ETH 2.0 will be changing the technical structure of ethereum started from implementing POS and determine the maximum hardcap to give limitation for the ethereum that can be mined by the miners.

Remember that london was also making the ethereum fees got burned to the hell. Sometime it makes ethereum got deflation instead of generating more ethereum.
Ethereum 2.0 will not be affecting the project that build on it. Im not seeing any revision on the ethereum smartcontract that will come from the ethereum 2.0 update

dhemasm

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Quote from: omone1 on August 25, 2021, 02:34:53 PM

My concern is how long shall new projects keeps launching smart-contract

IMHO, it's will never end. There will be always new Project that launching their own chain with Smart-Contract Integration but basically it have more advantages than the current Existing Blockchain, as you can see market demand will always grows.

Quote from: omone1 on August 25, 2021, 02:34:53 PM

what happen to them when ETH2.0 finally go live?

Trick question, It's depends on the project itself, Can they adapt and improvise? If not they are going to died but as i said before there will be always new project that improvised current Blockchain especially Ethereum. We only can wait for now!

omone1

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Owing to the tremendous success of the ethereum network serving as a launching platform to many altcoins. Many projects who saw the problem currently bedeviling the eth network have taken to launching their platform so as to off-scale BTC, EtH and many top coins and equally have new and existing projects build on their platform.

I personally have greatly limited my trade on ERC20 and using BEP20, Polygon, SOL, AVAX, LUNA so as not to miss out of the Defi boom. My concern is how long shall new projects keeps launching smart-contract and what happen to them when ETH2.0 finally go live?

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