Topic: Will 2022 be the year of ETH 2.0? - page 5. (Read 855 times)

I hope so. Otherwise, people will continue to lose interest in ETH until it goes all the way down the drain. Considering that we're still in a bear market, the release of ETH 2.0 will have little to no impact over Ethereum's price. Fees will decline, but only within the short term as network capacity stays at its All-time-high. For gas fees to remain low forever, developers need to constantly scale the Blockchain to meet users' needs. L2 (off-chain) and Sharding scaling solutions are ETH's only hope to remain as scalable as possible without compromising decentralization. Competing chains like Solana and BNB may be much more faster and cheaper to use than ETH itself, but their security/reliability is extremely weak (especially Solana).

I'd prefer to pay a high fee on ETH knowing that my transaction will go through, than paying a low fee on another chain with the risk of losing it all due to a network disruption or hack. People often prefer convenience on top of security/reliability/decentralization, so they wouldn't care more or less about this. There isn't an exact date for the launch of ETH 2.0, so this opens up the possibility for developers to continue delaying the upgrade to meet their needs. At least, we're not stuck on a single chain. Just my opinion

I'm tired of waiting so i care nothing about this 2.0 anymore, there have been so much promises from the team but fails to deliver this for more than 3 years now.
so either this happens or not this year i don't really care and will wait what will happens in the future.

It is inevitable that every year there are a lot of speculations circulating around and as much as we wanted to see a fruitful year for a certain crypto like eth but then sometimes or most of the times speculations and rumors didn't come true in a very timely manner. Crypto is so volatile that we can't predict which crypto will most likely going to be the top performing crypto this year. And yeah I do also hope for a lower gas fee of eth instead.

I stop relying on that rumors as it was a failure, this nothing could help ETH to lower the fees which all of us wanted to see. If that could give us the assurance, might it change our mind but until it wasn't yet launch, that still makes no sense. If Vitalik knows the situation he probably settles the issue but feels it was not, he does several upgrades but sees no effect on the gas fee, it is still high and not really acceptable. This is what we need for, and I hope he could find a way to help it...

I think that it will be.

The ETH team knows that the community will be waiting for the merge, and if it continues to delay the launch of 2.0 then people will become skeptical and potentially pull out of ETH as time goes on.

Whether or not it delivers the promise of much lower fees is yet to be seen, though. I personally think that it will, but it will never lower fees to the point where retail investors can make transactions without thinking about gas.

The real deal is not just staking, it is not even gas fee situation neither because there is no guarantee gas fees will be lower. You know what is the real deal? It is the fact that miners will not be forced to sell ETH to pay their bills. That's literally all I care about right now, it is the fact that miners have been selling ETH for a long time now and I am really super excited about this, if miners do not get those ETH that they sell, and that stays right now then I would guess that ETH will make a great profit and will go up.

Compared to miners selling their ETH to pay their bills, we will have people who stake ETH and keep it to earn even more with staking. It is going to be awesome and price will go up insanely high.

The users are tired of paying higher transaction fees for over a year and people are really tired and pushing the projects to move to other chains and the projects are also moving to other chains so that they could retain the community members and that is not that great for ETH in the long run. The only reason the price rallied in ETH is because majority wanted to stake the coins and earn money because of their consensus change and whether these moves will end up in a disaster is yet to be seen  .
 

I hope that rumors will came true because its been a long time and small users like me are still suffering to use eth on many cases. Before I like using eth to gamble and to trade but ever since the gas price went up I just cant do the things I love anymore.

I would also like to try minting nfts under the eth network if ever eth 2.0 is successful and fees subsided but by the way have you guys heard pulsechain? It said to be the fork of the eth network if I am not mistaken, I think this event could contribute well in the ETH as many people will accumulate more eth and erc20's to get as much airdrop. I do not see that alternative networks networks next to eth are threatening but in fact they are helpful to lessen the pressure on the network, I do not expect them to end for good even if eth goes back to normal.

it couldn't definitely be the year of ETH 2.0 although I just don't really want to sweat over ETH 2.0 because simply it could just be disappointing in the future. So many delay has come and this is making so many people being forced to pay the fees to trade in the network and that's totally not fair compared how big revenue that earned by ethereum miners.

There are quite many layer 2 solution for ETH already even if their ETH 2.0 could solve the problems that we are currently facing that is the high gas price we could simply
just convert the ERC-20 back in ETH because most of them that existed in multiple chain usually have bridging feature that could allows us avoids the gas of ETH while also still using ETH in the future or having any plan of using ETH again in the future.

Even if it comes next year and i will not even believe it. It may be done with no ETA.

hoping this will finally be mate, i have been looking for this opportunity to make my Ethereum climb as high to the top , i mean for many years ? ethereum had been pending this release and now this following year would be the final?

damn i  cant wait for this to happen and cannot wait to see my funds growing as high as how Ethereum supporters to be.

The main issue is this is as yet an assessment yet the genuine execution might get delay once more. In spite of the fact that at the present Ethereum is as yet in a decent position yet it will be very better whenever it is overhauled into Ethereum 2.0 and fix the issue.

We’re all tired to pay huge fees with ETH, so better for them to work on this update and release it this year because there’s a lot of threat now with ETH and if they can’t solve this problem I’m sure other blockchain will take over and ETH might drop its price most probably. This update is long overdue already, hoping for the devs to expedite this update.

They are not "stalling", they are failing . I know that doesn't really make sense when you consider ETH is a big deal, but the reality is that they are not good enough at all to do something like this. I know that I am being a little harsh on them, but that is just the facts. Give the founders of SOL the power to change the code over at ETH and we will have 2.0 in a year, and I mean literally inside 1 year of them starting, which ETH founders already went well beyond.

Unfortunately, eth developers leave it as it is knowingly because the more it costs the more you buy eth and spend it, and that is what they want, "utility" for eth is buying it and spending for gas, that is what they are hoping ETH to be used for, and that is why they do not do 2.0 for the time being.

to be honest, I'm already tired of waiting for ETH 2.0 and I'm not sure that everything planned by the developers will come true until the end of the year, there are analogues with whom I have already made friends and so far I don't want to change anything, I spent a lot on gas fees in the ETH network last year, I even had a certain dislike for this blockchain.

^  True that.  I’ve been dabbling around the new stuff lately and was interested in staking some token but was very surprised to see how high the fees are.  So I wait...  And I was again more surprised with how higher the fees are at this moment when I checked.

I mean jfc, check this out.  Lmao.




If that’s the case then it’s prolly good for VB to develop their own L2 or at least have an exisiting L2 backed by his team with finances and development.  ETH L1 is getting ridiculous.

But I think ETH 2.0 is shipping this year.  Again if it doesn’t implode, 10k min easy and it could even go as high as 30k.  IMHO.

People are sick and tired of ETH developers stalling around with the PoS upgrade. It's no wonder why investors are pouring money heavily on other chains like Solana and BNB. I just hope the upgrade doesn't get delayed by 2023, because that would mean reduced market share/dominance for ETH in the short term. If the world's second-largest cryptocurrency by market cap wants to beat the competition, it's going to need to scale as soon as possible. Otherwise, it won't get that far in terms of mainstream adoption.

As of today, it's utterly expensive to conduct transactions on the ETH blockchain. Using dApps like Uniswap and Compound.Finance is even worse, as fees are higher due to such dApps' computation requirements. The more complex a smart contract is, the more gas fees it will "suck" from your wallet. Some would say there are Layer-Two scalability solutions which remedy the high gas fee issue on Ethereum, but the reality is that not many dApps are using them. The real "action" happens on the main chain, so people are forced to pay a high fee or be left out of the game. Fingers crossed ETH 2.0 becomes a reality by 2022, as ever-rising fees force developers to take action as soon as possible. Just my opinion

Well as I said, you can still use it but on second layer options. For sure ETH can be better and anyway it has always continued to improve,,, but we as users have no power (or rather we would rather not have involvement to have a voice) so we either stick with it patiently or vote with our choice by moving elsewhere.

Also I agree ETH 2.0 will reflect Bitcoin halving. We just need to be patient!

High gas costs make the Ethereum network even more abandoned, crypto users prefer the Smartchain network or other cheaper platforms over the Ethereum platform. Eth 2.0 is expected to solve the problem, to attract former Ethereum platform users who have fallen in love with other platform, they must dare to do something new consistently, such as the cost of gas which is much cheaper than other platforms or a system of safety and comfort for its users.

That is still a mystery as the team is still working on the upgrade and even they have the estimation about that, and it will need time to wait and see what will happen to ETH 2.0. It can be successfully implemented or get more delays after that, but we know the project is on its way to achieving that. But I do not think that is the end of the smart contract platforms as we see that right now, many projects are using the smart contract and from the beginning until now, it was already growing fast without stopping.

Maybe the ETH gas fees will not decline massively but could decrease slowly by slow until reaching a normal fee. Once implemented, maybe that will change the ETH to a new form.

And for this year, what will be a hot topic to be raised in the crypto space ? because in the last year there are three trends that are very often talked about such as the meme trend, the NFT trend and now the Metaverse, so are those three things going to be good this year too ?