Bitcoin Forum

After the successful launch of the critical issue of the ETH2.0 and Spadina testnet which later finalized to be healthy and good to go there seems to be some slowdown in the ETH2.0 project but I am happy to tell you that another phase of the ETH2.0 (deposit contract) was successfully released yesterday.

Note : People are advised to "Check, double-check, triple-check the deposit contract address before sending any funds anywhere 🚀"

Link to the released phase. (https://blog.ethereum.org/2020/11/04/eth2-quick-update-no-19/)

I don't think people need to rush to start depositing into the contract for now since the launch is December, the hype would help Ether price initially but people would later discovered it is no event. I don't see this moving the price the way some people are projecting

I'm really impressed. It's already getting the price move higher and some predictions are coming as regards the price December. I will advice people to watch the deposit since it's still early . Certainly ETH will skyrocket this period with BTC. What now happens to altcoins? Many are going in for it why some are skeptical but let's watch how it goes.

This was a great achievement and made ETH price start moving upwards.  This is the beginning of altcoin rising because we know bitcoin has experienced a high increase, when compared to 2017 now the time for altcoins should have come.  ETH is the right choice to save in the long run.

eth is going nowhere

Nowhere but UP!

This update is a big thing and we are waiting for this one since then, so finally they are moving upward. The price will slowly react on this one, the hype is on-going and for sure it will be a big up trend soon. Don't wait for any cheaper ETH, start buying now well this is just a piece of advice, TAYOR!

This is the problem as people expect too much about the reaction of market regarding this 2.0 ethereum released
without knowing what this really is and what can be perform inside.
they think that this is the long waited time for the another 2018 like pump.

But at least happy to hear that it is finalized in December will be finally release the version 2.0.
This is best timing as the Bull expected to be dropping good also that same month since market now is showing same reaction
as Bitcoin step almost $16,000 value and in just a matter of hours.

Can I hold Etherium for a long time?
Would you please cooperate a little sir

I think otherwise you honestly say that ETH 2.0 is one of the things I have been waiting for very much on it, hopefully that update will solve the problem of network scaling on ETH. And you say we are in no hurry because this creates hype that causes ETH to rise in price, you say it is not wrong the problem is that without upgrades like this we will have a better product to use. So i prefer the hype about ETH 2.0 over complaining, and this is also what makes ETH grow in the near future.

Yes, it will go up. I don't know if he is not expected to see ethereum will rise again. However, I still waiting for the ethereum to increase back, especially if the ethereum developer gives an update about the project. If after this the ethereum price can increase and touch the next new ATH, it will give us a good profit, and we can wait for more to buy back ethereum.

Maybe he is desperate to wait for ethereum price increases, so he losses his believe in ethereum and say that. I think he needs to wait for a while and see what will happen to ethereum.

Yes, you can. But I suggest you sell ethereum if the price increase, especially if the price can touch $400-$500 because the price will adjust to the lower price before it increases again.

what make you think eth would pump? what's in this eth.2 that change significantly that you think would pump eth?

The ETH 2.0 maybe come fully developed in the month of December but still, the entire crypto market is now facing sluggishness. Only the BTC is growing and it is a happy moment only for the BTC investors. But, everybody wants to know that if the ETH 2.0 comes with a full phased project what will be for the ETH that is now and the crypto that is created on this blockchain.

I think it's time for ETH 2.0 to break out of etherium to new positions. Before news like the ETH 2.0 update and the confirmed paypal market entry are showing us that ETH is going up very well, i'm not too confident it's a good time to get in, but I have seen good news. signal from this school. I think from now to the end of the year, we will be certifying more of the unexpected.

33 349 ETH already deposited to the Ethereum 2.0 contract address, but 524 288 more needed until the launch of the mainnet. This is really risky to deposit assets now, but I think the possible profit is quite high too, plus you're making a history by being one of the first Ethereum 2.0 validators.

You can argue all day about developments in the eth2 but the chart says it's going up https://www.coingecko.com/en/coins/ethereum and that's not an opinion. The investors or would be validators are definitely happy that things are moving along and that they can be involved in something they see as profitable. The speculators that are helping the price pump couldn't care less about it. They're just buying the rumors and selling the news.

i'm not going to argue i just want to know what they know. what make people think eth.2 would pump? what's the significant changes?

ETh already announced the release date of 2.0 cersion. Its 1st December. So after BTC bullrun we can see ETH and other alts bullrun. It seems like 2017-2018 years repeat  ::)

https://blog.ethereum.org/2020/11/04/eth2-quick-update-no-19/

 sure but what we have now doesn't look like it happens cause of eth 2.0

So you can think of when you have a chance, miss one, there won't be the robustness of ETH 2.0 here, we know what we need from this update. I have not seen the news that ETH 2.0 causes the price of ETH, so many agree that it is influential but not significant, than the past time the whole school is receiving many good signals.

No harm if the people who deposit already know very well what they are doing. In crypto market no one could predict market, there might be only a minor update to a coin but it could still be pumped and this eth 2.0 is already waited by many since long.
pretty sure that it's gonna bring significant effect to eth market although there's always possibility that's not gonna happen. hoping for the best but expecting the worst.

Agree, and it's not like it's a mandatory thing to do anyway. Let's just wait for ETH 2.0 to be fully functional before we do anything with it. I just hope that they don't really let our expectation down especially that they created this hype in the community.

Though I bet this is also a driving factor why Bitcoin is surging right now.

Today the ETH began its flight. I can't wait for the full launch of Network 2.0 anymore. It will be a breakthrough.

Thanks for reminding mate this may help us Keep safe about the addresses we will be using.And this Update about ethereum 2.0 gives those waiting a chance of having another opportunity as we have been looking for months now.
Closing to take $450 value and yes ETH is beginning to take its way coming to Bitcoin Bump sooner to Hit $16,000 soon.

They are clever, they are making the launch at the right timing when the market is bullish, I can already sense that once bitcoin will continue it's bullish run, ETH would eventually follow to the moon.

Not really because they make a statement about this mid this year as far as I remember and this update is long overdue, so I think the current pump is just a coincidence. Anyway, bull market or not ETH will still pump because this update is not just a simple update, this can be big and many will benefit on this one. If you see the moon is coming, then better to be prepared and ride the trend now.

nope, I believe this is a big event for the crypto market community in late 2020.
actually, this is an event for the "rich". node must have at least 32 ETH ~ 14k $ at the moment. for the upcoming Ethereum 2.0 PoS mechanism, the higher the package pickers, the higher the block processing rate will be. So this is a favorable opportunity for the whole market to buy ETH and receive passive profits.
With the above mechanism, I confidently confirm that ETH will soon return to ATH in 2021.

The traffic in the market today is big and I hope ETH is also working for this one, to minimize the fees and to make transactions a lot faster. The update always bring a good pump on every project so technically, if ETH succeed expect a more expensive ETH and if possible, new ATH will be made. The hype on this update is increasing, plus the effect of the uptrend with bitcoin so I also believe that ETH will make good pump again.

Solving the scalability issue is the main purpose of upgrading the current version of ETH network. There transaction speed per seconds is too low that's why there's a lot of pending transaction on there network considering the volume of transaction per day happening on ETH due to many ERC20 currently built on its network. I don't want to expect more hype on the price because we will not benefit that on the long run. Solving the scalability issue is what I want because it will bring more transaction on ETH that might result to an organic price growth compared on the hype price inflation only.

It's because the bitcoin trend is rising again. and ETH can trigger the price, maybe we can hit new ATH in 2021 when bitcoin on $20k. the announcement also very good btw, more people will back to eth again because the gas fees will be minimizes

People have really waited for long for eth 2.0 and finally it is getting ready to launch. No doubt that the expectations are very high and i am hopeful that the eth developers will not disappoint its huge community and users and mainnet will be a pleasure surprise for everyone of us.

We have been waiting for growth for several years and perhaps the launch of ETH2.0 will be the stage for the beginning of a new rally in the cryptocurrency market.  In any case, growth is more likely in the next 2-3 weeks, in anticipation of launch.

I too wish there was more discussion on this. It would atleast be possible for people to have more information about the consensus process rather than just assuming that 32-ETH validators will automatically lead to a working chain. Moving from PoW to PoS has long been considered the alternative for scaling the blockchains after Vitalik's failed attempts at sharding. The whole ETH 2.0 narrative gained ground very quickly after Vitalik posted that characteristically complicated roadmap of ETH 2.0

For one, I wonder how exactly blocks are going to be formed in a blockchain where people can be "validators" by just staking or locking ETH. Where is the actual "node" that orders the transactions and propagates them. Sure its Proof of "Stake". Does that mean there is no "Work" at all? I would love to have explanations from some of the people here who understand this.

It is indeed great to know that Eth has passed its testing phase successfuly after being in testing for several months.
Now the most exciting thing is that minnet for eth 2.0 is also announced for december 1 which is not far away and im expecting good fomo in eth price around that time and i hope eth will be able to break 1k mark.

Validators for the ETH 2.0 launch already crossed the minimum number required, and this is really creating a positive impact on  ETH price. As it stands, mainnet launch won't exceed December 1st and it's really amazing, hence the long wait is worthwhile. I hope the launch will be successful, and scalability will be improved in as much as people still benefit from the staking. I don't have up to 32 ETH which is the minimum requirement, but I'm still happy with this development. I also hope fees are reduced more with ETH 2.0 launch.

If you invest right now, you are going to start getting stakes later on plus you are speeding things up as well, if enough people deposit that will show the chain that this is what we want and that will take things considerably quicker to final destination versus waiting for the minimum to be reached.

I feel like the minimum will be reached in record speed and we will move towards 2.0 very fast, I doubt anyone would want something like this to be postponed and they will probably want it right away. There was also talks about being able to stake even today if you do something but I didn't really understand how, I assume it will start when the public release happens and not now but there were some ways around people were talking about, if that is the case things could change very quickly.

As it is quite evident and clear now that eth 2.0 will be launching within a month time from here. I hope we will see crazy hype and fomo about it and eth would make it really big because it really is a big event as it will transform the most adopted blockchain network to comply with the increasing demands and eth will be on the path to take this tech everywhere.

You are talking about the technical side? Fair enough. I gotta admit that I'm not too confident with my knowledge on how eth2.0 works like shards and all that.

The rules are quite different when you think of the factors that's going to affect the price [pump or dump]. The popularity and the user base should also be considered aside from the profitability and the technical developments. Just think of how bitcoin is still the king even if it has real scalability and network fee issues.

ETH update takes new hype and that evidence clearly visible to coinmarketcap as second to market volume next to bitcoin. Well not bad for those who had made ETH pump up to test and try the new network. It is a better way to see how eth network has improve and hopefully someone here in the forum would make a statement or affirm their experience using the new eth network especially when making transactions. There could be at least a thread for the new eth network.

As the potential coins at the market, ethereum can get a pump anytime. You can see the price now increases a lot than before. I don't know what change of the project, but I only know about staking on the ethereum, which can be a good move. When ethereum is one of the good coins, I only think that an update to the project can lift the price. That makes me sure that the ethereum price can get the pump in the future. But if you don't want to invest in ethereum, that will be your decision. Maybe we have different views on ethereum, and that is okay.

Yeah, ETh has started growing during last days. May be we can see new ATH. previous ATH was around 1400$ per ETH in January 2018. May be this time it will go higher  ::)

Comparing bitcoin with ETH is stupid. Bitcoin serves its purpose because miner's trust it and put money into establishing mining farms. This trust comes from the technology and the truly permissionless nature of changes. Bitcoin's use case has been of a solution to the double-spend problem and it has delivered that. It is the foundation on which this whole experimental spaceship is being built.

Compare that with ETH which is far from its initial promise of being a world computer that would allow anyone to host DAPPs running on a decentralized processing network. They then started talking about sharding and then completely pivoted to PoS, which i fail to understand why everyone is so excited about.

They have already collected enough money to make it work for 1st of December right? We are literally just 3 weeks away from having Ethereum turn into 2.0 and have a proof of stake which would change so many things. I also really wonder how the fee's will be affected by this. Historically speaking the proof of work ones usually cost a lot less compared to proof of stake ones but usually look more expensive because they are used a lot more and stake ones are not that popular.

For the first time ever we are going to actually see a change with fee structure that could actually make a difference, right now doing anything with ETH costs few bucks just to send, and then there is facts of having money on account just to show for gas fee. ETH will probably reach to 700 or so levels before the year ends, $1k is not out of question.

Thats correct but I have to make this thread to notify the community about the situation in other of avoid the things that happen during YAM Defi project bugs in other to save the naive investors and enthusiasts. However, it still in testnet phase and tech experienced people are needed to do the depostion.

That's because the mind of most investors is now on Bitcoin after the Paypal announcement and the last time I checked we are in the market season where every trend is determined by Bitcoin momentum.

The ETH blockchain will use an advanced technology which will help the ETH protocol to be useful for institutions, crypto communities and private bodies. Mind you, the Australian government are set to make use ETH for the upcoming digital currency.

The news had become a big rumor in the previous year even earlier this year the ETH2.0 rumor became a trendy topic and many crypto users expected more after ETH2.0 was released. yes, ETH2.0 has finally been shown to be released and I think it has a good impact on the recent rise in ETH prices. the team has done well, I hope the selling value of ETH can be significantly higher than the current price.

Great news! Not only me but everyone who is involved with all the cryptocurrencies in the world I think everyone was waiting for this Etherium to be 2.0 Because where before the transaction was done in 10-15 per second but after Etherium 2.0 the transaction will be much more in 10000 per second, it will be very beneficial for everyone involved with cryptocurrency.

yep this success defines the price

eth 2.0 will bring many new features, innovations such as the speed of transactions and the transition from pow to pos that is the possibility of earning with nodes, of course 32 eth for a node are many but you can organize yourself in a pool, in my opinion it does not sense to stake the eth already now to earn future eth 2.0 because eth remain blocked in the smart contract at least until the exit of eth 1.5 which is not known when it will happen, better to put eth aside as much as possible and make your own node with eth 2.0 whenever possible

Is it true that in the upcoming Eth 2.0 miners rewards will be lessen? I hope this won't be happening because I just recently bought new gpu's for mining. But it will maybe somehow solve the problem of Gpu shortage in the world, and that maybe the reason new miners won't bother entering because of the estimated ROI. I hope it will turn out well.

if they reduce this crazy gas cost, than yes. As part of rewards come from TXs fees. So rewards should be less. But price could be higher, as more people will use Ethereum

The four proposals are live EIP-2565, EIP-2718, EIP-2929 and EIP-2930 and hopefully it will change the huge transaction charges we are facing when sending the coins and some of the exchanges stopped withdrawal of the coins including tokens and there are more upgrades coming in the following months.

It is possible to run your own node but the node with the highest stake wins the share and with many having huge number of coins it will be an impossible task to get the share if you are staking in your node.

even though we have reduced transaction costs, but when we look at transactions that will get denser, we will also see how transaction costs have increased again.
The problems ethereum is trying to solve are not simple. this takes a fair amount of time.

Actually, Ethereum 2.0 still doesn't help now. Recently I had completed some transactions for 1-2 USD, but today one transaction cost me 10 USD. That's how we are moving to BSC. CZ tweeted that new users are using BSC instead of Ethereum blockchain. I don't know how Ethereum could handle those transactions without BSC. Here we can think that in the future BSC won't be enough.

hold it mate because there's no reason for selling.. Actually if you read the content above its really a good news not a bad news.  So better to  keep it and expect soon or later Ethereum will gain too much value because of this new update .. Just spread the good news instead because it can help and indeed no need to worry anymore just relax and get some wine.