Topic: Will we see the destruction of ETH anytime soon? - page 2. (Read 486 times)
ETH's gas fee was much higher a few days ago. When ETH was not destroyed then how will it happen now? ETH's gas fee is now quite tolerable. ETH is an old and very popular network. I think over time it will regain its slightly tarnished reputation.
Despite the high gas fee rate of Ethereum, it stands out as the best and leads the way as the best blockchain. Ethereum teams should find every means to validate the Ethereum v2 as soon as possible to stabilise her transaction fees.
Yearning to see that happen before the end of this year
Yearning to see that happen before the end of this year
well, even though we think like that, the fact is that currently ethereum is still the best coin after bitcoin in CMC, or CG. there may be very many shortcomings that ethereum has, but until now the need and demand for ethereum is still very large. this makes me think that it won't destroy it. Ethereum fees have been very high for a long time, but until now it still persists.
besides, many people thought that even under these conditions, ethereum was able to hold its place. if everything returns to normal, the price of ethereum will be higher than it is now, and even more popular.
besides, many people thought that even under these conditions, ethereum was able to hold its place. if everything returns to normal, the price of ethereum will be higher than it is now, and even more popular.
Not only ethereum has flaws but it must be said that currently no blockchain is absolutely perfect. ETH is experiencing gas fee problems and this is not new, but most developers of large projects still choose ETH as their top choice over other ETH competitors.
ETH took 5 years to prepare for the POS upgrade, they go slowly and surely so I think the probability of failure is very low. even if they fail this upgrade, I believe ETH is good enough that no altcoin can compete.
the thing with smart contract blockchain, it could be having its technology outdated but you couldn't deny that the platform could just have another trend that could make them relevant again in the future, its just matter of time until we have found another innovation for smart contract based blockchain.
although there is always chance that ETH could be destroyed overtime but that's just the unique characteristic of smart contract blockchain for investment nowadays.
although there is always chance that ETH could be destroyed overtime but that's just the unique characteristic of smart contract blockchain for investment nowadays.
as long as the eth network is still used by the community and is still maintained, I think it's too soon to conclude that eth will be destroyed because sometimes eth still surprises the shipping costs are not always expensive
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High gas fees, reduced popularity of DEFI, rapid decline of TVL on the chain, distrust of ETH2.0, criticism from miners, and restrictions on participants by the POS mechanism. Will the challenges of new technologies and new public chains cause ETH to decline rapidly?
I wonder why @OP seems to doubt ETH's ability to bounce back and gain more support because I see ETH's position is still strong and can hold on to where it is now. But if it's about the price dropping, I think it's not just ETH that's experiencing it but also other coins. And it's only a matter of time for ETH to rally again in the next altcoin season. But for the technology, I think ETH can still compete with other technologies and there is still a possibility to increase further in the future. High gas fees, reduced popularity of DEFI, rapid decline of TVL on the chain, distrust of ETH2.0, criticism from miners, and restrictions on participants by the POS mechanism. Will the challenges of new technologies and new public chains cause ETH to decline rapidly?
Reality is that nothing will happen to the ethereum blockchain, either the chain charges high fees, or extra high fees, or ridiculous fees; it remains the best and strongest network chain in the entire crypto currency ecosystem. The closest to the Ethereum blockchain is the BSC network. Ethereum commands massive adoption, such that even with thise high charges, continue to thrive.
We've seen numerous problems with Ethereum this past few years already especially the very high transaction fees but still, it remains at the 2nd spot in terms of market cap and it seems that nobody comes near to it and the top 3 right now which USDT has 3x lower market cap than Ethereum.
This just shows that there are still many people who are supporting Ethereum even though it has experienced huge problems in the past. I don't see it being destroyed soon just because of these problems. Right now, the search for "Ethereum Killer" is still on and no other projects can do it. Ethereum will stay at the top 2 spot for sure and the developers will just continue to solve their problems.
I did a quick browse in the gas fees of Ethereum on etherscan and it's only a dollar right now and it's much less lower than where it was. There was a time when the gas fees of Ethereum went up as high as 20$.
This just shows that there are still many people who are supporting Ethereum even though it has experienced huge problems in the past. I don't see it being destroyed soon just because of these problems. Right now, the search for "Ethereum Killer" is still on and no other projects can do it. Ethereum will stay at the top 2 spot for sure and the developers will just continue to solve their problems.
I did a quick browse in the gas fees of Ethereum on etherscan and it's only a dollar right now and it's much less lower than where it was. There was a time when the gas fees of Ethereum went up as high as 20$.
High gas fees, reduced popularity of DEFI, rapid decline of TVL on the chain, distrust of ETH2.0, criticism from miners, and restrictions on participants by the POS mechanism. Will the challenges of new technologies and new public chains cause ETH to decline rapidly?
It is difficult for that reason Ethereum is experiencing a decline going forward, the only cases involving mining critics who are dissatisfied with the results, participant restrictions have to be done for some reason, and new technologies and smart chains are things that must be faced in the challenges ahead, this is just a problem small ones that never made Ethereum lose the trust of people, because this coin has reached a very good level of utility under bitcoin, so it's hard for people to ignore them
Which public chain are you referring to? Which other chain has activity as much as ethereum? Bearish sentiment hit all equally, ethereum is no exception. In bull market, everyone becomes blind due to green numbers, in bear we look for faults because red everywhere.
Well, there were many pros and contras when Ethereum team planned to migrate from PoW to PoS indeed.
If i was a ETH miner, i would against those plan because my ASIC miner devices won't be able to mine ETH anymore.
But on the other hand, i think high gas fee issue in Ethereum will be solved if ETH change to PoS.
If i was a ETH miner, i would against those plan because my ASIC miner devices won't be able to mine ETH anymore.
But on the other hand, i think high gas fee issue in Ethereum will be solved if ETH change to PoS.
I don't get it why are you feeling good with it. Ethereum has become the first smartcontract platform that exist in the crypto. people very familiar with it even with a few users and ethereum can still exist in the market. All factors that you have mentioned above were actually correct but have you seen ethereum dead? With so many new smartcontract platforms available in the market and ethereum can still remain at the top 2 of CMC. This proves that the capability of ethereum to compete even with the new platforms that have more improvements that have been learned from the problems that appeared in ethereum.
High gas fees, reduced popularity of DEFI, rapid decline of TVL on the chain, distrust of ETH2.0, criticism from miners, and restrictions on participants by the POS mechanism. Will the challenges of new technologies and new public chains cause ETH to decline rapidly?
It is difficult for that reason Ethereum is experiencing a decline going forward, the only cases involving mining critics who are dissatisfied with the results, participant restrictions have to be done for some reason, and new technologies and smart chains are things that must be faced in the challenges ahead, this is just a problem small ones that never made Ethereum lose the trust of people, because this coin has reached a very good level of utility under bitcoin, so it's hard for people to ignore them
You must not think that just because the scalable platforms are exist and it means if the death for ethereum will come soon. I do believe if ethereum will still remain forever. There will be no platform that can surpass this. I know that people are feeling skepticism about that.
The scalability already become the main problem since a few years ago and developers aware about that. keep calm and just wait until the update will come.
You will be seeing the new ethereum once all of updates will be fully implemented in the blockchain.
The scalability already become the main problem since a few years ago and developers aware about that. keep calm and just wait until the update will come.
You will be seeing the new ethereum once all of updates will be fully implemented in the blockchain.
High gas fees, reduced popularity of DEFI, rapid decline of TVL on the chain, distrust of ETH2.0, criticism from miners, and restrictions on participants by the POS mechanism. Will the challenges of new technologies and new public chains cause ETH to decline rapidly?
I don't exactly get why you said the destruction of ETH. Perhaps, it could be possible if you believe to that things. But for me only time can tell about this matter actually. And what if there are some ETH holders keep this coin for the long term? do you think destruction will come over it? isn't the answer is not of course. Meaning, destruction could only be happen when all ETH holders will give this token, am I right?
your question is less likely to trigger an ethereum problem. what bear season makes you think ethereum is going to die, I don't. it's an altcoin cycle where all there is a bear and bull season that comes every year that not many people don't know will happen, bear season many people are depressed because assets are minus a lot. make a lot of people think negatively about the world of walking bears
The population behind ETH makes developers describe the constraints and future. The density of altcoin transactions is unmatched (other than bitcoin). If Eth has the innovation to pump up some altcoins, it will follow and fly.
if it's broken, I think the chances are slim as long as people are trading (Eth/erc20 network). various def, dex or other exchange websites. as well as non custodial. it is impossible for the whole world to empty their ETH wallets at the same time for several weeks .or more.
if at this time all the obstacles that you complain about are your weighing points to ask for ETH, then all risks can happen. keep using your cold money.
if it's broken, I think the chances are slim as long as people are trading (Eth/erc20 network). various def, dex or other exchange websites. as well as non custodial. it is impossible for the whole world to empty their ETH wallets at the same time for several weeks .or more.
if at this time all the obstacles that you complain about are your weighing points to ask for ETH, then all risks can happen. keep using your cold money.
High gas fees, reduced popularity of DEFI, rapid decline of TVL on the chain, distrust of ETH2.0, criticism from miners, and restrictions on participants by the POS mechanism. Will the challenges of new technologies and new public chains cause ETH to decline rapidly?
We don't know about it yet because the new technology needs to be tested by the interest of investors. The market situation itself is still not good and still waiting for bitcoin to increase, so it looks like ETH can still survive, and there is a possibility that ETH 2.0 can become a new trend in the future. But everything is still unknown and still needs to wait, and in the meantime, we are also still seeing how the market conditions in the future. 
High gas fees, reduced popularity of DEFI, rapid decline of TVL on the chain, distrust of ETH2.0, criticism from miners, and restrictions on participants by the POS mechanism. Will the challenges of new technologies and new public chains cause ETH to decline rapidly?
No, Bitcoin receive that kind of criticism too when Ethereum was introduced and hype but still no one can beat Bitcoin despite all the FUD circulating on it. This same scenarion on Ethereum which a lot of competitors' blockchain is lurking to steal its top spot but Ethereum is still a solid project due to its real decentralized nature so even with the cons that you mention, Many investors still trust this coin due to its well-known brand. The only that will bring down Ethereum is a serious security breach that will cause a loss of funds like what happened to their DAO before but this scenario has a very low chance to occur.
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High gas fees, reduced popularity of DEFI, rapid decline of TVL on the chain, distrust of ETH2.0, criticism from miners, and restrictions on participants by the POS mechanism. Will the challenges of new technologies and new public chains cause ETH to decline rapidly?
Ethereum will not decline rapidly if Bitcoin can increase slowly, because the bigger impact of the decline on Ethereum for now is in the Bitcoin dump, so if Bitcoin can hold up very well and can increase slowly over time, then Ethereum will too. getting better and slowly improving in the market, regardless of what you say even though that has some truth in it, but I think the effect of that kind of thing is still very little for Ethereum at the moment. Jump to: