What will happen with eth 2.0. releasing? Lower fee? - page 3.

Jackl87

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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 guess almost everyone is hoping and expecting that the Ethereum Fees will drastically go down once the full transition from PoW to PoS is finally done and working and this really needs to happen in my opinion otherwise the Ethereum network is not really usable anymore for normal people and small traders. If you have to pay 10$ of fees just to send 20$ worth of ETH to someone else or to pay something then it is just not working for the everyday needs. The same is true for swaps on uniswap of course, if you have to pay 50 $ for a swap than you need to trade 500 $ worth of tokens or more or you would have to pay more than 10% fees which is insane.

Findingnemo

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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?

We can expect huge changes in the transaction speed so the transaction cost will reduce a lot but eth2.0 still requires time atleast couple of years from now. You can also become a validator so can make money from the transactions for that all you need is ethereum.

20kevin20

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I feel like the more the 2.0 release is getting closer, the higher the fees are and so the more unusable the chain becomes. For now, it feels like a kamikaze imo.

There might be a big change, but I doubt the security will stay the same and I also doubt there are no big sacrifices to make. Unfortunately, it's probably privacy, decentralization and security that will be at stake. PoW to PoS is already a big red flag for me.

WalkerIVIV

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

Hi, do you expect big changes after eth 2.0. come,

I do but i will not expect something big will come. Iceage already delayed and blocksize was still the same without any change. London hardfork gave only burn mechanism but it didn't even solve the main problem of ethereu,.

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

when will that happen?

Im sure that none know about that. The upgrade will be done through EIP and this EIP will be published to make sure public will know what improvement protocol that will come soon. You can't argue if it will give a big change but you must wait until the new EIP will be published and it may tell you a clue about upgrade that will happen in ethereum.

rudolfaxl

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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?

ETH 2.0 network i have heard a lot of people talking about this to be able to release the pretty high gas fees nowadays, but still can't believe the gas fee will be low because we don't know if it's the mainnet or just is a separate network to replace this it is difficult because the old networks we will still have to perform and the fees will continue to increase because the old network and the new network do not exist at the same time, it is two parallel blockchain networks.

Williamm07

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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

MCcryptonia

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Quote from: tyz on October 16, 2021, 04:02:37 AM

I don't believe in lower fees for ETH. The Berlin-upgrade was supposed to result in lower fees, but this has not happened. In fact, the upgrade is currently burning more ETH than new ones are being mined, so we have deflation at the moment. The price is positively supported by this, but the fees also cost significantly more when converted into fiat.
Don't get me wrong, I would like to see significantly lower fees, but I don't see it being realistic.

Imagine what will happen if the deflation keeps going on and ETH switch to proof of stake? ETH will lose its ground if proof of work is lost in the system, the reason why ETH has been adopters favourite since launch is because of the mining part, ETH will be less interesting without PoW

bayudndy

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‍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.

tyz

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I don't believe in lower fees for ETH. The Berlin-upgrade was supposed to result in lower fees, but this has not happened. In fact, the upgrade is currently burning more ETH than new ones are being mined, so we have deflation at the moment. The price is positively supported by this, but the fees also cost significantly more when converted into fiat.
Don't get me wrong, I would like to see significantly lower fees, but I don't see it being realistic.

Zotak337

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I know many aren't prepared to see this but ETH will suffer if 2.0 gets here without PoW algorithm, I hope vitalik buterin makes a good decision, yea they plan to put aside pOW for PoS algorithm but I'm sure many new problems will come up and that will hurt the project

velo1980

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

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