Topic: What do you think about the recent Ethereum upgrade? Is it good or bad? - page 2. (Read 228 times)
August 14, 2021, 02:49:25 AM
I can also see that the gwei/gas fee didn't change that much. In fact, before the London fork the fees were already low and when they've applied this upgrade then the fee suddenly surged. I don't think that it's an immediate effect that we're going to see for this upgrade and it takes time before it's going to fully implement the low fees. I guess let's just give it time until the whole effect take full control and those upgrades that they make are for the better of Ethereum but I'm one also of those that are disappointment to see that it's not yet dropped.
August 14, 2021, 02:43:02 AM
I think the first part of the upgrade will be good, but I don't think it'll change much about how Ethereum works in the long term. However, The London hard fork is just a precursor to the Ethereum 2.0 update that should have a more meaningful impact. The jury is still out as to whether the outcome will be good or bad.
August 14, 2021, 02:34:58 AM
It is said that this upgrade didn't make any difference for usual users. On the other hand, as I know, it makes us closer to Ethereum 2.0. This hard fork makes Ethereum to be able to change the size of blockchain depending on the activity. It means that if there are a lot of traders now, the block can enlarge, and vice versa. I don't know all the details, but we will judge according to results.
I see but what about the transaction fees, is that okay for you to stay that price $7 dollar on average, transaction, btw, I just send now a token in Legacy, and it has cost me a $15 worth of Eth on a single transaction in an ERC20 token transfer for me it was still expensive I try to swap also on UNISwap but before I commence the gas fee was $33 worth of Eth. now I know that the upgrade is not the answer to the gas fee problem. But overall it brings a good profit because of the pump minus the expensive gas fee.
Prices are also always encompassing future expectations. Yes this upgrade wasn't meant to solve the transaction fee problem, but the market recognizes that the team delivers as they promise and, hence, conclude that they will also deliver on their promises regarding transaction fee solutions. While markets can be irrational of course, and probably even are most of the time, there is also some truth to the fact that Bitcoin and Ethereum are at the top of the list of cryptos. Even though those two have their problems, they both hold up the core values of cryptocurrencies while also being further developed with the future prospect to once arrive at minimal transaction fees and sufficiently high efficiency while maintaining those core values of decentralization and security. The market believes that the chances are highest for those two to succeed. That is how I understand the pricing mechanism here. The recent upgrade certainly didn't hurt.
August 14, 2021, 02:25:02 AM
Lately, the Ethereum community of users including "me" is rejoicing and boosting that the Ethereum v2.0 London upgrade will be a game-changer, particularly the EIP-1559 implementation, But in a few days later, many are wondering why the Ethereum gas fees were still high, despite the upgrade was done already, some users are saying that Eth developers are just giving false hope, while other also saying that it's not working the way we are expected, in the time of writing the average gas price is $7.74(43 gwei) and for me, it was still high compare to BSC, Polygon and other Layer 2 chain.
What do you guys think? drop your fearless opinion below!
What do you guys think? drop your fearless opinion below!
Almost all say the ethereum gas is quite high, the average person wants ethereum to be able to perfect the gas, to keep the gas costs down quite high, but there has been no serious improvement in this regard, even though they have made a lot of improvements in ethereum upgrades.
This weakness is not seen in the context of the big problem by Ethereum itself, if it is not refined in the future for ease of transactions, prompting everyone to look for other solutions from ethereum, so the future opportunities of ethereum are questionable.
August 14, 2021, 02:16:14 AM
Gas fee is literally still the same, I had to use 5$ to send 120$ to exchange yesterday which hurts so I'm losing my faith on Ethereum, now that cardano has released its own smart contract I believe ETH won't matter anymore soon, I may be wrong though but other smart contract projects just do things better
August 14, 2021, 02:14:14 AM
Lately, the Ethereum community of users including "me" is rejoicing and boosting that the Ethereum v2.0 London upgrade will be a game-changer, particularly the EIP-1559 implementation, But in a few days later, many are wondering why the Ethereum gas fees were still high, despite the upgrade was done already, some users are saying that Eth developers are just giving false hope, while other also saying that it's not working the way we are expected, in the time of writing the average gas price is $7.74(43 gwei) and for me, it was still high compare to BSC, Polygon and other Layer 2 chain.
What do you guys think? drop your fearless opinion below!
What do you guys think? drop your fearless opinion below!
In my understanding, it is a good update however, there is something we need to know and differentiate, the Ethereum team are already working on two different upgrades, the London hard fork and the ETH 2.0 of which both comes different features, the London hard fork is designed at reducing the circulating supply of ETH, thus the reason ETH coin is being burn when a transaction is carried out, that is to say, this particular upgrade have nothing to do with gas fee. On the other upgrade, the ETH 2.0, this is most probably the upgrade a lot of people are waiting for, owing to the fact it is assumed to be the solution to high gas fees and speed, that is in all, more scalability of Ethereum blockchain.
Just like I pointed out, the London hard fork is a good one and is already efficient in doing its part, we now have to wait for the other upgrade. Even with the high gas fees, a lot of people are still investing in ETH because it is just the best altcoin.
August 14, 2021, 02:07:09 AM
It is said that this upgrade didn't make any difference for usual users. On the other hand, as I know, it makes us closer to Ethereum 2.0. This hard fork makes Ethereum to be able to change the size of blockchain depending on the activity. It means that if there are a lot of traders now, the block can enlarge, and vice versa. I don't know all the details, but we will judge according to results.
I see but what about the transaction fees, is that okay for you to stay that price $7 dollar on average, transaction, btw, I just send now a token in Legacy, and it has cost me a $15 worth of Eth on a single transaction in an ERC20 token transfer for me it was still expensive I try to swap also on UNISwap but before I commence the gas fee was $33 worth of Eth. now I know that the upgrade is not the answer to the gas fee problem. But overall it brings a good profit because of the pump minus the expensive gas fee.
August 14, 2021, 02:03:39 AM
What do you guys think? drop your fearless opinion below!
What can this be said (good and bad) I don't think so, on the contrary the increase in Ethereum will have a good impact on the crypto world in the future, bad side for those who didn't buy in 2019, good side for those who hold Ethereum today.another version:
Of course people think at this time it is good or bad to buy, no one can guarantee those two things, no one will blame if the price goes down and vice versa if the price goes up, Individual risks who bear losses and profits, trading or investing in crypto have their own tricks, knowledge, analysis in doing so, Outside information is also needed, it all comes back to yourself, if it's good to buy, do it and if it's bad to buy, don't do it.
August 14, 2021, 01:42:54 AM
It is said that this upgrade didn't make any difference for usual users. On the other hand, as I know, it makes us closer to Ethereum 2.0. This hard fork makes Ethereum to be able to change the size of blockchain depending on the activity. It means that if there are a lot of traders now, the block can enlarge, and vice versa. I don't know all the details, but we will judge according to results.
August 14, 2021, 01:28:31 AM
Lately, the Ethereum community of users including "me" is rejoicing and boosting that the Ethereum v2.0 London upgrade will be a game-changer, particularly the EIP-1559 implementation, But in a few days later, many are wondering why the Ethereum gas fees were still high, despite the upgrade was done already, some users are saying that Eth developers are just giving false hope, while other also saying that it's not working the way we are expected, in the time of writing the average gas price is $7.74(43 gwei) and for me, it was still high compare to BSC, Polygon and other Layer 2 chain.
What do you guys think? drop your fearless opinion below!
What do you guys think? drop your fearless opinion below!
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