Will 2022 be the year of ETH 2.0? - page 6.

justdimin

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Quote from: leea-1334 on January 19, 2022, 10:45:04 AM

Instead of complaining just do either of two things. Move to another platform to trade,,, and now we have plenty of competitor options according to altcoin people. BSC and Tron and what not. Why not use those to trade? Besides, Defi/DEX use was never for small traders.

OR find a way to use second layer options like Matic/Polygon right?

You could both be complaining about a place but also keep using it anyway. I mean just because ETH could be better and right now too expensive, doesn't mean that I have to accept others being better. I could still think that ETH is better than every other project BUT still worse than it could be. That is the power of ETH, we are talking about something that is both the best but also have a bigger potential than any other project.

I agree with these people as well, ETH 2.0 will make things so much more fun, it will definitely change the whole crypto world. Prices of everything will go up as soon as ETH 2.0 starts and it will keep going up for a while after that as well. Kind of like the bitcoin halving situation.

Fivestar4everMVP

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Not trying to sound negative but I honestly do not think eth 2.0 will be launched this year 2022, I say this because many anticipated the launch to be last year but still, they postponed again for no concrete reason.
I think reason for the delay in launching eth 2.0 is because miners are gaining massive wealth from the high transaction cost which anyone transacting on the Ethereum network has to pay, and launching eth 2.0 now will automatically put an end to this huge inflow of cash, I honestly feel this is why they've refused to launch eth 2.0 ever since it was announced.

laredo7mm

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Quote from: Abiky on January 18, 2022, 10:37:18 AM

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.

The next two stages of the Ether update (the merge and shard chains) will be completed in 2022 and 2023 respectively. After these two upgrades, the ether network will be able to transact at 100,000 per second, and it is hoped that this will solve the traffic problem on the Ether network, resulting in a much lower gas fee for the transaction. Many say the upgrade will bring the Ethereum network's gas charges to zero. As a result, the value of other projects of smart contracts such as ada, bsc, sol, matic, avax will be greatly reduced. Defi platforms basically use the Ethereum network as the primary base. So I think Defi users will be more inclined to use the Ethereum network, which will reduce the competition between Ethereum and other networks.

There is no way we can be so sure this will happen but if everything goes according to plan we can see a similar scenario.

tokeweed

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Quote from: Abiky on January 18, 2022, 10:37:18 AM

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.

I don’t think they have the luxury to delay the fork again. It’s this year or never imho. There are some talks going around that the fork could happen on June but could be delayed until fall. If Ethereum does hard fork on June and it doesn’t implode at itself, I’d say ETH could go up to more than 10k per coin. Easy... Maybe it could go up even more.

And a lot of folks in here don’t believe that a flippening is possible. I have been trying to call it but I’ve been looking like an ass. Lol. But something tells me that won’t be the case in a couple of years.

But then again if it doesn’t happen this year, ETH could lose market share and give way to the next best smart contract platform. What that is we can’t be sure. Right now it’s BNB if based on market cap but I have a feeling Gavin Wood could take over the reins with Polkadot.

leea-1334

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I hope this would be the year of the eth 2.0 upgrade, the txn fee is really hurting the small traders like me and it is really so expensive, the eth 2.0 upgrade will help us a lot because it is said to be the solution of the high gas fee now a days, so I am hoping that soon it will take place on the ethereum network.

Instead of complaining just do either of two things. Move to another platform to trade,,, and now we have plenty of competitor options according to altcoin people. BSC and Tron and what not. Why not use those to trade? Besides, Defi/DEX use was never for small traders.

OR find a way to use second layer options like Matic/Polygon right?

lenovop-70

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In fact, with or without ETH 2.0, its remains the first choice, ETH with ERC20 is like the mother of all popular platforms today, transaction speed is a mainstay for many users. The only complaint from users is the gas fee were too expensive from ETH itself, so in my opinion, with the birth of 2.0 which is predicted to be launched this year, it will not have a significant effect if the nominal gas fee remains high.

Questat

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Quote from: Reatim on January 19, 2022, 02:49:21 AM

is this the same rumor happens in 2020 and 2021? actually even in 2019 so what is the difference from there to what we have now?what I wanna believe is that not unless that 2.0 version of ethereal will finally goes out? I will always try to distance from those rumor .
and also we have been waited for so long so what can we have this year?

I'd never expected much to whatever I've heard from ETH developers, in fact, they never show how much their concern in decreasing fess, they just let to rise. For the 3 years past, we have heard updates but look, there is nothing happening.
I hope that Mr. Vitalik will not just turn his head but rather listen to us. We don't need an upgrade, we just need help the fees to get low, I guess that is very important.

btc_angela

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I guess we have seen the pattern, every upgrade has some sort of positive effect on the price, but it is short term only.

And with the way the price is moving right now, as the whole crypto seems to be on a bearish one, maybe ETH 2.0 upgrade might not have the same effect as other upgrades because the sentiments of the investors are turning into a negative one.

Yaunfitda

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Well their upgrade seems to be always delay and that what makes it somewhat disappointed to their investors. And then we still have the huge fees, so another minus for them.

And if ever they will have the Eth2.0 this year and then we went into a bear market, for sure the price will really be affected. So it's up to them to release it this year or delay it again until the market is improving or at least improved.

Jose Mourinho

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I have heard of ETH 0.2 since 2020 but until now the improvement has not been realized, and is it possible that ETH 0.2 will only be a rumor in 2022?, because until now I have not seen any news about the launch of the program, but I think that without ETH 0.2 the crypto market will continue to improve and there will be stiff competition between each coin because before the correction occurred many altcoins were experiencing significant growth,

takngantuk

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Quote from: bitkanu on January 18, 2022, 01:04:49 PM

Quote from: Abiky on January 18, 2022, 10:37:18 AM

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.

All of results from the upgrade still remain a speculation but im sure that this is not yet tested. Remember the the scalability is not yet fixed and it's still a speculation if ethereum 2.0 will be decreasing the fees a lot.

yes this is just speculation, but one thing is for sure in ethereum 2.0 there will be additional block capacity. this will increase the TPS many times over the current one. for the beginning I'm sure the GAS Fee will not be much different from today, but slowly it will go down by itself. and although this is not a long-term solution for scalability, but for now 2.0 is mandatory for the continuity of ethereum going forward.

24Kt

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Quote from: asriloni on January 19, 2022, 12:58:57 AM

The result by ethereum 2.0 still remain a big question for anyone in here. There's no ETA for ethereum 2.0 to be implemented and what we can do is only waiting for that to come as soon as possible. Merged chain will be happening next months and I'm feeling curious about what will be the result from this thing. 2023 will be the year for ethereum 2.0 and it's not this year. There's no guarantee even when ethereum 2.0 will be fully implemented and this will give a good result to reduce the blockchain fees. This is another shit show from ethereum. I just wanna see how the ethereum developer can deliver their promises coz some past updates didn't give a significant impact to the ethereum blockchain.

No one knows when exactly we will experience the impact of ETH 2.0. But high likely, there will be some improvements this year. Because if they will not release something or will remain to be expensive in terms of gas fees, a lot of these new networks will boost their popularity. And people may start to forget eth and go to these new networks. It is in the interest of the ETH dev team to fast track their progress, because as day goes by, their competitors are growing.

ice18

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Hoping this year, competition is tight, Solana which is far way low gas fees than ethereum its a great alternative. If they did not force eth 2.0 this year many project will use another L1 chains like Sol, I can see many new defi,nft and web3 apps are using solana and counting.

Reatim

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is this the same rumor happens in 2020 and 2021? actually even in 2019 so what is the difference from there to what we have now?what I wanna believe is that not unless that 2.0 version of ethereal will finally goes out? I will always try to distance from those rumor .
and also we have been waited for so long so what can we have this year?

o48o

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It's a bloody mountain of code to accomplish. And it's hard to give any estimates cutting edge tech when you can be facing ton of unseen obstacles. When trillions of dollars are moving trough your protocol it needs to be more then airtight. It needs to be impenetrable.

asriloni

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The result by ethereum 2.0 still remain a big question for anyone in here. There's no ETA for ethereum 2.0 to be implemented and what we can do is only waiting for that to come as soon as possible. Merged chain will be happening next months and I'm feeling curious about what will be the result from this thing. 2023 will be the year for ethereum 2.0 and it's not this year. There's no guarantee even when ethereum 2.0 will be fully implemented and this will give a good result to reduce the blockchain fees. This is another shit show from ethereum. I just wanna see how the ethereum developer can deliver their promises coz some past updates didn't give a significant impact to the ethereum blockchain.

Botnake

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Quote from: pealr12 on January 18, 2022, 02:59:59 PM

Was there really a specific time frame for the release of eth2.0 because all i seem to hear so far is guess from community members, i haven't heard any official statement regarding the exact date and time of the launch, it is sounding more like a myths than reality, probably because i stop looking forward to it and accept that eth gas fee will always be high.

I also think that way. Its already been over a year that we are experiencing the expensive gas fee and yet until now, it's still not addressed. So now i'm already get used to it but i still wish that in the near future, it will somehow be resolve. Because i know the demand for ethereum will definitely increase once there is affordable gas fee that anyone will enjoy and feel convenient about it. Although at the present ethereum is still in a good position but it will be quite better once it is upgraded into ethereum 2.0 and fix the issue.

justdimin

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Quote from: Abiky on January 18, 2022, 10:37:18 AM

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.

I do not think that 2.0 will happen inside this year. However it is never really known, sometimes it barely ever notifies you before it happens. Like I remember that phase 0 period during 2019 December I think? And I didn't know it was about to happen like a month before it happened. So I think if it happens then we will not know about it too far ahead, we will be notified a bit beforehand.

This doesn't mean that 2022 could still happen, but it also means it is not impossible. We have phase 1 that didn't happen just yet, we need to wait for all of that. Let's hope that it happens in 2022 because I am waiting on that as well, but I feel like 2023 is more realistic approach to it.

pealr12

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Was there really a specific time frame for the release of eth2.0 because all i seem to hear so far is guess from community members, i haven't heard any official statement regarding the exact date and time of the launch, it is sounding more like a myths than reality, probably because i stop looking forward to it and accept that eth gas fee will always be high.

bitkanu

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Quote from: Abiky on January 18, 2022, 10:37:18 AM

Do you think 2022 will be the year of ETH 2.0?

I don't think so as per roadmap of ethereum 2.0 if this will be done next year. This year there will be a merged update as per the continuation of previous update. I do believe next year will be the year for ETH 2.0 as all of solutions will be fully implemented. The only problem is this is still an estimation but the real implementation may get delay again.

Quote from: Abiky on January 18, 2022, 10:37:18 AM

If not, why?

Check this out https://ethereum.org/en/eth2/

Quote from: Abiky on January 18, 2022, 10:37:18 AM

What will happen with ETH after the upgrade is successfully implemented?

this clearly stated on ethereum 2.0 website

i will mention it here

Quote from: Abiky on January 18, 2022, 10:37:18 AM

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.

All of results from the upgrade still remain a speculation but im sure that this is not yet tested. Remember the the scalability is not yet fixed and it's still a speculation if ethereum 2.0 will be decreasing the fees a lot.

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