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Since the launch of Eth 2.0 seems to be earlier, will this news drive the price of Eth 1.0 down ?

u just missunderstood it, we still and always have 1 ether, it doesn't mean eth 2.0 the ether will split or have a new clone of ether. its just major upgrade for ethereum network , from PoW to PoS , why should they change the system ? , well just try to learn it here (https://ethereum.org/en/eth2/).

Just like the first poster already said, you misunderstood the whole thing, eth 2.0 isn't a new eth coin, there will never be two different eth coins in the market except some scammers or some hungry developers make a clone, the much awaited eth 2.0 is just a major upgrade that will be applied to the current Ethereum network to help scale it further so as to help bring down the high cost of transaction fees which have been a major problem if the blockchain is last year, it will also be moving Ethereum from being a pow coin to POS, this means that Ethereum can no longer be mined but staked.
So for me, I think the release of eth 2.0 should rather cause eth to highly increase in value rather than come crashing, the release of eth 2.0 will be the best news for Ethereum supporters and users.

Are you confuse about Eth 2.0 upgrade or it was just a typo? IMHO, I believe that nothing has changed except the price has increased too much but it also became a burden for ordinary users like me, because of the monstrous transaction fee. that's why until this problem is not yet fixed the Ethereum 2.0 development will remain incomplete and I hope that the EIP-1559, proposal was implemented to fix this gas problem a soon as possible.

I got it, the misconfusion was due to the separation between eth and eth classic, i though they might do the same with eth 2.0

What? 1.0 and 2.0 ?  ;D lol just like what mentioned above this will not split the Ethereum but instead will help the development and progress of Ethereum network and platform.

actually the Pumping value now is the effect of 2.0 version because people starts to realize and analyze the good help of the launch last year.

There will be no fork coin like ETC. Ethereum 1.0 will be migrating into the ethereum 2.0 (POS) system. That means if this update will bring the transition from the ethereum POW with uncapped supply to the ethereum POS with capped supply.
There's a rumour about ethereum genesis but it's not yet happening till this time. So many parties didn't like if there would be another fork coin again other than ETC

You probably have thought that there will be a consensus that shall stay on the 1.0 and the rest will move on continuously on the 2.0.

But that's not it.

There's a major upgrade to Ethereum and its consensus algorithm for which will make it one of the biggest update that we'll ever have coming from one top altcoin.

There are no two Ethers, it is just like Uniswap launching new platform, the tokens are still the same, you lock your Ethereum into a contract and the new chain gives you your Ethereum when 2.0 upgrade is done. As for price speculation, I think the price will dump after the forth coming hard fork, the coming upgrade has been priced into the current price action

We sort of do have two ETH coins which is the fork in the form of ETC. Or not exactly two ETH but that is a possibility that another fork might happen as soon as a group of ETH holders isn't satisfied with certain rule changes or the roadmap. The ETH 2.0 release has been delayed? Wasn't it supposed to be live already?

This is just an update mate, and on what stage we are now on this update? Since it looks like it slowly adopting by many and the price reacts on this one. Though some problem are still pending to be solve especially the fees of transacting on this network, I hope before the end of this update, they come up into a good solution and make the ETH network cheaper again.

As said above, this upgrade is not for creating a new coin like ETC, but a major update to the ETH system.  We know that there are some big problems with ETH today such as huge transaction fees.  I hope that with this renewal ETH will be even better and can solve current problems, especially the transaction price can become friendly.

You're making fun of yourself, it's okay you're a real novice, and you should learn more about it than time and money for things you don't understand.

"You're making fun of yourself, it's okay you're a real novice, and you should learn more about it than time and money for things you don't understand."

That's why i asked this question, not everyone can track all technical attributes of all altcoins.

No thats not how it goes mate, Ethereum was just being Boosted by having 2.0 version meaning the progressive action of developer added this for the goodness of the platform and the network and not for competition or anything in related.
Well that's why there is a Forum like Bitcointalk.org and there are accounts like us that will help enlightening you.
Don't be hard on them Mate, they are just not aware of your understanding so best to use those answers for your own benefits.

Indeed, with the release of ethereum 2.0 I really hope that transaction costs can be reduced because so far in my opinion it is very large,
hopefully this can be heard by his team and can be resolved soon,
because many people also complain about the large transaction fees

No. Ethereum 2.0 is a development to support ethereum. I don't think it will hurt. On the contrary, the price of ethereum will increase in my opinion, as it is a development that will help reduce the excessive wages.

Renowned trader Ben Armstrong predicts an increase in the ethereum price by mid-June to $ 5,000, by the end of August to $ 10,000 and by the end of the year to $ 27,000. At the same time, he said that he would shave his head if the price of ethereum by the end of the year does not reach $ 10,000. Of course, this is a less traumatic promise than the famous promise of John McAfee that the price of bitcoin will rise to a million dollars, but Ben Armstrong's hair seems to be very dear to him.
Well, $ 27,000 ethereum may not reach $ 10,000 by the end of this year, however, I hope it can go up to $ 10,000.
Ben Armstrong interview link https://cryptonews.net/en/622920/

With the existence of ethereum 2.0 it will certainly make ethereum better in every way and of course the influence of ethereum 2.0 will have a positive impact on eth 1.0, because basically ethereum 2.0 has a staking mechanism so that when the staking process starts it means the user allocates eth to the contract address eth 2.0, and if the popularity of staking grows and develops properly it can certainly produce stable results with relatively low risk, this will cause the circulating eth supply to decline sharply and automatically with a limited supply will certainly make ethereum prices increase rapidly as it is today .

Then learn to listen to everything from people, work hard to learn from those who have gone before, and this market information is also very sought-after. Here people will help you with a generous attitude, I just want to advise you to be patient for learning.

Then learn to listen to everything from people, work hard to learn from those who have gone before, and this market information is also very sought-after. Here people will help you with a generous attitude, I just want to advise you to be patient for learning.

That's why i posted this issue on this forum !!!!

i hope when they deployed eth 2.0 it increase the price but not the fees again.. Because it will be the biggest nightmares for like us that keep hodling some ethereum in our wallet wherein just to prevent spending too much gas and still hoping a changes for this upcoming new update.  Actually someone says it will be the best news when eth make updates.

I hope so because it seems like your paying too much even just a small amount of transaction wherein very unacceptable actually, especially like us that just hodling a small amount of ethereum.  If it getting worse before that update we're stuck forever honestly..

I have no idea what it will do to the price as people don't seem to care about the transaction fees anyway if you look at the GWEI price that is insane. ETH 2.0 was supposed to reduce the transaction fees and I hope it does significantly as this is really a bad situation and not sustainable for any application being built for Ethereum.

they seem to be looking for a solution for it and need several stages in the implementation for the system to be more perfect
This is still an early stage and it hasn't been disappointing, we'll see how big the impact will be

People do care about fee more specifically the dapps since the more code executed means the more gas you need to pay and it's affect really a lot, you can see also that now many dexes that moving to bsc attract so many people to also move to bsc primarily when it requires $100 to just swapping coin

eth 2.0 im sure gonna make eth blockchain populated with people again, like it or not the fact that a chain like bsc has so many shitcoins created there means they are populated enough.

Indeed, the problem so far is the high transaction costs as you say,
and I hope the transaction fee can go down soon and I think that's what everyone hopes,
but if in fact the transaction costs are still high I don't think people will be that easy to leave ethereum

I was very confused when reading the content of this thread. Let me explain to you as follows: ETH 2.0 is an upgraded version of ETH 1.0 technology so it is still just ETH and no Fork happens.
So the price increase or decrease will take place directly on ETH. Price decrease or increase will depend on the success of the upgrade to ETH 2.0

We can only hope that the incentives for dapp builders will be in such a way that they only build dapps which make sense and not some senseless stuff that is just good to flood the network and produce congestion. It is annoying to see where the costs are at for now.

Old problem. They used to say it about Bitcoin too and even many miners and companies left to socalled better coin like Bitcoin Cash. then when Segwit came around people who were complaining took so long to adopt it until today it's still barely 50% adopted anyway. So maybe in the end tx cost isn't everything?

If developers only listened to people,,, then their product would be without direction and only following popular opinion. Refer to Bitcoin Cash and see what it did to them, same as BTC diamond and all those other fork coins.

Ethereum does listen but they have so many proposals to choose from and very little idea of what may come from implementing any hence testnet periods and slow forks.

As much as I would like to see ether price rises beyond what it is now, I think ethereum network is congested and there is a need for speedy upgrade! Ether 0.2 have started and many coin are locked away in staking yet, the staking effect is not significant yet! If ethereum network do jot upgrade Asap! I'm afraid ethereum network will become unuseable!

he was thinking if ethereum 2.0 will become a separate chain and that's why he was asking about that before but so many members already given enough answer for him.
I remember the rumour about the separate chain from ethereum 2.0
I would not be surprised to see that if there will be someone who is still asking a question about this dude.
This is a common thing. he was  a new comer.

With the release of ETH 2.0 later, of course it will have a very big impact, because in terms of price and volume of ETH, it will definitely skyrocket when that happens, in fact I am sure ETH can beat BTC in rank # 1 when ETH 2.0 is released in the future.

I don't think ETH 2.0 will cause much of a price increase. Right now miners are getting tons of revenue and price still rallied all the way to $4300. When ETH 2.0 comes out the miner issuance might be lower but it doesn't necessarily mean price will sky rocket due to lower supply hitting the market. Even EIP 1559 doesn't mean the supply constraint will cause price to sky rocket. Its possible but not necessary will come true.

BTC will most likely be #1 for a long time due to its security. ETH might for a little while be #1 however it won't hold that spot for long. Most long term crypto holders always prefer BTC. Its also much more stable in price and much much more decentralized and secure with all that hashrate. So I am pretty sure this won't happn.

ETH 2.0 will make ethereum be more usefull than before, i think you misunderstood about this.

ETH 2.0 will fix the fee problem and others, with this major upgrade i believe it will make ethereum price rise so high.

Exactly , Ethereum developer can make this best if they only have made listen but they dont instead pushing it through what they wanted but not what people wants.
But at least the effect showing now mate , having the value meeting another ATH multiple time ? i guess they are progressing.
Then teach us how this work mate?
Fee is also Bitcoin problem but yet the price continues to rise so i think that's not the only thing that must be in the good way here.

If ETH 2.0 will be released later, it is not certain that ETH will decline, on the contrary, I think the ETH price will continue to skyrocket when ETH 2.0 is released, it can even be 2-3x times the previous ETH price, based on my observation, ETH can reach $ 10k on when ETH 2.0 is released and will continue to be pumping.

Eth2 will most of all tank MATIC and other projects trying to scale ethereum.

Hmm I am not so sure what you mean at all, not certain it will decline? If? ETH 2.0 WILL be released this is for certain,,, just we are not entirely sure when. And why would that cause ETH decline.

Skyrocket, who knows. I would be happy with a return to 4000 and remaining there:)

I think it's the opposite if ethereum 2.0 is officially released it will make the price go up,
I believe that ethereum 2.0 is much better than before,
which is clearly one good move for ethereum

Vitalik gives and explains to the ETH community that the update has taken a long time, that sometimes it usually takes longer than expected, when things get complicated, any detail results in the resolution of more problems to reach the goal:

Even Vitalik Buterin is surprised at just how long Eth2 is taking


Source: https://cointelegraph.com/news/even-vitalik-buterin-is-surprised-at-just-how-long-eth2-is-taking?_ga=2.249107975.1631946973.1622469766-1822102485.1580788659 (https://cointelegraph.com/news/even-vitalik-buterin-is-surprised-at-just-how-long-eth2-is-taking?_ga=2.249107975.1631946973.1622469766-1822102485.1580788659)

Vitalik also makes us see that there are certain cracks with the developers, because he emphasizes that sometimes the technical problems are not all that they have to do but problems with people ... They may have everything ready before 2022, for now it's time expect.

there is no need for news about this, the price of Ethereum has fallen more than 50% because the price of Bitcoin was dumped,
yes I understand all the feelings of the holders, I myself am also very disappointed with the current price of Ethereum, but since the launch of Ethereum 2.0,
the problem is about fees there is still no clarity, hopefully fees on ethereum can be very cheap like BSC

Ethereum and Ethereum classic are two different coins to be precise eth classic is actually built on the Ethereum blockchain.

As of eth 2.0 this isn't some kind of hard fork of Ethereum, this is just some kind of soft fork to make Ethereum better and more attractive to its users which should fix some of its flaws .

---

There's some news about ETH 2.0 coming from Vitalik.
Even Vitalik Buterin is surprised at just how long Eth2 is taking (https://cointelegraph.com/news/even-vitalik-buterin-is-surprised-at-just-how-long-eth2-is-taking)
Cryptocurrency : Vitalik Buterin says the Eth2 challenge goes beyond technical issues (https://www.explica.co/cryptocurrency-vitalik-buterin-says-the-eth2-challenge-goes-beyond-technical-issues.html)

It is a complicated issue as it is with every large update. I don't know if they some problems like Bitcoin and Bitcoin Cash back then? But I would not know why that could be the case.

Whatever but these updates are probably discussed in the slightest detail and I am sure there is no consensus all the time between them. Especially if you consider that the development individually has money at stake, which is good for the community but also leads to discussions because all of those brilliant minds on the Ethereum development team has their own opinion.

But they can do so much testing that t should be relatively safe. There have been other forks although this is of course a huge one where all players have to agree. It should go well and hopefully have good effects.

You would expect that, but everyone knows what it's like when it comes to testing: it is a different situation under different conditions. The range of unexpected externalities can't be simulated. It's like in a penalty shootout in a soccer game where you hit ten out of ten in training but fail in the middle of a stressful game situation.
I am sure they will roll it out successfully but at the same time I understand how thoroughly they proceed.

Not really a problem but a fork happened in the past. The original Ethereum back then was ETC and then the fork was named ETH which is now Ethereum, cmiiw if some experts find my explanation to be wrong.
But such update shouldn't really be hasten but it's also been a long time since they've promised that update. What's next then? when we're near to said date then they'll extend again? no one knows.

Yes but we also don't know their hierarchies and decision processes. What happens if they fundamentally disagree on something before the roll out? Maybe hat delays the whole process by a lot but they might not necessarily share any inside arguments with the public. Hopefully we will get the update and its promised effects rather sooner than later.

It is also not like they are rolling out their first update. The fact alone that they have built Ethereum from scratch provides them with so much expertise that I don't see any issues arising they couldn't or didn't anticipate. Still though there is always some risk involved. Buterin himself says that repeatedly.

Some in the cryptocurrency space knew that it was not going to be that easy and i never expected ETH to rally because of the complicated routine they are undertaking an one miss step will crash everything. So finally the brilliant mind of Vitalik understood that changing the algorithm to POS will take 6 years, which i had no clue but i knew it is going to be a hard process considering how much application and spam is run on the entire blockchain and to completely shift that in one go is not even possible.

and everyone can actually search about eth 2.0. nowadays, you can always enrich your knowledge just by hitting the search button.

here are few links that can help others to understand better what will happen with this 2.0 version, sometimes, all we need is just a lil bit of reading and understanding what's going on. in this new version, we will be seeing different metrics on their block explorer which include epochs, slots and attestations. this is interesting, a different perspective of seeing how a block explorer works.

 what is eth 2.0  (https://ethereum.org/en/eth2/)
Ethereum 2.0 Explained in 4 Easy Metrics  (https://www.coindesk.com/ethereum-2-0-explained-in-4-easy-metrics)
What Is Ethereum 2.0 and When Will It Happen? (https://www.fool.com/investing/2021/05/27/what-is-ethereum-20-and-when-will-it-happen/)

It's out of our scope already whatever happens inside the process. They are the only one that can know, share or keep hiding it to the public if that concern seems to be controversial.
But if we're getting a word from Vitalik himself that it's going to be delayed again for at least a year, then what we should hope for? nothing but to wait.

Why do you think Vitalik and his fellow ethereum team members want to develop the blockchain to eth2.0, do you think they will stop at this stage, probably, the network keeps getting new implementation and upgrade, if ETH 2.0 according to it's features of low transaction fee, and others are not finally come to use, then majority of people will leave eth for bsc because of the affordable characteristics bsc has., talking about the price, yes the new development of a project affects the price positively.

Sorry but are you referring that Ethereum 1.0 and 2.0 are opponents? meaning they are competing with each version?
Kind of funny to read this thread because this assure one thing , and that is you really knows nothing about the release and the meaning of this versions.

So, we see that Eth 2.0 is a highly anticipated event for its release. because with the work that takes a long time, I'm sure Vitalik doesn't want the process to get imperfect results. I'd rather wait a long time, that way we have time to prepare for the reception. maybe some balance should be prepared. imagine the presence of Eth 2.0 is getting closer. so it doesn't hurt us to wait.

You are right, sometimes the development problems in the blockchain are usually very difficult to correct, sometimes you have the best programmers, but the time required for the updates is insufficient, I wonder if now with this we can do something more with respect to the problem of the fee ?? For some this does not seem to affect them, but to a large extent as time goes by, this type of thing will make the currency lose value. If Vitalik does not establish a strategy to be able to attack this problem and solve it quickly, I think that things are going to get out of hand, and the problem will increase and many will not have the patience for now, it is likely that this will bring him investment level problems in the future.

I don't understand what you are saying, how can you conclude that eth1.0 and eth2.0 are the same. technologically may be the same but the system developed may be different. the meaning is the same, where is there no change in the system?


I agree with you, we know that the current problem in ethereum is the high cost, so changes are made, maybe technologically it can be the same but is there no change in the system that was built. I'm sure there will be feature changes that are updated to be able to provide ethereum can move more dynamically and the speed can be faster with prices that return to the original goal.

if there is no change in what you say, then everyone can leave ethereum to look for an alternative platform that is cheaper and the transaction is fast and many have tried it, but they will not be able to move freely if ethereum can return to the beginning

BSC is increasingly popular because it can provide cheaper transaction fees than ETH, but the ETH team of developers definitely won't let that happen
in the long run. Therefore, ETH developers are not in a hurry to release ETH 2.0, they are preparing carefully, in order to win the competition
against BSC. I believe that if ETH manages to release ETH 2.0, it seems like it can compete with BSC's cheap transaction fees. So in the end ETH will
win the competition to compete with BSC, remember ETH experience is better than BSC, therefore ETH knows how to survive in the crypto world.

As per the previous announcement, it will happen next month (July) but still, we don't have a confirmed date yet (or I just miss it).
I don't know what ETH 1.0 you mean. This is just an upgrade, it won't affect the previous version.
https://vaultoro.com/what-is-going-to-happen-to-my-ethereum-1-0-coins/

But anyway, I'm not going to excite myself but I was believing that it helps a lot especially for the transaction fees. And I think everyone is waiting for this moment to come, in fact, we have been talking about this since last year.

Maybe there's a slight advantage that we should look after now, because as I've observed gas fee also saturated and not much expensive compared from previous. This is a great development for ethereum in the first place, so we must expect more positive changes coming.

Finish? there is  a time frame for this project and it must be done accordingly mate and not just like what you need.
Ethereum 2.0 is still on progress and i know that there will be enough plans Vitalik Buterin towards this launch .
and this will add protection for the transaction fee issue as well because this is the main problem what ethereum network is experiencing now.

I'm looking forward to seeing a huge impact in regards to its transaction fee and certainly to expect it helps to lower it down. Which is the main concern to all of us. And if this going to happen after the upgrade, and the chances are those people who are currently using BSC might turn back to ETH.

The only we have for now is just optimism, we still not know what really be happening and the sole purpose of this upgrade until such a time that it was done and see its effect. We are waiting for this for about a year and I hope we don't get disappointed with the results.

after ethereum experienced a price increase which was triggered by the many defy projects that occurred on the ethereum network, gas costs on the platform also increased, but now along with the development of ethereum 2.0, gas costs have started to decrease slightly and are almost close to normal costs, As we all know, Ethereum 2.0 was created to increase the speed, efficiency and scalability of the Ethereum network, so that the Ethereum blockchain can process more transactions and reduce congestion on the network.

That's a good thing although the transaction fees are not as cheap as Binance Smart Chain,
but with the cost reduction at least there is hope for the future,
and let's hope that after ethereum 2.0 is released it will make the transaction fees cheap

I hope so but anything related to the ethereum 2.0 already planned since last year but remembers that the execution needs a lot of process. it's not about to give a minor change to the network but it will be re-structuring the network to migrate into the POS consensus and that will need a lot of time to do that caused by ethereum has become the most popular smartcontract protocol.
It must have passed any audit to make sure there will be no vulnerability that can affect all of the projects built in ethereum.

it's true, this year's BSC is like 2017's the ETH, where there are many new projects from legal ones, scams and Rug.
One reason that many BSC projects have sprung up is the issue of gas costs.
Maybe this is also what makes BSC not only being looked at as an alternative to Blockchain, because there have been many other chains with cheap fees such as solana, fanthom, tron and so on. so eth 2.0 is still the same eth but with fixes for various problems, one of which is gas fee