Will Ethereum 2.0 Pulls Up Ether? | Bitcointalksearch.org

jets567

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Quote from: joelsamuya on October 14, 2019, 03:30:45 AM

Do you think this can be the answer we are looking especially on the question/concern of scalability?

This is one of the main issue that they are trying to solve with the major updates for Ethereum blockchain, many research have made and it seems they have found the solution by integrating a combination of sharding, plasma chain and state channels.

We have seen that Vitalik is continously coordinating with a lot of investors and once we got a confirmation that they made some investment for this up coming Ethereum upgrade then it means they see it as profitable that could pull up the price of Ether.

Nivia1st

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as I know from ethereum 2.0 does not provide a detailed description of the scalability problem. so I'm not sure if there is a big update later this problem can be resolved immediately. people's attention about ethereum 2.0 is focused on the POS consensus, it has been a long time since ethereum will adopt POS. many are excited about this.

Endikadija

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Quote from: ?? on ??

ETH 2.0 is still only just simple talks right now. when it takes place then we will draw some conclusions regarding this cryptocurrency. now everything is very sad

The implementation of ethereum 2.0 is waiting for the result from the next fork that called istanbul, istanbul is also containing some improvements to the ethereum protocol.
It's not only a simple task but the implementation needs the time and you can't judge it.
https://coinrivet.com/ethereum-istanbul-hard-fork/
Read more articles to give more knowledge.

bohr

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Quote from: joelsamuya on October 14, 2019, 03:30:45 AM

Despite the slow growth of the Ether, I remain a strong believer in this digital asset. There are some people who have already disillusioned with this cryptocurrency platform claiming that it is not anymore the way it should be and that the leadership of Vitalik Buterin is not doing enough in the face of many challenges the network has to work on.

Now, the platform will soon be unleashing the Ethereum 2.0 which many expect can finally pull out the whole ecosystem from the block hole it is in. Do you think this can be the answer we are looking especially on the question/concern of scalability?

I do not really see the development of ethereum as a problem, the developers are doing everything they can and they are taking the right path, the issue is the demand of ethereum, years ago ethereum basically had a monopoly and most coins released in the market used the ethereum blockchain but since then many competitors have appeared and when you add the lack of trust investors have in new coins then it is easy to see why the price of ethereum does not seem to recover.

10c

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all that remains for us is to wait. I hold a lot of ethereum in my cold wallet and now my losses are very high. I think that sooner or later Vitalik will be able to solve scalability problems

nanaimogold

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Quote from: TGD on October 14, 2019, 03:35:35 AM

it depends whether the upgraded version will really resolve scalability problem or not. If the new version become successful then there is a high chance that the price will skyrocket since it will make transaction faster and cheaper that will result to mass adoption. there is also FOMO in crypto space so it will really give impact on the price.

I believe so too. The FOMO will be sustainable and hugely dependent on user satisfaction. If it solves no lingering scalability issue facing Ethereum, the community will be disappointed and not too keen to buy in. So it basically depends on Ethereum 2.0 delivering the promised functionality we crave for

XCANA

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I see this upgrade to affect the happenings around the world of cryptocurrency, although the move to have 2.0 will enhance the scalability of the said coins. With the current movement of of the CEO, we should expect more positivity than the other way round. I can see Ethereum raising the entire Altcoins in the market.

ashmodeus

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basically yes, there are changes proof system from work to stake.
but well, that I guess is just kind of "surprise"for eth 2.0,and it won't last long I guess.
because , until now, there still no clear about everything.
plan,system,strategies,who is funding.

CarnagexD

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We do not know yet if the ethereum 2.0 would really success to triggered the price of goes up. I'm still waiting for this big update of Ethereum and as of now the current price of ethereum is at around 180$ to 190$. I wonder after the ethereum 2.0 the price ethereum might get a new record of its all-time high price. I hold ethereum since it hits the price of 1000$ and right now I still hold it so maybe I might sell it after the big update and I really hope that this update might trigger the price to rise up again just like what happened in the year 2017.

desticy

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As practice shows, most often, after updating, the prices of coins of the updated projects, mainly increase. However, it is difficult to say anything for sure.
After all, there is so much speculation on the market that the option of a pump immediately before updating with a subsequent dump or vice versa with an even longer coin pump is not excluded.
As with halving, nothing definite can be said here.

ecnalubma

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Even it will not pull the Ether price on the market this is yet another big news for Ethereum world. Its really good to see that development team are seriously working on solving current issues that the network is facing could also bring improvements, will later on attract new potential investors.

ardentvolcanoes

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Quote from: VDraci on October 14, 2019, 09:33:28 AM

Quote from: joelsamuya on October 14, 2019, 03:30:45 AM

Despite the slow growth of the Ether, I remain a strong believer in this digital asset. There are some people who have already disillusioned with this cryptocurrency platform claiming that it is not anymore the way it should be and that the leadership of Vitalik Buterin is not doing enough in the face of many challenges the network has to work on.

Now, the platform will soon be unleashing the Ethereum 2.0 which many expect can finally pull out the whole ecosystem from the block hole it is in. Do you think this can be the answer we are looking especially on the question/concern of scalability?

Yea many said eth is already at its last life circle but i refuse to believe because i know the project is been backed by good team, they are ready to deliver the best we've never seen yet and the 2.0 will make the eth platform the best one for developers, eth won't make it this far if it has a bad team, lets wait and see what happens

Leaning with what the team will offer is a good thing to do while waiting for this updates. ETH already reached this far and still on top tailing bitcoin in terms of position inside CMC, with adoptions will take place in the near future ETH have a decent system to be ready anytime. Best to be useful with developers and businesses that will start embracing crypto inside their system. We will anticipating more good news to follow with this ETH 2.0,.

DDante

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Quote from: joelsamuya on October 14, 2019, 03:30:45 AM

Despite the slow growth of the Ether, I remain a strong believer in this digital asset. There are some people who have already disillusioned with this cryptocurrency platform claiming that it is not anymore the way it should be and that the leadership of Vitalik Buterin is not doing enough in the face of many challenges the network has to work on.

Now, the platform will soon be unleashing the Ethereum 2.0 which many expect can finally pull out the whole ecosystem from the block hole it is in. Do you think this can be the answer we are looking especially on the question/concern of scalability?

The next ETH upgrade should be able to pull its price up, vitalik has his ways of dealing with this himself so lets all relax, ETH is blessed with hardworking teams that are always ready for any possibilities and one more thing is the next bitcoin halving that i believe will help drive ETH back up in 2020

beerlover

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I don't know how better it will get but I am sure it will be a bit better. What you expect from ethereum is the real question, if you are expecting it to be the number 2 without any question and 5x price of right now without falling back and getting used by everyone, then no that will not happen for sure.

However, if you are expecting it to be better than this and hit 300 and just get a bit more attention by everyone then yeah that will surely happen. Just because it has 2.0 there will be attention, people are like that, when there is a new version of something they take a look at it, they usually like it, they praise it, hell apple made a whole fortune worth a trillion dollars out of the "new version of the same thing" ideology so I am sure ethereum will be fine.

traderethereum

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Maybe it could help ethereum prices increase if everything can run properly.
It seems, Vitalik wants to invite more investors to join with ethereum project.
And if the meeting has good progress, then we might see the price will also increase.
But we have our own assumption and prediction about the increasing of ethereum price, and maybe after the ethereum 2.0 launch, it really helps the price to jump to the higher price.
We could hope that many investors will come to the project and invest in the project.
So we can see what will happen to ethereum in the rest of the month in this year.

comchien

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As for me, I am a very interested person and have invested a little in ETH, I do not care if Ethereum 2.0 is developed to attract the growth value of ETH or not, the crime of concern is a good foundation. even more active and developed despite many storms, anyway, the second ETH coin I care about and notice the most after BTC.

VDraci

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Quote from: joelsamuya on October 14, 2019, 03:30:45 AM

Despite the slow growth of the Ether, I remain a strong believer in this digital asset. There are some people who have already disillusioned with this cryptocurrency platform claiming that it is not anymore the way it should be and that the leadership of Vitalik Buterin is not doing enough in the face of many challenges the network has to work on.

Now, the platform will soon be unleashing the Ethereum 2.0 which many expect can finally pull out the whole ecosystem from the block hole it is in. Do you think this can be the answer we are looking especially on the question/concern of scalability?

Yea many said eth is already at its last life circle but i refuse to believe because i know the project is been backed by good team, they are ready to deliver the best we've never seen yet and the 2.0 will make the eth platform the best one for developers, eth won't make it this far if it has a bad team, lets wait and see what happens

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Quote from: allwelder on October 14, 2019, 07:50:12 AM

Quote from: bassbity on October 14, 2019, 07:19:41 AM

Quote from: allwelder on October 14, 2019, 06:10:29 AM

Vitalik today joined a VC Capital conference held in Beijing,many big money will flow into ETH IMO.
Ethereum 2.0 is another factor to attract new investors.

Every time Vitalik discuss with China big VCs at the bottom of ETH trend,it's good time to buy. Wink

I don't know this news about Vitalik in Beijing, can I tell you the link to the article? I will read in detail again. I want to know what conference they are discussing about Ethereum 2.0, interestingly, there is a big investor who enters Ethereum IMO that you say.

No English news report released now,soon.
https://new.qq.com/omn/20191014/20191014A0MUSH00.html
But many pictures release.
Vitalik meet with Sequoia Capital,Dragonfly Capital,Meituan CEO,Dianping CEO,and so on.

It is a pity that my browser does not have an automatic translation but it is not an important issue I already know from the Vitalik meeting in Beijing, hopefully this will bring Ethereum 2.0 to be stronger. I like this discussion.

cryptoknightt

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Ethereum 2.0 seems to be the only issue that the ethereum platform uses to lure investors to become interested in etehereum and can buy as much ethereum as possible, so you can better use this moment to get a lot of profit.

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Ethereum 2.0 will definitely affect the price of Ether postitvely. The improvement of the underlying technology, and the migration to Proof of Stake consensus from PoW will postitvely affect the environment also as it reduces mining activities which aid global warming.

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In my opinion, there are all good possibilities if Ethereum 2.0 will push up the price of ETH. however, it depends on how the level of efficiency in developing the future so that it can be a good solution.

dfktynby1004

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Today it is useless to talk about this topic. All assumptions can be false. We all hoped that after the adoption of BAKKT a lot can change but today we see that this project is ineffective and it has not made any positive changes. The same fate can befall Ethereum 2.0 but in case of failure it will be a fatal blunder for Vitalik Buterin and his team.

allwelder

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Quote from: rahmatullah9305 on October 14, 2019, 08:11:22 AM

Adding more nodes does not increase network scalability because each node needs to verify each transaction. Increased use of the Ethereum network, including the creation of more Dapps and implementation of more transactions, has led to an increase in the time and cost of ongoing transactions. This makes the Ethereum network slower and less convenient to use.

Adding more nodes to change from PoW to PoS.
ETH 2.0 is mainly about sharding for scalability,so computation/verificaiton work are divided to different nodes at the same time in order to increase speed.

rahmatullah9305

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Adding more nodes does not increase network scalability because each node needs to verify each transaction. Increased use of the Ethereum network, including the creation of more Dapps and implementation of more transactions, has led to an increase in the time and cost of ongoing transactions. This makes the Ethereum network slower and less convenient to use.

allwelder

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Quote from: bassbity on October 14, 2019, 07:19:41 AM

Quote from: allwelder on October 14, 2019, 06:10:29 AM

Vitalik today joined a VC Capital conference held in Beijing,many big money will flow into ETH IMO.
Ethereum 2.0 is another factor to attract new investors.

Every time Vitalik discuss with China big VCs at the bottom of ETH trend,it's good time to buy. Wink

I don't know this news about Vitalik in Beijing, can I tell you the link to the article? I will read in detail again. I want to know what conference they are discussing about Ethereum 2.0, interestingly, there is a big investor who enters Ethereum IMO that you say.

No English news report released now,soon.
https://new.qq.com/omn/20191014/20191014A0MUSH00.html
But many pictures release.
Vitalik meet with Sequoia Capital,Dragonfly Capital,Meituan CEO,Dianping CEO,and so on.

Aabcde

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Does the update later can solve the current problem (scalability) or it has absolutely no effect? If it can be resolved, automatic transactions will be faster and cheaper, of course. Up or down Ethereum value depends on the results of the 2.0 update later. It will be HYPE when the time is come. What is clear is that ethereum has a clear future.

bassbity

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Quote from: allwelder on October 14, 2019, 06:10:29 AM

Vitalik today joined a VC Capital conference held in Beijing,many big money will flow into ETH IMO.
Ethereum 2.0 is another factor to attract new investors.

Every time Vitalik discuss with China big VCs at the bottom of ETH trend,it's good time to buy. Wink

I don't know this news about Vitalik in Beijing, can I tell you the link to the article? I will read in detail again. I want to know what conference they are discussing about Ethereum 2.0, interestingly, there is a big investor who enters Ethereum IMO that you say.

CryptoBry

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Quote from: joelsamuya on October 14, 2019, 03:30:45 AM

Now, the platform will soon be unleashing the Ethereum 2.0 which many expect can finally pull out the whole ecosystem from the block hole it is in. Do you think this can be the answer we are looking especially on the question/concern of scalability?

I have some Ether coins therefore I am biased to say that I am expecting some good growth of the whole Ethereum network with the coming big upgrade. Just like Bitcoin, I am seeing that there can be a building up of the hypes and FOMO for Eth starting January 2020 which can be helping the price of the coin to slowly go up. Above all, the planned Ethereum 2.0 should be effectively bringing in the changes we all want to happen, otherwise the coin will really have a big problem. I have a solid faith and truth that the leadership of Mr. Buterin can be playing a very critical role for the very pivotal phase of this cryptocurrency. With Ethereum, it is 2020 or never!

allwelder

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Vitalik today joined a VC Capital conference held in Beijing,many big money will flow into ETH IMO.
Ethereum 2.0 is another factor to attract new investors.

Every time Vitalik discuss with China big VCs at the bottom of ETH trend,it's good time to buy. Wink

o48o

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Quote from: joelsamuya on October 14, 2019, 03:30:45 AM

Despite the slow growth of the Ether, I remain a strong believer in this digital asset. There are some people who have already disillusioned with this cryptocurrency platform claiming that it is not anymore the way it should be and that the leadership of Vitalik Buterin is not doing enough in the face of many challenges the network has to work on.

Now, the platform will soon be unleashing the Ethereum 2.0 which many expect can finally pull out the whole ecosystem from the block hole it is in. Do you think this can be the answer we are looking especially on the question/concern of scalability?

Vitalik Buterin is not tackling these problems alone, so i think it's strange to claim that he might not do enough about them as a front man of the Ethereum. But i have absolutely no doubt that they can fix the scalability issue because while i've been now following this, the fud against eth 2.0 is just mainly just that - a fud.

NathanJB

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Quote from: Red-Apple on October 14, 2019, 05:39:03 AM

Quote from: joelsamuya on October 14, 2019, 03:30:45 AM

Despite the slow growth of the Ether,

you mean the 2 year decline?

Quote

Now, the platform will soon be unleashing the Ethereum 2.0 which many expect can finally pull out the whole ecosystem from the block hole it is in. Do you think this can be the answer we are looking especially on the question/concern of scalability?

the 2.0 thing is just a buzzword they are putting out in the media so that they could milk it later one with a pump attempt otherwise there is nothing that could save a centralized broken crypto platform like ethereum from its eventual demise.
all they could do is pump it for a little while before the unlimited supply shows itself again and it starts dumping again.

That Ethereum design which makes its supply unlimited could really be a mind-changer for a lot of crypto, even Ethereum, supporters themselves. That goes against the ideal set-up which is being pursued by almost all crypto projects, that they are going to exert efforts to cause a higher demand of a coin with a limited supply. Following an economic principle, if successful, that is going to push the price higher as well. But such efforts might simply go to waste if along with the rising demand is also the rising supply. There is no price improvement in this case.

But make no mistake, Ethereum for me is playing a vital role in the improvement of blockchain and crypto. I hope for a successful Ethereum 2.0.

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In my opinion this would be the last hope for ETH, because the fact that ETH costs below 0.02 BTC is very surprising, but if investors would not push ETH forward, in a few years, the biggest altcoin can simply die off.

Red-Apple

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Quote from: joelsamuya on October 14, 2019, 03:30:45 AM

Despite the slow growth of the Ether,

you mean the 2 year decline?

Quote

Now, the platform will soon be unleashing the Ethereum 2.0 which many expect can finally pull out the whole ecosystem from the block hole it is in. Do you think this can be the answer we are looking especially on the question/concern of scalability?

the 2.0 thing is just a buzzword they are putting out in the media so that they could milk it later one with a pump attempt otherwise there is nothing that could save a centralized broken crypto platform like ethereum from its eventual demise.
all they could do is pump it for a little while before the unlimited supply shows itself again and it starts dumping again.

btc_angela

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It there is a hype on ETH 2.0 then it can pull up the price of ethereum next year. I mean this is the much touted solution to their scaling issues and many eth investors are waiting for this for a long time. However, we will have to see, timing is bad, we are still in the bearish market so I do hope that when they go live we will see some semblance of a bull run. Because if etc created a hype on this release I'm sure most alts will follow as well, so it's going to be interesting in 2020 (plus there is BTC block halving).

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Quote from: Rhaizan on October 14, 2019, 04:04:30 AM

only speculation but no guaranteed it will happen. its only depend to vitalik how they think ETH 2.0 can help the market.

It does not really depend to vitalik but I agree he is a huge factor to be considered. The major factor here is the Ethereum 2.0 itself. If it is a success then surely many people will be hype and by ETH that will cause the price surge.
If the update is garbage then don't expect any price movement right after the release of the new version but I have high hopes to Vitalik work since the beginning.
I'm expecting ETH will reach again 0.1BTC each on this upcoming update.

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Quote from: joelsamuya on October 14, 2019, 03:30:45 AM

~
Do you think this can be the answer we are looking especially on the question/concern of scalability?

It remains to be seen but the upgrade is suppose to answer those scalability question/concern. To be honest, I really want eth 2.0 to succeed.

I remember reading few days ago that Eth developers have no clear plan on the transition from eth 1 to eth 2. It's good that Vitalik immediately addressed those issues.

Quote from: https://blockonomi.com/vitalik-buterin-shows-how-coming-evolution-of-ethereum-might-look

Going on, Buterin said “suppose that phases 0-2 have happened” in the Serenity transition and that “the eth2 chain is stably running.” He explained that during this period the Ethereum 1.0 chain will still be running too, though when the time arrives ETH 2.0 validators will choose a final ETH 1.0 block. That block and everything before it will become a subsystem, i.e. an execution environment (EE), in ETH 2.0.

As such, that means while the original Ethereum chain will “eventually … die off,” the Ethereum 1.0 system will live inside Ethereum 2.0 forever.

DaMut

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This upgrade should solve the scalability issue temporary, they are going to launch Plasma and Raiden on Ethereum 2.0 network. This Plasma is the same as Bitcoin lightening network but it is on ETH network and Raiden is off-chain solution.
those 2 might bring a significant change in ETH transaction speed that could raise its value and address the issue. Do not forget other than scaling, ETH is going to make the transition to PoS which will increase the demand for doing the staking.

Rhaizan

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only speculation but no guaranteed it will happen. its only depend to vitalik how they think ETH 2.0 can help the market.

asriloni

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Yes, I think Some security and scalability updates will have implemented through ethereum 2.0 but I still feel doubt whether there will be a new token and new blockchain that will be running in the future.
Remember the Istanbul update is not the major update but it will bring us even closer to the ethereum 2.0
I thought that this article will tell you a lot about that
https://coinrivet.com/ethereum-istanbul-hard-fork/

What im looking for to see what will be the result of the ethereum POS transition. That will be a very interesting thing to see.

TGD

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it depends whether the upgraded version will really resolve scalability problem or not. If the new version become successful then there is a high chance that the price will skyrocket since it will make transaction faster and cheaper that will result to mass adoption. there is also FOMO in crypto space so it will really give impact on the price.

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Despite the slow growth of the Ether, I remain a strong believer in this digital asset. There are some people who have already disillusioned with this cryptocurrency platform claiming that it is not anymore the way it should be and that the leadership of Vitalik Buterin is not doing enough in the face of many challenges the network has to work on.

Now, the platform will soon be unleashing the Ethereum 2.0 which many expect can finally pull out the whole ecosystem from the block hole it is in. Do you think this can be the answer we are looking especially on the question/concern of scalability?

Topic: Will Ethereum 2.0 Pulls Up Ether? (Read 313 times)