Topic: Will 2022 be the year of ETH 2.0? (Read 782 times)
First of all, I want to understand this. What will happen when ETH 2.0 becomes available? I could not fully grasp what these renewals meant. Could you enlighten me on this, please?
It will not happen "soon", if that is under 6 months for you. It will probably happen in 2023. The problem is that we have seen plenty of projects that promised faster and cheaper transactions and what happened with them? They all got into trouble. SOL tried and failed, Matic tried and failed, many others tried and ended up failing even at a fraction of what ETH is pulling right now.
Not at all times, but just had those problems. Why? Because it can't be done that "easily" as they claim to be. It is not just "hey bigger blocks and more blocks and faster too!! and end up being faster and cheaper while keeping the security. This is why it takes time for ETH to build ETH 2.0 and drop the fee costs.
Not at all times, but just had those problems. Why? Because it can't be done that "easily" as they claim to be. It is not just "hey bigger blocks and more blocks and faster too!! and end up being faster and cheaper while keeping the security. This is why it takes time for ETH to build ETH 2.0 and drop the fee costs.
It must happen soon, otherwise Ethereum will continue to lose users until it's left behind in the dust. People are sick and tired of developers delaying the upgrade for practically no reason at all. I understand security/decentralization must be prioritized, but I think 3-4 years of wait is more than enough to bring something new and fresh to the platform. The constant network delays caused new projects with ETH's same features to emerge. Competing chains are now faster and cheaper to use for "De-Fi", making ETH a thing of the past (even though these chains are less reliable than ETH). People want convenience these days so they'll use the platform that better suits their needs.
As much as I'd want the PoS upgrade to happen on ETH, I don't think there will be a considerable reduction in gas fees within the short term. We're still going to have to wait until further scalability upgrades are implemented to experience a relief in our "pockets". At least, there are Layer-Two scaling solutions on the ETH blockchain. Not many projects support these solutions yet, but they will once gas costs become too high to bear. Who knows what the rest of the year holds for the world's second-largest cryptocurrency by market cap? Just my opinion
Even the distance taken from the past 2 years related to ETH is very valuable in my opinion. It is the best image it has earned, as it rises from $ 200 to $ 4700 and is the most reliable crypto after BTC at the rate of demands in the market. 2.0. I am very hopeful for the version in 2022. I read in a comment for ETH that it will rise to a very close value to BTC, and it is not so difficult to do it. My expectation is the target of 27 thousand dollars.
That's the thing about ETH, we are talking about it like it is altcoin because it is alternative to bitcoin after all. But it has built itself such a huge market that it is what it is all by itself individually at this point. I mean if bitcoin just goes to zero because of some big hack, like someone figures out a way to hack into blockchain and takes down bitcoin, ETH could stay at the very top as well and can keep that position as long as BTC could.I believe that ETH will be following bitcoins path, be 20k next time around, maybe even more, then even reach 100k itself as well. I can say this during a period where even bitcoin haven't reached 100k, not even 70k, because I believe that ETH has the same type of long term profit as BTC possibly has.
No matter how good ETH is, it can't beat BTC, BTC is too big for anyone to beat. Altcoins all depend on the volatility of bitcoin, bitcoin is red, no altcoins are green. I believe that if ETH2.0 succeeds and ETH gas fees drop significantly compared to competitors, ETH will have a new ATH that can target 5k$. There are rumors circulating around the web, that the ETH 2.0 upgrade will finalize this year. It would be a major upgrade on the ETH blockchain, after a long period of delays. The competition became much more intense ever since gas fees increased on the ETH blockchain. If the ETH 2.0 upgrade comes into fruition, then ETH's position on the market will solidify like never before. Depending on the impact, competing chains will experience less demand on the market.
Still, I'm having my doubts if ETH will upgrade to PoS this year due to the delay in ETH's difficulty bomb. How long will it take for mining on the ETH blockchain to come to an end is beyond me.
Do you think 2022 will be the year of ETH 2.0? If not, why? What will happen with ETH after the upgrade is successfully implemented? Will it mark the end of alternative smart contract platforms for good? Will ETH gas fees decline massively after the upgrade? Or will everything else remain the same? Your input will be greatly appreciated. Thanks.
This news is highly expected with this news, hopefully gwei will be cheaper and easily accessible to all prices. They have been experiencing high prices for gwei for a long time. Still, I'm having my doubts if ETH will upgrade to PoS this year due to the delay in ETH's difficulty bomb. How long will it take for mining on the ETH blockchain to come to an end is beyond me.
Do you think 2022 will be the year of ETH 2.0? If not, why? What will happen with ETH after the upgrade is successfully implemented? Will it mark the end of alternative smart contract platforms for good? Will ETH gas fees decline massively after the upgrade? Or will everything else remain the same? Your input will be greatly appreciated. Thanks.
the more people vying for transactions on the ETH network, the more expensive the gas costs because the ethereum network is very busy. a lot of people in the bunch believe that every project born on the ethereum network has a lot of good faith. It's true that the complaints of small people like me have high hopes with normal or small gas costs that the costs will materialize
The long waited ETH 2.0 should come into fulfilment. The high gas fees of eth have put so many projects on standstill not to actualize their goals. Am looking for a day when the eth gas fee will be as it were before(low gas fee) so that projects that are dependent on eth blockchain will soar higher as it is supposed to in no short time.
Where did you get this news from ? because until this moment I haven't found any news related to this and indeed it is something that everyone is waiting for but it hasn't arrived yet and will the cost of gas still affect the price of Ethereum ? if it still has an effect, then ETH 2.0 will also be meaningless because in general for the time being the Gas fee for Ethereum blockchain transactions is still very dependent on the price of Ethereum itself.If the price of eth is high, the gas fee is likely to go higher too, just like what we have now. Eth 2.0 is not a meaningless update because why would it take so long for them to initiate it? so it means that they prepare something big. Lets just hope that it will arrive now this year.
Everyone is talking about 2.0 ETH and there is uncertainty about exactly what will happen. With regeneration, is the expectation over 5k or decay like 0.0000?
for now the transaction gas fee still depends on the price of eth. eth 2.0 is still unheard of so far, but a lot of people are already expecting it to happen soon. no one can say for sure whether it will happen this year or backwards to the next year. but what is clear is that eth is still firmly at the top of altcoins, and that means there are still many investors who believe in it even though gas costs are high, and this is not suitable for transactions in small quantities, of course if that happens, eth will be even more solid as the king of altcoins
It will not happen "soon", if that is under 6 months for you. It will probably happen in 2023. The problem is that we have seen plenty of projects that promised faster and cheaper transactions and what happened with them? They all got into trouble. SOL tried and failed, Matic tried and failed, many others tried and ended up failing even at a fraction of what ETH is pulling right now.Not at all times, but just had those problems. Why? Because it can't be done that "easily" as they claim to be. It is not just "hey bigger blocks and more blocks and faster too!! and end up being faster and cheaper while keeping the security. This is why it takes time for ETH to build ETH 2.0 and drop the fee costs.
The long waited ETH 2.0 should come into fulfilment. The high gas fees of eth have put so many projects on standstill not to actualize their goals. Am looking for a day when the eth gas fee will be as it were before(low gas fee) so that projects that are dependent on eth blockchain will soar higher as it is supposed to in no short time.
Where did you get this news from ? because until this moment I haven't found any news related to this and indeed it is something that everyone is waiting for but it hasn't arrived yet and will the cost of gas still affect the price of Ethereum ? if it still has an effect, then ETH 2.0 will also be meaningless because in general for the time being the Gas fee for Ethereum blockchain transactions is still very dependent on the price of Ethereum itself.
The long waited ETH 2.0 should come into fulfilment. The high gas fees of eth have put so many projects on standstill not to actualize their goals. Am looking for a day when the eth gas fee will be as it were before(low gas fee) so that projects that are dependent on eth blockchain will soar higher as it is supposed to in no short time.
Where did you get this news from ? because until this moment I haven't found any news related to this and indeed it is something that everyone is waiting for but it hasn't arrived yet and will the cost of gas still affect the price of Ethereum ? if it still has an effect, then ETH 2.0 will also be meaningless because in general for the time being the Gas fee for Ethereum blockchain transactions is still very dependent on the price of Ethereum itself. 
The long waited ETH 2.0 should come into fulfilment. The high gas fees of eth have put so many projects on standstill not to actualize their goals. Am looking for a day when the eth gas fee will be as it were before(low gas fee) so that projects that are dependent on eth blockchain will soar higher as it is supposed to in no short time.
Wasn't this term abandoned?
Anyhow, I think that ETH will make significant progress towards being a much better ecosystem and have far less fees this year, regardless of what stage of the roadmap the developers go into. I don't think that ETH2.0 will be fully delivered - that's simply not on the road map.
The NFT hype has pretty much died down and that is a good thing for ETH given that a lot of people were simply in it for the short term dopamine hit. Now, there is a lot more bagholders that are waiting for the updates to roll out patiently. The good thing is that gas prices have gone down drastically as a result of the bearish sentiment.
Anyhow, I think that ETH will make significant progress towards being a much better ecosystem and have far less fees this year, regardless of what stage of the roadmap the developers go into. I don't think that ETH2.0 will be fully delivered - that's simply not on the road map.
The NFT hype has pretty much died down and that is a good thing for ETH given that a lot of people were simply in it for the short term dopamine hit. Now, there is a lot more bagholders that are waiting for the updates to roll out patiently. The good thing is that gas prices have gone down drastically as a result of the bearish sentiment.
With the arrival of the PoS mechanism, Ethereum 1.0's PoW mechanism will go down in history and ETH will soon deflate. I also think we will probably see a hot summer with ETH 2.0 when it is launched. Although current developments are difficult for the market after the war between Russia and Ukraine, I think it will soon be smooth and the market will have a big explosive force.
There are rumors circulating around the web, that the ETH 2.0 upgrade will finalize this year. It would be a major upgrade on the ETH blockchain, after a long period of delays. The competition became much more intense ever since gas fees increased on the ETH blockchain. If the ETH 2.0 upgrade comes into fruition, then ETH's position on the market will solidify like never before. Depending on the impact, competing chains will experience less demand on the market.
Still, I'm having my doubts if ETH will upgrade to PoS this year due to the delay in ETH's difficulty bomb. How long will it take for mining on the ETH blockchain to come to an end is beyond me.
Do you think 2022 will be the year of ETH 2.0? If not, why? What will happen with ETH after the upgrade is successfully implemented? Will it mark the end of alternative smart contract platforms for good? Will ETH gas fees decline massively after the upgrade? Or will everything else remain the same? Your input will be greatly appreciated. Thanks.
Still, I'm having my doubts if ETH will upgrade to PoS this year due to the delay in ETH's difficulty bomb. How long will it take for mining on the ETH blockchain to come to an end is beyond me.
Do you think 2022 will be the year of ETH 2.0? If not, why? What will happen with ETH after the upgrade is successfully implemented? Will it mark the end of alternative smart contract platforms for good? Will ETH gas fees decline massively after the upgrade? Or will everything else remain the same? Your input will be greatly appreciated. Thanks.
Even the distance taken from the past 2 years related to ETH is very valuable in my opinion. It is the best image it has earned, as it rises from $ 200 to $ 4700 and is the most reliable crypto after BTC at the rate of demands in the market. 2.0. I am very hopeful for the version in 2022. I read in a comment for ETH that it will rise to a very close value to BTC, and it is not so difficult to do it. My expectation is the target of 27 thousand dollars.
That price level is still very far for ETH. What we need to see for now is the reduction of gas fees. Other networks are boosting their popularity like SOL, MATIC or BSC because they are taking advantage of the gas fee problem of ETH. Many developers are either switching or creating their projects under these networks because practicality wise, ETH is not good for them. It is also good as crypto users are getting a wide option of network to use. Small traders are now taking advantage of these cheaper networks. But I still have high regards with ETH, and hoping that they will give something to the community this year.
I would like to answer yes to all your questions, but unfortunately it is too early for that.
I think ETH 2.0 will be introduced this year.
If it is introduced without any nasty surprises, then we can expect that #1 position in the cryptocurrency market can be changed shortly.
Smart contracts in my opinion will stay and it is Ethereum 2.0 that will again take over most of the market, but this is still dependent on how much transaction fees will be reduced.
I think ETH 2.0 will be introduced this year.
If it is introduced without any nasty surprises, then we can expect that #1 position in the cryptocurrency market can be changed shortly.
Smart contracts in my opinion will stay and it is Ethereum 2.0 that will again take over most of the market, but this is still dependent on how much transaction fees will be reduced.
It's about time developers roll out the PoS upgrade in order to strengthen ETH's market dominance and bring down the competition. Otherwise, people will continue to flock from the main ETH blockchain until it's left with whales. There are off-chain scaling solutions and sidechains, but not many people are aware of them (especially newbies). The first thing people encounter with is the main ETH blockchain, so if fees remain high on the main chain, newcomers will simply switch to another blockchain network.
As much as I'm against PoS' level of centralization, I think it's the best path for ETH to take in order to remain as scalable as possible for the masses. There needs to be a balance between decentralization and scalability for ETH to achieve its full potential. 2022 has been bearish so far, so we'll see whenever the PoS upgrade will have a positive effect over ETH's price or not. Who knows what the future holds for this exciting cryptocurrency? Just my thoughts
Even the distance taken from the past 2 years related to ETH is very valuable in my opinion. It is the best image it has earned, as it rises from $ 200 to $ 4700 and is the most reliable crypto after BTC at the rate of demands in the market. 2.0. I am very hopeful for the version in 2022. I read in a comment for ETH that it will rise to a very close value to BTC, and it is not so difficult to do it. My expectation is the target of 27 thousand dollars.
That's the thing about ETH, we are talking about it like it is altcoin because it is alternative to bitcoin after all. But it has built itself such a huge market that it is what it is all by itself individually at this point. I mean if bitcoin just goes to zero because of some big hack, like someone figures out a way to hack into blockchain and takes down bitcoin, ETH could stay at the very top as well and can keep that position as long as BTC could.I believe that ETH will be following bitcoins path, be 20k next time around, maybe even more, then even reach 100k itself as well. I can say this during a period where even bitcoin haven't reached 100k, not even 70k, because I believe that ETH has the same type of long term profit as BTC possibly has.
There are rumors circulating around the web, that the ETH 2.0 upgrade will finalize this year. It would be a major upgrade on the ETH blockchain, after a long period of delays. The competition became much more intense ever since gas fees increased on the ETH blockchain. If the ETH 2.0 upgrade comes into fruition, then ETH's position on the market will solidify like never before. Depending on the impact, competing chains will experience less demand on the market.
Still, I'm having my doubts if ETH will upgrade to PoS this year due to the delay in ETH's difficulty bomb. How long will it take for mining on the ETH blockchain to come to an end is beyond me.
Do you think 2022 will be the year of ETH 2.0? If not, why? What will happen with ETH after the upgrade is successfully implemented? Will it mark the end of alternative smart contract platforms for good? Will ETH gas fees decline massively after the upgrade? Or will everything else remain the same? Your input will be greatly appreciated. Thanks.
Still, I'm having my doubts if ETH will upgrade to PoS this year due to the delay in ETH's difficulty bomb. How long will it take for mining on the ETH blockchain to come to an end is beyond me.
Do you think 2022 will be the year of ETH 2.0? If not, why? What will happen with ETH after the upgrade is successfully implemented? Will it mark the end of alternative smart contract platforms for good? Will ETH gas fees decline massively after the upgrade? Or will everything else remain the same? Your input will be greatly appreciated. Thanks.
Even the distance taken from the past 2 years related to ETH is very valuable in my opinion. It is the best image it has earned, as it rises from $ 200 to $ 4700 and is the most reliable crypto after BTC at the rate of demands in the market. 2.0. I am very hopeful for the version in 2022. I read in a comment for ETH that it will rise to a very close value to BTC, and it is not so difficult to do it. My expectation is the target of 27 thousand dollars.
True. I also believe that Ethereum is grossly under priced when we look at its strong use case from creation of smart contract to NFTs and Metaverse. Most of the people working in DEFI sector blame it to be slow and expensive but most of Industry experts believe that launching of ETH 2.0 will resolve all these issue but until that happens we have the option to use layer 2 solutions, like MATIC, Arbitreum and optimuism.
There are rumors circulating around the web, that the ETH 2.0 upgrade will finalize this year. It would be a major upgrade on the ETH blockchain, after a long period of delays. The competition became much more intense ever since gas fees increased on the ETH blockchain. If the ETH 2.0 upgrade comes into fruition, then ETH's position on the market will solidify like never before. Depending on the impact, competing chains will experience less demand on the market.
Still, I'm having my doubts if ETH will upgrade to PoS this year due to the delay in ETH's difficulty bomb. How long will it take for mining on the ETH blockchain to come to an end is beyond me.
Do you think 2022 will be the year of ETH 2.0? If not, why? What will happen with ETH after the upgrade is successfully implemented? Will it mark the end of alternative smart contract platforms for good? Will ETH gas fees decline massively after the upgrade? Or will everything else remain the same? Your input will be greatly appreciated. Thanks.
Still, I'm having my doubts if ETH will upgrade to PoS this year due to the delay in ETH's difficulty bomb. How long will it take for mining on the ETH blockchain to come to an end is beyond me.
Do you think 2022 will be the year of ETH 2.0? If not, why? What will happen with ETH after the upgrade is successfully implemented? Will it mark the end of alternative smart contract platforms for good? Will ETH gas fees decline massively after the upgrade? Or will everything else remain the same? Your input will be greatly appreciated. Thanks.
Even the distance taken from the past 2 years related to ETH is very valuable in my opinion. It is the best image it has earned, as it rises from $ 200 to $ 4700 and is the most reliable crypto after BTC at the rate of demands in the market. 2.0. I am very hopeful for the version in 2022. I read in a comment for ETH that it will rise to a very close value to BTC, and it is not so difficult to do it. My expectation is the target of 27 thousand dollars.
Eth 2.0 upgrade has not reduce gas fee and no effect on price. the looks of things today abs in my view; , Russia/Ukraine, inflation looming, gas prices rising, universal and overall fear and lack of economic confidence globally…I would bet that ETH will drop even more this month before it sees 4K again. It may sniff the toes of 3k but with inflation rate hikes announced in coming weeks I think there are two many punches being thrown rite now. I’m taking cover and hoarding some schillings for when it drops a little more. I like it at 2500 or lower. I suggest you make a plan and dollar cost average on the way down.
Do you think 2022 will be the year of ETH 2.0? If not, why? What will happen with ETH after the upgrade is successfully implemented? Will it mark the end of alternative smart contract platforms for good? Will ETH gas fees decline massively after the upgrade? Or will everything else remain the same? Your input will be greatly appreciated. Thanks.
I would like to answer yes to all your questions, but unfortunately it is too early for that.
I think ETH 2.0 will be introduced this year.
If it is introduced without any nasty surprises, then we can expect that #1 position in the cryptocurrency market can be changed shortly.
Smart contracts in my opinion will stay and it is Ethereum 2.0 that will again take over most of the market, but this is still dependent on how much transaction fees will be reduced.
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