What will happen with eth 2.0. releasing? Lower fee?

mumang siat

member

Activity: 498

Merit: 56

Buzz App - Spin wheel, farm rewards

Quote from: tvplus006 on October 18, 2021, 05:10:00 PM

We cannot expect that the number of users on the Ethereum network will decrease, although those who have chosen alternative blockchains for themselves have been waiting for this for a long time. But the project team is quite capable of solving the bandwidth problem, but so far we have not seen this in numerous forks.

that means ethereum is still in great demand by everyone, even though gas costs are so high for now, the project team is quite capable of solving every problem that exists, but it looks like this problem can't be solved in the near future, and I also analyzed what you said, not yet looking at the many branches they have developed during my time following crypto in the last few years, many flaws could not provide a solution for them to solve and it continues to grow to this day.

bayudndy

full member

Activity: 824

Merit: 104

PredX - AI-Powered Prediction Market

Quote from: Williamm07 on October 16, 2021, 04:41:10 AM

Quote from: bayudndy on October 16, 2021, 04:36:16 AM

‍Future mainnet launch to ensure that ETH is scalable. This is crucial to its existence. Otherwise, crypto enthusiasts stop using the Network and move to other networks like Cosmos, Tron, Solana, Polkadot, EOS, etc. And certainly this will happen if the implementation is successful.

Tron? Mehn this is so laughable, why isn't any new project running on Tron TRC20 since 2019? Many projects that gets on Tron smart chain already switched to another, as far as smart contract is concerned Tron fails in that area

Of course, it's not the best case for selection. But what do you mean by part?
TRON is not powerful, but it has certain advantages that we have to admit, I still rate it very well in gambling games.
And your problem is not what I understand, so don't try to say this is a complicated problem.

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: King Raymond on October 17, 2021, 04:45:51 PM

I don't think that will work. High gas fees on the Ethereum network is mostly as a result of too many users.

No, it's totally wrong. Basically, how big the users meant nothing as long as ethereum has big block capacity. This can handle very big TPS like another blockchain which can process hundreds - thousands of transactions in a second. That's differnet with ethereum that can only process up to 20 transaction / second. You can imagine when ethereum has big blocksize capacity and it can handle 1000 transaction persecond.
It will not the fees will be so high like this time and it can stay at the lowest fees.

Quote from: King Raymond on October 17, 2021, 04:45:51 PM

This is gradually turning investors away from the network.

The correct thing should be forcing people to go out from ethereum. I wanna say that it doesn't give big impact to the big users but it was damaging the small users a lot.

Quote from: King Raymond on October 17, 2021, 04:45:51 PM

I don't see any decrease in gas fee happening soon.

It will never happen again.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: King Raymond on October 17, 2021, 04:45:51 PM

I don't think that will work. High gas fees on the Ethereum network is mostly as a result of too many users. This is gradually turning investors away from the network. Till the number of users and transactions on the Ethereum network reduce, I don't see any decrease in gas fee happening soon.

We cannot expect that the number of users on the Ethereum network will decrease, although those who have chosen alternative blockchains for themselves have been waiting for this for a long time. But the project team is quite capable of solving the bandwidth problem, but so far we have not seen this in numerous forks.

tygeade

legendary

Activity: 2086

Merit: 1058

I would say that lower fees are the least important things about the eth 2.0, the most important part is the miners and the constant selling pressure. If we are going to not have miners selling constantly to pay the bills then it is going to be clearly a lot more profitable to hold ethereum even if you do not have 32 eth. There are also stakepools which means that you could have as little as 0.1 ethereum and you are going to make a profit from it.

This is why I believe that there is a good chance ethereum could increase a little before and during the eth 2.0 process but the reality is that we are going to see the bigger increase in the longer term as well. The gas fee will drop a ton as well obvious and there is a good chance that we will not going to have any trouble with these type of gas fee increases ever again and that is the real key here, not the drop but the situation not getting worse again.

Jaered

jr. member

Activity: 840

Merit: 4

I can't tell you how disappointed I was on Vitalik Buterin for all these failed promises. Ethereum 2.0 came and gas prices were still up there. In fact, I daresay it is even higher than before. Ethereum platforms are becoming something else these days. And transactions weren't any faster. Still wondering what they did with the 2.0

mumang siat

member

Activity: 498

Merit: 56

Buzz App - Spin wheel, farm rewards

Quote from: velo1980 on October 16, 2021, 03:43:43 AM

Hi, do you expect big changes after eth 2.0. come, when will that happen?

Great hope for now Ethereum 2.0 is a solution or option from the previous improvement that people want, many changes that must be done to perfect Ethereum 2.0, both systemally and normally high in conducting transactions, but now many changes they have perfected, though not yet The whole success they applied, at least they have perfected slowly and this is what people are waiting for, this year the target has reached 70% of the previous development.

aprilnot

full member

Activity: 1204

Merit: 102

Broadly speaking, in eth 2.0 the block capacity is much larger and it can accommodate more TPS than currently. The new consensus that will be introduced in 2.0 has also caught the attention of many. for some people POS harm decentralization, but not a few also welcome this change. With increasing block capacity, it is predicted to reduce the amount of fees for each transaction. but the question is, when will it be realized. As of right now ethereum 2.0 is still in the testing phase, and haven't found the point that it will be fully released yet.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: King Raymond on October 17, 2021, 04:45:51 PM

I don't think that will work. High gas fees on the Ethereum network is mostly as a result of too many users. This is gradually turning investors away from the network. Till the number of users and transactions on the Ethereum network reduce, I don't see any decrease in gas fee happening soon.

what about binance new smart chain ? they also got a lot of users and it gets bigger because some eth users are transfering to them but fees didnt bloat that much .
i still think that after the full release of eth 2.0 , the fees in eth will back to normal .
the small fees that we used to , back in the early days .

RussianEnglishTranslation

jr. member

Activity: 840

Merit: 6

Quote from: velo1980 on October 16, 2021, 03:43:43 AM

Hi, do you expect big changes after eth 2.0. come, when will that happen?

I expect gradual TPS increases as ETH upgrades step by step but as adoption of blockchains tech grows, Ethereum TPS will still not be enough to keep gas fees low. Sidechains and L2s like Polygon and Aurora/NEAR will do really well and so will the biggest AMM on each of those platforms because people will trade on these sidechains to reduce their fees and increase profits. Quickswap is the biggest AMM on Polygon and Ref Finance is the biggest one on NEAR protocol.

King Raymond

jr. member

Activity: 132

Merit: 4

I don't think that will work. High gas fees on the Ethereum network is mostly as a result of too many users. This is gradually turning investors away from the network. Till the number of users and transactions on the Ethereum network reduce, I don't see any decrease in gas fee happening soon.

RealMalatesta

legendary

Activity: 2380

Merit: 1150

Quote from: velo1980 on October 16, 2021, 03:43:43 AM

Hi, do you expect big changes after eth 2.0. come, when will that happen?

The point here is that ETH is not moving for the trading fees to drop. They are moving down because they believe that the miners are making too much money, this way they could simply just do it on staking and that way you do not have to pay the staking too much to continue and it would still be secure. However it just doesn't mean that it will be cheaper, if people still keep on paying more and more to get ahead and get accepted first, then it will be expensive.

The problem that we have right now is that people are paying too much to be faster and that increases the price and nothing could change that, we need to convince people that they could pay a lot less and still get accepted. What could also help is that we could have a lot more inside one block, if we could have something like SOL for example, that would make it super fast and cheap but the security would be hard to handle, it is too risky.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: gabbie2010 on October 17, 2021, 11:23:29 AM

Quote from: sayam on October 17, 2021, 09:00:38 AM

We all hope that Ethereum 2.0 will actually reduce the gas price significantly. But whether it will be something like that in the real sense is a matter of thought. Whatever I personally hope that Ethereum's gas price will be tolerable after the upgrade.

The anticipated upgrade to Ethereum 2.0 is long over due, Vitalik Buterin and his team of developers should address this scalability issues once and for all, consequently this will reduces the high cost of gas transactions, I believe the team are aware of growing demand for Basic Smart Chain from binance an alternative to ERC20 project, even TRON network is on board, if Ethereum developers don't do the needful promptly they would lose a lot interest from new developers who might divert to other lesser cost of transactions and faster network.

The situation with congested network force the transaction fees to increase a lot, with this update the chance of lowering that fees is very possible, scaling issue will be shouldered as expected by people who are still supporting ERC, like what you have said, there are many migrations that take place because of this problem.

BSC and other chain who cater those new projects are booming as developers needed to migrate to continue surviving, by using
BSC or any chain who offers lower fees investors would likely to join and participate.

Hopefully ETH 2.0 will be the solution to everyone who is still stuck with their assets that stored from ERC chain.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: ?? on ??

...Many forum have discussing about this issues with upgrade eth 2.0 and they most afraid because when success to be 2.0 eth not any space for mining, they have try to sell before it really happen and get good value for mining tools, but still an issues right now because still not any upgrade and almost one year with upgrade issues.

I think there is no need to worry about mining, there are a lot of coins for which you can use the released equipment. But the fact that the Ethereum network should have changed for the better for a long time, providing even greater access to participants by reducing the cost of transactions, is beyond doubt.

dbc23

sr. member

Activity: 1036

Merit: 311

There would be an upgrade because the proof of stake model used in Ethereum2.0 would reduce the energy/power consumption rate experienced in the Proof of work of Ethereum and would also increase the rate of transactions which is enabled through sharding. This shards helps because the more transaction congest the higher the gas fee. All this has been the limitations of Ethereum

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Quote from: sayam on October 17, 2021, 09:00:38 AM

We all hope that Ethereum 2.0 will actually reduce the gas price significantly. But whether it will be something like that in the real sense is a matter of thought. Whatever I personally hope that Ethereum's gas price will be tolerable after the upgrade.

The anticipated upgrade to Ethereum 2.0 is long over due, Vitalik Buterin and his team of developers should address this scalability issues once and for all, consequently this will reduces the high cost of gas transactions, I believe the team are aware of growing demand for Basic Smart Chain from binance an alternative to ERC20 project, even TRON network is on board, if Ethereum developers don't do the needful promptly they would lose a lot interest from new developers who might divert to other lesser cost of transactions and faster network.

bigjuk

full member

Activity: 1088

Merit: 102

Quote from: sayam on October 17, 2021, 09:00:38 AM

We all hope that Ethereum 2.0 will actually reduce the gas price significantly. But whether it will be something like that in the real sense is a matter of thought. Whatever I personally hope that Ethereum's gas price will be tolerable after the upgrade.

Don't dream of getting good things while you yourself put aside a reality that is already in front of your own eyes, because there are many people who expect an increase in the price of Ethereum, but they don't want to analyze the transaction fees on Ethereum, this is really funny buddy, is it in your device do not have a calculator to do multiplication on the cost of Gas transactions ? because if Ethereum is getting more expensive, it's clear that the Gas transaction will be more expensive too, a very simple example is as follows :
let's say the price of a unit of Ethereum is at $4000, and the cost of each transaction is at 0.002 ETH for one transaction with an estimated dollar of $8, do you think that is expensive? if so expensive, why in the past was such a thing considered cheap when the price of a single unit of Ethereum was $150 ? please answer very honestly now.

geegaw

hero member

Activity: 1316

Merit: 502

Quote from: kidbounty on October 17, 2021, 05:53:45 AM

Quote from: velo1980 on October 16, 2021, 03:43:43 AM

Hi, do you expect big changes after eth 2.0. come, when will that happen?

yes, everyone hopes 2.0 will solve the fee problem on the ethereum network. but when this could happen, is still unknown. so far they are only in the testing phase and there is no sign of it being rolled out any time soon. I'm afraid by the time they launch ethereum 2.0, most users have already switched to another platform. and this became my fear for the future. when users switch ethereum it is difficult to find the momentum and may end up enduring the same fate as other less fortunate platforms. forgotten and difficult to return to where it should be.

There have been many people running through other platforms and other platforms are also immediately responsive, even have a few more updates to optimize and synchronize with most new users with the aim of eliminating the name Ethereum and the situation is actually very successful when the market share of ethereum is decreasing quite a lot and is not competitive in terms of cost. However, as a major release, ethereum 2.0 may be slow with the roadmap but a surprise launch could be the fatal blow to the upstarts.

sayam

jr. member

Activity: 1442

Merit: 2

We all hope that Ethereum 2.0 will actually reduce the gas price significantly. But whether it will be something like that in the real sense is a matter of thought. Whatever I personally hope that Ethereum's gas price will be tolerable after the upgrade.

cheezcarls

hero member

Activity: 2282

Merit: 659

Looking for gigs

The exorbitant gas fees or ETH are the real downside of everything which results for many projects to switch to other chains to save fees. Not even the Berlin upgrade is enough. There’s a lot of debate going on here and we are so divided with our opinions regarding ETH 2.0. With the current PoW, the miners are the real winners because of the high fees.

However, it will be a different story when ETH 2.0 is live and running. Although it will save us some fees, but we don’t know where ETH’s price gonna go in the long run.

Topic: What will happen with eth 2.0. releasing? Lower fee? (Read 388 times)