Pages:
Author

Topic: So are we waiting for Ethereum 2.0 to take full effect in 2030? (Read 575 times)

hero member
Activity: 2814
Merit: 576
Wow, this is really going to take a long while but I don't think the Ethereum community will be very pushy if the developers need this time in order to make this upgrade and development secured.
The community will definitely support this development because ethereum has a great potential value that really needs to be upgraded. Either it may take longer than 2030, it's not a problem as long etherem 2.0 will finally be happening.
full member
Activity: 756
Merit: 100
Ethereum is making progress, but the timeline for a full ETH 2.0 release is not coming any closer. According to a recent official blog post, we can expect “potentially many years before a full ‘Ethereum 2.0’ roll-out.”

With the recent Istanbul hard fork update, many in the Ethereum community were enthusiastic about Ethereum 2.0 coming soon. This enthusiasm, however, fails to grasp the complexity of the work the Ethereum developers are undertaking — and it’s going to take them a lot more time.


Source link here

It looks like we are waiting not just few years. But many, many, many years! So I'm saying like in 2030?

I knew that the Ethereum and crypto community are waiting for the 2.0 to be launched sooner than later, but that won't be happening.

As the old saying goes, "Rome wasn't built in a day".

Yeah, I know this is kind of an old stuff to say, but I kinda agree with it though. They say that it may take a long while for Ethereum 2.0 to be in full effect.

For crypto enthusiasts out there (especially who are supporters and holders of Ethereum), I know this isn't something you are excited about. However, if you think about long term, that's where we all should be excited.

If I predict right that it'll be going "full force" in 2030, I should be 40+ by that time.
As different rumors another hard fork is coming this year and next year. Ethereum 2.0 won't take more time,Vitalik" Buterin tweeted that Ethereum 2.0 will be on beacon chain and demo already version already demonstrated. 2030! Unbelievable!! I assuming for after Q3 2021 to see full affect of Ethereum 2.0.
sr. member
Activity: 1274
Merit: 260
1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
Wow, this is really going to take a long while but I don't think the Ethereum community will be very pushy if the developers need this time in order to make this upgrade and development secured.
sr. member
Activity: 1400
Merit: 347
Bitcoin transaction took 40 minutes.
Ethereum transaction took 40 seconds.

Both were paid with their maximum fees.

Which one is more prepared for the upcoming storm?
full member
Activity: 1093
Merit: 103
I think Ethereum 2.0 should not need too much time to take fully effect. These day, technology grow too fast and within a year any project can beat other project easily. If Ethereum keep slowly release Eth 2.0, other competition may have release better product and then no one will know about Eth 2.0.

It's not about tech upgrade but the complexity of the works needed in order to transfer on a new scale blockchain without any hassle. For sure Eth consider this already but of course they wanted to secure a full blown success of their migration. Remember this isnt a simple fork this is a complete changing from PoW to POS so many things should be consider.
Nevertheless, it is the update that Casper should implement PoS, instead of PoW.  First of all, this will increase the reduction in the size of energy consumption and, accordingly, reduce the intensity of the emission of harmful substances, which will protect the environment.  In addition, the Casper update makes it possible with PoS to strengthen the decentralization of ethereum, since in fact any attacks and interventions will become unprofitable and too expensive.
full member
Activity: 474
Merit: 111
I don't think it took so long. You know, the market capitalization is down very strongly and businesses like Ethereum often have to take advantage of something new to attract more capital from new investors into the market. Therefore, they still have daily hardwork to produce a great result for us in 2020 or 2021 by the latest. I believe that the market has grown stronger and Ethereum 2.0 will be completed sooner than you think.
sr. member
Activity: 1498
Merit: 326
Vave.com - Crypto Casino
I think Ethereum 2.0 should not need too much time to take fully effect. These day, technology grow too fast and within a year any project can beat other project easily. If Ethereum keep slowly release Eth 2.0, other competition may have release better product and then no one will know about Eth 2.0.

It's not about tech upgrade but the complexity of the works needed in order to transfer on a new scale blockchain without any hassle. For sure Eth consider this already but of course they wanted to secure a full blown success of their migration. Remember this isnt a simple fork this is a complete changing from PoW to POS so many things should be consider.
hero member
Activity: 1106
Merit: 506
I think that ethereum waits until 2030 is too long and maybe if we wait until 2030 ethereum will crash and become zero. at this time the situation in ethereum is very bad, some investors have also begun to leave ethereum because the value of ethereum has continued to decline in the past two years. I think the ethereum developers must release eth version 2.0 soon in order to attract more investors. if the ethereum developer does not develop the technology then ethereum will be abandoned and replaced by another coin.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
I thought it is a typo when you have said "2030". Isnt it that ETH 2.0 will be launching by next year? if it will take up to 2030, forget about it because there might be a new tech that will emerge and replace it.
You are right if Ethereum 2.0 takes so long until 2030 to launch, another will launch or will take place from running blockchain. Although already news was cleared about Ethereum that for next two hard fork and Ethereum 2.0. Another is no matter this long two bullrun before that time.
If it's going to be that long, I guess everyone will be bored and this can finally one of the reason for the people ethereum to dump it willingly. But as long as there are updates that are being said by the team, this can make ethereum alive and continue to be the top 2 cryptocurrency.
2030 is truly a long time to wait and I don't think everybody is willing to wait for that long.
jr. member
Activity: 448
Merit: 1
Hard fork I think should not take that long except they are considering the current value of ethereum. Remember the last bitcoin fork was around the greatest bull run in the history of cryptocurrency.
hero member
Activity: 1008
Merit: 531
It would be extremely disappointing in my opinion if it took more than a year or two for ETH2.0 to kick in.

This is because of the fact that the whole narrative of ETH was based on the fact that it offers a more scalable version of BTC, and there was a period of time where ETH transaction fees were more than that of even BTC's iirc.

It's obviously a huge hit and a big reason why price action is subdued. If they can get ETH2.0 to work in the near future then they are able to turn this ship around.
sr. member
Activity: 602
Merit: 250
—RUSHMOON — Automatic LP & Yield Farm & AMM on BSC
I think Ethereum 2.0 should not need too much time to take fully effect. These day, technology grow too fast and within a year any project can beat other project easily. If Ethereum keep slowly release Eth 2.0, other competition may have release better product and then no one will know about Eth 2.0.
sr. member
Activity: 644
Merit: 257
Worldwide Payments Accepted in Seconds!
If that long then many projects below eth will probably step up. Of course people and investors only interested on projects eith moving parts, so to say is, If eth will delay this further then how the community will trust them with investment of their coin? It the accomplishment can be done in longer time. The implementation should not be far cause new blockchain can easily changed from POW to POS.
sr. member
Activity: 1204
Merit: 253
Undeads.com - P2E Runner Game
Very long to wait until 2030? Whether during that? I think just not too long to Ethereum to 2.0, but if it is full power will happen 2030 why not? Instead, it's great to hold a little start now for long term investments.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
I don't know if the OP is being sarcastic of saying by 2030? But I guess it will be in the 2020s.

Developing and updating a platform is indeed not easy and requires time to perfect it. I know ethereum 2.0 will be launched in 2020, but of course the new ethereum platform will not work fully, it will take time to run it, there may be trouble errors, and bug fixes. We as platform users must also provide feedback if we find the weakness of the upcoming Ethereum 2.0 platform.
If the maturation of the platform and trial until 2030, in my opinion it is usual to create a perfect platform and work well.

Very true, it will require number of years to determine if the network is truly serving its purpose. But this only shows that eth network will be here for another couple of years or so. They are one of the platforms that are continuously looking for improvement on their services. And this is a good thing as their value will also increase.
legendary
Activity: 2716
Merit: 1855
Rollbit.com | #1 Solana Casino
Developing and updating a platform is indeed not easy and requires time to perfect it. I know ethereum 2.0 will be launched in 2020, but of course the new ethereum platform will not work fully, it will take time to run it, there may be trouble errors, and bug fixes. We as platform users must also provide feedback if we find the weakness of the upcoming Ethereum 2.0 platform.
If the maturation of the platform and trial until 2030, in my opinion it is usual to create a perfect platform and work well.
hero member
Activity: 1638
Merit: 518
"Rome is not built in a day" it is a reality in a long process as well as ethereum of course also requires a process to build everything from the beginning until now and added to the problems that must be resolved include:
1.chain storage
2. Block size and transaction throughput
3. status size and network performance
and here I feel proud because the team is trying hard to solve it!
BTW as I know in 2020 ETH will release a POS, is that true?

yep , as far i know project will be started on january next year .
but on another article i read, it will be started on june next year , well whateva , as long that happened on 2020 , its surely good , since bitcoin halving make good sentiment on crypto world, as the runner up on crypto market, i also believe ETH 2.0 will make a new good sentiment for crypto world.
sr. member
Activity: 1876
Merit: 295
GOD is TRUE
Actually how long it will take for eth to update to 2.0 will not affect the fans. It is precisely because of this complicated update process that people will respect eth because it will successfully launch 2.0. I consider this op's words like dissatisfaction with the promise of an eth 2.0 update that is not coming. I don't know if he holds eth to wait for profit when it updates later or not. What is clear is an update will occur.
op speculates about predictions for when the full effect will occur, if eth 2.0 actually occurs in q1 next year even though it is still in the zero phase, it will still undergo a long transition process from two different chains between versions 1.0 and 2.0. I also don't think that far, what is very clear is that the plan for next year will coincide with Halving btc, the market will experience interconnected hype without looking at eth projections specifically.
sr. member
Activity: 1050
Merit: 256
Actually how long it will take for eth to update to 2.0 will not affect the fans. It is precisely because of this complicated update process that people will respect eth because it will successfully launch 2.0. I consider this op's words like dissatisfaction with the promise of an eth 2.0 update that is not coming. I don't know if he holds eth to wait for profit when it updates later or not. What is clear is an update will occur.
member
Activity: 476
Merit: 12
I am not against at eth but I think if we will wait for 2030, it is long time,it is decade. So honestly speaking it is clear that waiting for another eth version is waste of time.  I think if you are going to invest now on other like in bitcoin, when 2030 came you are already successful so don't waste your time to wait for not really sure innovation.
Pages:
Jump to: