Topic: The main problem with ETH... (Read 524 times)
One of the main issues is the scalability problem. When lots of people try to use it at once, it can slow down, making transactions take ages and cost more in fees. That can be a bummer, especially if you're trying to move your funds quickly.Also, there’s a lot of competition out there. Newer platforms are popping up that offer faster transactions and lower fees. It makes you wonder if ETH can keep up. Plus, the whole transition to proof-of-stake is a bit tricky. It should help in the long run but it is still a work in progress.If you're looking for more insights or want to chat about alternatives, check out figment.io . They have some great resources. While ETH has its challenges, it still has a lot of potential.
Being aggressive, how? I can't be aggressive towards anyone, I know better than that. My construction approach may not align with yours since we disagree, but that doesn't make you conclude I was aggressive. It was a plain question I asked, so why are you judgmental? I've noticed many people can't achieve close to what some people achieved but they will be criticizing as if they know everything. Asking a sincere question to show his achievement is not so rude/aggressive the way you put it
I sense something is not right with you and I do feel you are living in a delusional habitat because you came with one heck of a weird reply to my one-line reply. To justify your behaviour you had to right so much
You are wrong here, I don't have any investment in Ethereum but regularly trade it. Again, if I have any interest in it or even invested in it, I don't let my emotions rule me, I act with a neutral mind.
Someone who is regularly trading Ethereum is considered a trader and investor. If you are not investing in Ethereum then how the heck are you able to trade it? Emotional mind, what are you talking about?
Understand one point do not justify your argument with emotional gimmick. If you don't have anything concrete to counter my reply you shouldn't bother to reply. 
My thought is that you are very wrong about this, you know all these and you've not created your blockchain yet? It's easy to criticize but difficult to create and manage one's invention. Vitalik Buterin and the other brains behind Ethereum are not dumbs, they know exactly what they want but there is room for improvements and upgrades, no gadget or application gets it at once, that's why they always add and remove and call it "upgrade." Ethereum carefully studies Bitcoin to improve it, and if you are comparing it with others like Solana and TON, you have a point but also know that they studied why Ethereum was so appreciated and improved on it. Having several functions in one blockchain is never easy, that's what Ethereum faces, but it still stays true to its name.
There's no need to be so aggressive towards someone who is questioning Ethereum.
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I get the sense that you may have invested a lot in it or obtained your $ETH for free by completing tasks during the initial days. I would appreciate a professional argument and would love it if you could explain why Ethereum is vulnerable after getting the ETF approved. Please take a moment to consider my argument before responding.
You are wrong here, I don't have any investment in Ethereum but regularly trade it. Again, if I have any interest in it or even invested in it, I don't let my emotions rule me, I act with a neutral mind. here's one of the things said by a guy who supported ETH being a validator for years. and he is not happy with what is happening in the ENS and all the rest of the tokens that used the Etherchain. it's been happening for years already and we can see it since the time Tether got into most of the L1 projects but are using eth blockchain. users are just up to making profits and not for decentralization.
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I’m an Ethereum node validator mining for over 1100 days! Why because I saw the connections with TradFi years ago and so I took a bet on ETH and wanted to support what they called ETH2. But over the years, I’ve been seeing things which I disagree with. LSD’s, restaking, and sadly this extreme bias with ENS.
These conflicts of interest are fuelled solely by their investments and the price of tokens! It’s an attempt for an inner circle to hold a monopoly over certain services.
The @ethereum foundation recently suggested they need to work on these financial conflicts of interest. The problem is, imho they are empty words.
I’m not sure they can actually put their biases aside because they’re so deeply intertwined with these tokens financially they are ethically and morally corrupt.
They can’t deny it because they are literally saying these things publicly, we have the receipts recorded in podcasts hosted on the Internet for everyone to hear and see.
And for this reason I believe in a multi chain paradigm. Because if you’re going to sit on a high horse with such arrogance believing that nothing can compete due to a first mover advantage.
To me that is a sign of lackadaisical leadership with their eyes off the ball, bellies already too fat from feeding off the ERC-20 trough for too long.
@IOHK_Charles has made a loud and clear message to @BanklessHQ
that if they wish to mock their research and technology at least have the balls to go and do it in person to their communities faces, instead of hiding behind a computer screen with the Ethereum army backing them up.
Charles is right, I’ve not seen Ethereum Maxis talk about any other protocol in the many years I’ve been around in a positive manner. Unless it’s an L2 of course!
They throw shade on anything they’re not connected to financially and for some reason the same goes for .eth they disingenuously push a narrative that it’s the only Ethereum name service 😂 and ironically after doing exactly the same to the Solana community @BanklessHQ have bizarrely pivoted and have been banging on about Solana for about a year now since it hit it’s low of $7 👀 and Vitalik jumped in to pump it! ☝️
I would bet my bottom dollar these guys are heavily invested in Solana now, possible fraudulent and misleading behaviour from social networking influencers pumping their bags. No one would be surprised, this is crypto after all.
@VitalikButerin
knows that if he ever murmured the words of another TLD that uses the Ethereum blockchain that it would harm the price of the ENS token. And that’s why he will pretend for as long as possible that ENS is the only decentralised DNS protocol on the Ethereum Blockchain 🤦♂️
ENS is not even decentralised because of the way they use token weighted governance and the major holders of the tokens happen to be Binance, Coinbase a16z et al and other whales that we’re not too sure who they actually are?
more https://x.com/ZKDID_/status/1799400337612190153 These conflicts of interest are fuelled solely by their investments and the price of tokens! It’s an attempt for an inner circle to hold a monopoly over certain services.
The @ethereum foundation recently suggested they need to work on these financial conflicts of interest. The problem is, imho they are empty words.
I’m not sure they can actually put their biases aside because they’re so deeply intertwined with these tokens financially they are ethically and morally corrupt.
They can’t deny it because they are literally saying these things publicly, we have the receipts recorded in podcasts hosted on the Internet for everyone to hear and see.
And for this reason I believe in a multi chain paradigm. Because if you’re going to sit on a high horse with such arrogance believing that nothing can compete due to a first mover advantage.
To me that is a sign of lackadaisical leadership with their eyes off the ball, bellies already too fat from feeding off the ERC-20 trough for too long.
@IOHK_Charles has made a loud and clear message to @BanklessHQ
that if they wish to mock their research and technology at least have the balls to go and do it in person to their communities faces, instead of hiding behind a computer screen with the Ethereum army backing them up.
Charles is right, I’ve not seen Ethereum Maxis talk about any other protocol in the many years I’ve been around in a positive manner. Unless it’s an L2 of course!
They throw shade on anything they’re not connected to financially and for some reason the same goes for .eth they disingenuously push a narrative that it’s the only Ethereum name service 😂 and ironically after doing exactly the same to the Solana community @BanklessHQ have bizarrely pivoted and have been banging on about Solana for about a year now since it hit it’s low of $7 👀 and Vitalik jumped in to pump it! ☝️
I would bet my bottom dollar these guys are heavily invested in Solana now, possible fraudulent and misleading behaviour from social networking influencers pumping their bags. No one would be surprised, this is crypto after all.
@VitalikButerin
knows that if he ever murmured the words of another TLD that uses the Ethereum blockchain that it would harm the price of the ENS token. And that’s why he will pretend for as long as possible that ENS is the only decentralised DNS protocol on the Ethereum Blockchain 🤦♂️
ENS is not even decentralised because of the way they use token weighted governance and the major holders of the tokens happen to be Binance, Coinbase a16z et al and other whales that we’re not too sure who they actually are?
Will definitely take time to read into this one, but it's an interesting perspective from a person involved into the node for sure.
I've heard from different posts and from here that ETH is centralized, too centralized for some.
Ethereum's biggest problem is scalability. I'm sure everyone agrees on this. However, quality projects are still running on Ethereum. Thousands of developers are releasing their new projects on ethereum. I don't know if everyone trusts Vitalik, but everyone is staying on Ethereum despite all the problems. I think if we are going to see a change, positive or negative, they will start it and we as end users will follow them...
Ethereum blockchain have been very compromised over the past years due the instability and volatility the market. Who's fault to blame? Vitalik Buterin is probably not the man to be hold responsible for the heavy crash of these projects build on the Ethereum blockchain network. Trust is a strong word to use in the system. Before taking any decision to become a developer, one ought . It's been absolutely a tough one for people that engaged in the space mostly the developers, having everything to lose in the market. 
What are your thoughts? Does ETH have a bad network design? If not, why? What do you think would be the best approach for scaling ETH (aside from centralized L2s)? Your input would be greatly appreciated. Thank you. 
And that is why the Layer 2 solution was first created on the Ethereum network due to its scalability issue. They have added so many upgrades to the network that I cannot remember but those have not been effective. The transaction fees are still high and that is the reason why the BSC chain became popular in the last bull run and the next in line will be the Solana network as that is what I can forsee. A lot of new crypto projects are now using other blockchains that are cheaper, faster, and can handle congestion or they are using a layer 2 solution.
It is true that the problem of transaction costs has not been resolved until now, but actually sometimes transaction costs can be cheap when the market is sluggish, and it takes perseverance to check every time to get cheap network costs.
My thought is that you are very wrong about this, you know all these and you've not created your blockchain yet? It's easy to criticize but difficult to create and manage one's invention. Vitalik Buterin and the other brains behind Ethereum are not dumbs, they know exactly what they want but there is room for improvements and upgrades, no gadget or application gets it at once, that's why they always add and remove and call it "upgrade." Ethereum carefully studies Bitcoin to improve it, and if you are comparing it with others like Solana and TON, you have a point but also know that they studied why Ethereum was so appreciated and improved on it. Having several functions in one blockchain is never easy, that's what Ethereum faces, but it still stays true to its name.
There's no need to be so aggressive towards someone who is questioning Ethereum. I get the sense that you may have invested a lot in it or obtained your $ETH for free by completing tasks during the initial days. I would appreciate a professional argument and would love it if you could explain why Ethereum is vulnerable after getting the ETF approved. Please take a moment to consider my argument before responding.
ETH's design was a bad idea from the start. Executing turing-complete smart contracts on-chain, adds undesired network bloat. The Blockchain wasn't designed to handle a large number of interactions per second. Vitalik and team should've separated contract deployment and execution from the main Ethereum blockchain. In other words, smart contracts will run off-chain, while ordinary transactions will run on-chain. Avalanche's 3-layer network design is the best way for scaling. For those unaware, "turing-completeness" means being able to "solve any complex computation problem if provided with enough memory and time".
What are your thoughts? Does ETH have a bad network design? If not, why? What do you think would be the best approach for scaling ETH (aside from centralized L2s)? Your input would be greatly appreciated. Thank you.
My thought is that you are very wrong about this, you know all these and you've not created your blockchain yet? It's easy to criticize but difficult to create and manage one's invention. Vitalik Buterin and the other brains behind Ethereum are not dumbs, they know exactly what they want but there is room for improvements and upgrades, no gadget or application gets it at once, that's why they always add and remove and call it "upgrade." Ethereum carefully studies Bitcoin to improve it, and if you are comparing it with others like Solana and TON, you have a point but also know that they studied why Ethereum was so appreciated and improved on it. Having several functions in one blockchain is never easy, that's what Ethereum faces, but it still stays true to its name. What are your thoughts? Does ETH have a bad network design? If not, why? What do you think would be the best approach for scaling ETH (aside from centralized L2s)? Your input would be greatly appreciated. Thank you.
It is common knowledge that the main problem with ETH is the high transaction costs,
The counterpart of bitcoin's transaction fees is gas fees of ethereum.In ethereum, gas is what is used to compute for the effort required to make a transaction. There are several reasons why gas fees are high one of them is the problem of all cryptocurrencies with high volume of users: their congestion. Gas fees also increase due to the more complicated nature of some transactions.
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and of course the developers have made certain efforts to minimize the costs incurred, one of the ways that is being done is increasing the network scale on each platform, Even though it's not optimal, I think this method will reduce ethereum transaction costs over time.
Layer 2 solutions are also part of the methods to try and lessen the congestion in the blockchain. for us investors what we can do is to watch out for a time where there is not much transactions happening or the price is not that high so gas fees aren't too high as well. 
Ethereum's biggest problem is scalability. I'm sure everyone agrees on this. However, quality projects are still running on Ethereum. Thousands of developers are releasing their new projects on ethereum. I don't know if everyone trusts Vitalik, but everyone is staying on Ethereum despite all the problems. I think if we are going to see a change, positive or negative, they will start it and we as end users will follow them...
most of dapps right now are blockchain agnostic, they don't just stick with one blockchain but gonna expand as much as they can, since if its EVM based literally what they needed to do is just doing some testing with their existing codebase and deploy it, heck, some even expand to the blockchain that doesn't rely on EVM, there has been many emergence of dapps that are omnichain, they usually utilizes bridging protocol like layerzero, considering that these bridging protocol already have abundant liquidity and good routes all the problem with bridging has been solved.aside from that, most of the new blockchain also incentivizes existing dapps to integrate to their network so it's also the thing that causes massive dapps expansion across various blockchain so the argument that ethereum got all the quality project is little bit irelevant right now.
on the other hand, after the introduction of blobs, in my opinion, ethereum devs are taking approach to cultivate L2 for the sake of offloading complex, gas expensive computing to the L2. so the L2 is where the dapps interaction will frequently occurs and ethereum will secure those networks through blobs that significantly reduces gas cost compared to calldata for the L2 settlement (posting L2 transactions data to the L1). at least that is what I think of it.
Ethereum's biggest problem is scalability. I'm sure everyone agrees on this. However, quality projects are still running on Ethereum. Thousands of developers are releasing their new projects on ethereum. I don't know if everyone trusts Vitalik, but everyone is staying on Ethereum despite all the problems. I think if we are going to see a change, positive or negative, they will start it and we as end users will follow them...
it's real the plan has been drawn up
has been taken and it has overcome Ethereum's shortcomings in overcoming existing scalability solutions. I am sure that the future will be better by maximizing current performance, which shows an optimal effort,
Due to the high adoption of the scaling schemes used to improve the performance of Ethereum which is used as infrastructure for many applications, limitations due to the initial nature of the network and knowing that it can make changes to make it better.
Ethereum's biggest problem is scalability. I'm sure everyone agrees on this. However, quality projects are still running on Ethereum. Thousands of developers are releasing their new projects on ethereum. I don't know if everyone trusts Vitalik, but everyone is staying on Ethereum despite all the problems. I think if we are going to see a change, positive or negative, they will start it and we as end users will follow them...
Scaling Blockchains has always been an issue. I'm talking about on-chain smart contracts making matters worse due to the high amount of resources they consume. If smart contracts had their own chain separate from the main ETH blockchain, there would be less network load. This means lower fees and faster confirmation times.
Unless developers plan to constantly increase ETH's transaction capacity, on-chain smart contracts will continue to plague the network for as long as it lives. Again, Avalanche's 3-layer approach is the best way to scale the Blockchain. Smart contracts (dApps) have their own chain, consensus has its own chain, and payments have their own chain. I'm certainly not a fan of ETH's L2 networks, especially when they're centralized. Only time will tell us if on-chain network fees will remain high or decline to acceptable levels. At least, we have plenty of other chains to choose from.
Ethereum's biggest problem is scalability. I'm sure everyone agrees on this. However, quality projects are still running on Ethereum. Thousands of developers are releasing their new projects on ethereum. I don't know if everyone trusts Vitalik, but everyone is staying on Ethereum despite all the problems. I think if we are going to see a change, positive or negative, they will start it and we as end users will follow them...
Ethereum had an early mover advantage and today we see many projects aiming to be EVM compatible. Even if they are not on the main chain they are still part of the greater ecosystem, which benefits Ethereum’s network effects.
We are recently starting to see Solana gain more traction. Just like Tron surpassed Ethereum for stablecoin activity, we are seeing Solana’s market share growing in many areas, while ETH’s web3 dominance diminishes. The fact that Solana is very centralized doesn’t matter to the majority of users who are just trying to transact with the lowest fees possible.
Ethereum's biggest problem is scalability. I'm sure everyone agrees on this. However, quality projects are still running on Ethereum. Thousands of developers are releasing their new projects on ethereum. I don't know if everyone trusts Vitalik, but everyone is staying on Ethereum despite all the problems. I think if we are going to see a change, positive or negative, they will start it and we as end users will follow them...
when it was still pow, we're already doing this. the same problem with BTC, miners and validators are picking transactions for profit. it's still the same problem for the other platforms despite the high TPS can be done and L2s being developed. when the value of the L2 projects goes to up as well, i think the same problem will arise.
We developed the top strategies for our trades and investments projects. ETH comes with extremely high fee and we should always watch out for our possible safety in the market. The market have its own very seasons and have become a top trends in the system. Pumping and dumping comes with different results and we should always know what's coming in and out. From my research it is the transaction fee that is the major problem of Ethereum and the developers have not done anything to douse the issue and another one is the progress of the market price which is very slow foe some investors likeness. And I don't think because of that I will be interested to invest in Ethereum. And those who have invested in it can continue the investment. But I don't think those who started their investment late last year and early this year have made any gain from the investment.
Before venturing into any business one need to find out the advantages and disadvantages of the business and check if the disadvantages are bearable or not cause you can just jump into business knowing fully well that the disadvantages is something to compare with the advantages. Is the person planning to move forward or backward, what an saying in essence is that Etherum Gas fee is too much and their transaction always take longer time before it will arrive, just imagine a situation where someone wants to withdraw from it's ETH wallet to another where he or she can use the money and lets say the thing is very urgent will the person still be waiting for the transaction to arrive, these are things they should work on.Anyway, the speed of the transaction can also depend on the fees that we put in. ETH fees are already high nowadays in default, so we might still increase our fees if we want our transactions to get processed faster.
when it was still pow, we're already doing this. the same problem with BTC, miners and validators are picking transactions for profit. it's still the same problem for the other platforms despite the high TPS can be done and L2s being developed. when the value of the L2 projects goes to up as well, i think the same problem will arise.
From my research it is the transaction fee that is the major problem of Ethereum and the developers have not done anything to douse the issue and another one is the progress of the market price which is very slow foe some investors likeness. And I don't think because of that I will be interested to invest in Ethereum. And those who have invested in it can continue the investment. But I don't think those who started their investment late last year and early this year have made any gain from the investment.
Before venturing into any business one need to find out the advantages and disadvantages of the business and check if the disadvantages are bearable or not cause you can just jump into business knowing fully well that the disadvantages is something to compare with the advantages. Is the person planning to move forward or backward, what an saying in essence is that Etherum Gas fee is too much and their transaction always take longer time before it will arrive, just imagine a situation where someone wants to withdraw from it's ETH wallet to another where he or she can use the money and lets say the thing is very urgent will the person still be waiting for the transaction to arrive, these are things they should work on.Anyway, the speed of the transaction can also depend on the fees that we put in. ETH fees are already high nowadays in default, so we might still increase our fees if we want our transactions to get processed faster.
I think moving to POS was the mistake not the design of their blockchain and the smart contracts within it. They somehow survived it until ICO came that bloated their chain because of the number of smart contracts that was created and the vast amount of transactions that is happening. Even before, it was already a slow network and they thought they can fix it by moving to POS. Well, it did somehow but what I like now is the transactions fees getting cheaper but I hate it when it comes to ERC20 fees.
I don't think there's much fixing that will happen but they will always be the top 1 when it comes to the altcoin industry and for many years it's possible that may not change.
I don't think there's much fixing that will happen but they will always be the top 1 when it comes to the altcoin industry and for many years it's possible that may not change.
PoS was supposed to improve performance and focus on cost-efficiency. But so far, things remain the same as before. It's even worse with the "meme" coins craze. We can blame on-chain smart contracts for this.
Wouldn't Ethereum had less load if everything else is moved off-chain (no centralized L2s)? Sort of how Avalanche does. Consensus has its own layer, smart contracts have their own layer, and the base chain (for normal transactions) has its own layer. The 3-tier approach for scaling is genius, imo. ETH devs should redesign the network for the benefit of all. L2s won't stay cheap forever. They're limited by the L1s capabilities.
Solana is even more practical than Ethereum. If it wasn't because of the constant network outages, it would've already "killed" ETH as the leading smart contracts platform in the world. The only reason why ETH is still #1 (as in the number one altcoin), it's because of its first mover advantage. Hopefully, the network will improve to a point where it becomes usable again.
"Undesired" is the part that makes me laugh, the coin itself is second ranked coin that is basically king of all altcoins, and you think that is undesired? All these people who think that it would have been even better without it, could see all the ones without it and how they are not second, not all coins have it, eth does, and it's second ranked. This should have been enough for people to see that it is desired and not undesired but they still want to ignore that part for some reason.
All in all I believe that we are going to see people still do not understand it and look for more, and improvements are fine as long as people like them, but you could also take it to some place that is not wanted, so it should be closely looked if people even want that.
All in all I believe that we are going to see people still do not understand it and look for more, and improvements are fine as long as people like them, but you could also take it to some place that is not wanted, so it should be closely looked if people even want that.
I think moving to POS was the mistake not the design of their blockchain and the smart contracts within it. They somehow survived it until ICO came that bloated their chain because of the number of smart contracts that was created and the vast amount of transactions that is happening. Even before, it was already a slow network and they thought they can fix it by moving to POS. Well, it did somehow but what I like now is the transactions fees getting cheaper but I hate it when it comes to ERC20 fees.
I don't think there's much fixing that will happen but they will always be the top 1 when it comes to the altcoin industry and for many years it's possible that may not change.
I don't think there's much fixing that will happen but they will always be the top 1 when it comes to the altcoin industry and for many years it's possible that may not change.
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