Topic: What do you think about the recent Ethereum upgrade? Is it good or bad? (Read 228 times)
August 16, 2021, 06:33:18 AM
I think ethurm not bad is this true Now ethereum have a more price so invest in this situation may b risky if want to hold ethereum for future buy in dip with parts statergy then we can get a great benefit from ethereum in future
August 16, 2021, 01:18:11 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!
And who told you that after the London hard fork, commissions will decrease. The more demand on the Ethereum network for transactions, the higher the base commission that is burned.What do you guys think? drop your fearless opinion below!
The rest, referred to as Tips for Miners, can drive up the cost of transactions during times of demand.
The London hard fork is just the first stepping stone to scalability, not a cheap commission solution.
Sharding is still a long way off.
August 16, 2021, 12:24:49 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!
So far it really looks like the last Eth Update did really have no impact at all on the transaction fees. A few hours ago we even saw gas prices of over 1000 gwei. We did not see such high numbers for at least a few weeks now if i remember correctly. So in that regard i am really disappointed with the last eth upgrade. I also want to say though that, this was only one Update on the way to Eth 2.0 and therefore hopefully low transaction fees. So i still feel pretty comfortable, that we see low transaction fees pretty soon.
August 16, 2021, 12:13:24 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 $7.74(43 gwei) and for me, it was still high compare to BSC, Polygon and other Layer 2 chain.
What do you guys think? drop your fearless opinion below!
What do you guys think? drop your fearless opinion below!
I also find 8$ for a transaction to be a very high price. As on polygon I pay less than 1 cent, so I can make many transactions a day and don’t care that my profit may not compensate expenses on transactions. People with small capitals can’t use Ethereum so we run to other blockchains like Binance Smart Chain and Polygon. Nevertheless, I do hope that Ethereum 2.0. will change something.
August 15, 2021, 06:39:33 PM
Ethereum's new upgrade seems worthless to me. Because a few days ago ETH transaction fee was 5 gwei. But now it is not going down below 40 gwei. Where the transaction fee of BSC network is 0.04 usd which is much less than ETH. So we want to see that the ETH transaction fee has come down, not the promise.
There are lots of activities in ethereum network and that was also contributing a lot to the increase of ethereum fees. There are a lot of factors that were making it to happen. It's not only caused by the update. You must also see the traffic in the network. As per the price increases that happens with ethereum and this is also making people to actively using this protocol again.
August 15, 2021, 06:11:06 PM
I think most of us here as ordinary Eth users are also disappointed with the result, even sending Eth now has become expensive, unlike before that only those ERC20 token has that problem but today sending Eth will cost you more than $5-7 dollars in average depending on the amount and value of Eth that you send, IMO, this is crazy unsustainable Eth become worst, I'm sure it will bring negative effect on Ethereum if the problem will not address properly.
My opinion is the London upgrade has not solved the expensive fee problem instead they make it more worst because after the upgrade sending Eth has also become expensive unlike before.
as a small player the gas fee really tortures me even 1 year I can count how many times I use erc20 for transactions. This is since the fee very high. For big players it may not too much of a problem because it is covered by their profit. But that doesn't mean the upgrade at this time isn't good, it's just that what people want has not been resolved My opinion is the London upgrade has not solved the expensive fee problem instead they make it more worst because after the upgrade sending Eth has also become expensive unlike before.
August 15, 2021, 06:04:10 PM
Isn't this a good thing?
Moreover, there was a price increase after the upgrade.
So the Ethereum price also soared and at this time still survived at a pretty good rate.
This might be one reason that the increase in the ethereum is arguably because of these factors.
Moreover, there was a price increase after the upgrade.
So the Ethereum price also soared and at this time still survived at a pretty good rate.
This might be one reason that the increase in the ethereum is arguably because of these factors.
August 15, 2021, 05:55:23 PM
I think it's a good update, every update is for the betterment of the project not the opposite maybe there's some negative impact but most likely it's for resolving previous issues that it has from before, for me I think the recent upgrade of the Ethereum is good and well it pumps so it's really a good investment too.
That's a wrong way of thinking about software development. It's not every update that has a positive effect on the systems these updates are implemented on. It just depends on the updates. Some might break the system, make just minor enhancements here and there, etc. That's what I think about the London hard fork. It just brought changes and it's not too noticeable especially for smaller users.
The ETH market right now is saying the answer and it's fully positive to say that their upgrade was successful and it pushed another increase in the price of ETH these recent days. But their problem still exists about their gas price because their competitor already fixed this problem a long time ago. If you look at Kardia chain and BSC, they don't increase up to that high gas fees as we see in the Ethereum network.
It's not about the price. ETH has been ultra bullish before and after the hard fork.
August 15, 2021, 05:45:40 PM
The recent upgrade obviously showed a good outcome as the price of Ethereum gets back to $3k once again. As the hard fork takes place, it can be seen that there has been a significant change on ETHs price. Even though it does not make so much difference for those who have been investing on Ethereum for a long time, the impact of the burning exhibited a positive effect towards the coin. Ethereum is one of the altcoins that has the potential of surviving in the future as a successful crypto so we should pay attention on it right now while the price is still not that high.
To soon to judge the price because the price will increase because of the new hype from a update. In a couple of months we will be in a better place to look if it was positive or not for the price. 
August 15, 2021, 05:16:18 PM
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!
And who told you that after the London hard fork, commissions will decrease. The more demand on the Ethereum network for transactions, the higher the base commission that is burned.What do you guys think? drop your fearless opinion below!
The rest, referred to as Tips for Miners, can drive up the cost of transactions during times of demand.
The London hard fork is just the first stepping stone to scalability, not a cheap commission solution.
Sharding is still a long way off.
August 15, 2021, 05:06:16 PM
The ETH market right now is saying the answer and it's fully positive to say that their upgrade was successful and it pushed another increase in the price of ETH these recent days. But their problem still exists about their gas price because their competitor already fixed this problem a long time ago. If you look at Kardia chain and BSC, they don't increase up to that high gas fees as we see in the Ethereum network.
August 15, 2021, 04:15:28 PM
I got a message from my friend, if I have Ethereum then I am told to hold it until October. There will be a big project about Ethereum in that month, I don't know myself because there is no explanation.
But seeing this very positive increase in the price of Ethereum, I believe Ethereum will surprise us at the end of this year.
This is a very good Ethereum upgrade, feel free to add to your Ethereum portfolio. Do not hesitate. !
Just hold Ethereum if you two think that there's going to happen something big from it. Ethereum is no question to be one of the best crypto that we have in the market and it's performing well. And you can hold that even October passes because there will be more updates to happen for it. But seeing this very positive increase in the price of Ethereum, I believe Ethereum will surprise us at the end of this year.
This is a very good Ethereum upgrade, feel free to add to your Ethereum portfolio. Do not hesitate. !
You'll never know what's going to happen for the upcoming months but it seems that we're going to have some pumps due to the London hard fork which burns transaction fees.
August 14, 2021, 11:53:38 AM
I got a message from my friend, if I have Ethereum then I am told to hold it until October. There will be a big project about Ethereum in that month, I don't know myself because there is no explanation.
But seeing this very positive increase in the price of Ethereum, I believe Ethereum will surprise us at the end of this year.
This is a very good Ethereum upgrade, feel free to add to your Ethereum portfolio. Do not hesitate. !
But seeing this very positive increase in the price of Ethereum, I believe Ethereum will surprise us at the end of this year.
This is a very good Ethereum upgrade, feel free to add to your Ethereum portfolio. Do not hesitate. !
August 14, 2021, 11:48:42 AM
The recent upgrade obviously showed a good outcome as the price of Ethereum gets back to $3k once again. As the hard fork takes place, it can be seen that there has been a significant change on ETHs price. Even though it does not make so much difference for those who have been investing on Ethereum for a long time, the impact of the burning exhibited a positive effect towards the coin. Ethereum is one of the altcoins that has the potential of surviving in the future as a successful crypto so we should pay attention on it right now while the price is still not that high.
August 14, 2021, 11:02:20 AM
It was giving a very good update https://twitter.com/ethburnbot You can see from this tweet if the ethereum was doing hourly burn. that was a lot of money that being burned. As per the fees goes even higher and then it will make more ethereum to be burned. This is also helping ethereum to prevent its inflation for sure.
Ethereum was getting a very good update from this.
Ethereum was getting a very good update from this.
August 14, 2021, 10:52:15 AM
If you are talking about the value of Ethereum then it good so far because after the London upgrade the value increase. While, if you talk about the transaction fee, it is bad because nothing has change still you need to suffer for a high transaction everytime you need to send Ethereum which sometimes a little bit annoying.
August 14, 2021, 09:29:12 AM
I think most of us here as ordinary Eth users are also disappointed with the result, even sending Eth now has become expensive, unlike before that only those ERC20 token has that problem but today sending Eth will cost you more than $5-7 dollars in average depending on the amount and value of Eth that you send, IMO, this is crazy unsustainable Eth become worst, I'm sure it will bring negative effect on Ethereum if the problem will not address properly.
My opinion is the London upgrade has not solved the expensive fee problem instead they make it more worst because after the upgrade sending Eth has also become expensive unlike before.
My opinion is the London upgrade has not solved the expensive fee problem instead they make it more worst because after the upgrade sending Eth has also become expensive unlike before.
August 14, 2021, 03:50:12 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!
The fear of eth 2.0 shifting towards POS is regulation. But I also don't believe ethereum will be supervised by the SEC as many American companies trade ethereum futures. Hopefully the change to eth 2.0 will make transactions as cheap as BSC
August 14, 2021, 03:29:51 AM
If there is still a high transaction cost even though Ethereum has been upgraded, then what people say related to Binance will be many projects that will use Binance Smart Chain, the more powerful. Or is it now Ethereum is doing something we don't know.
August 14, 2021, 03:06:00 AM
If the gas fees are still high, then I would consider the London Fork a failed iterations of the Ethereum.
I agree with what the majority is saying, it is the much touted solution to the high gas fees and everyone was rejoining. But the reality is that it didn't affect that much, it only makes it worst. Of course Ethereum bagholders and investors are happy that the price goes above $3k, but in the long run it might be bad as it didn't deliver what it promised many months ago.
I agree with what the majority is saying, it is the much touted solution to the high gas fees and everyone was rejoining. But the reality is that it didn't affect that much, it only makes it worst. Of course Ethereum bagholders and investors are happy that the price goes above $3k, but in the long run it might be bad as it didn't deliver what it promised many months ago.
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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