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Hi, do you expect big changes after eth 2.0. come, when will that happen?

I know many aren't prepared to see this but ETH will suffer if 2.0 gets here without PoW algorithm, I hope vitalik buterin makes a good decision, yea they plan to put aside pOW for PoS algorithm but I'm sure many new problems will come up and that will hurt the project

I don't believe in lower fees for ETH. The Berlin-upgrade was supposed to result in lower fees, but this has not happened. In fact, the upgrade is currently burning more ETH than new ones are being mined, so we have deflation at the moment. The price is positively supported by this, but the fees also cost significantly more when converted into fiat.
Don't get me wrong, I would like to see significantly lower fees, but I don't see it being realistic.

‍Future mainnet launch to ensure that ETH is scalable. This is crucial to its existence. Otherwise, crypto enthusiasts stop using the Network and move to other networks like Cosmos, Tron, Solana, Polkadot, EOS, etc. And certainly this will happen if the implementation is successful.

Imagine what will happen if the deflation keeps going on and ETH switch to proof of stake? ETH will lose its ground if proof of work is lost in the system, the reason why ETH has been adopters favourite since launch is because of the mining part, ETH will be less interesting without PoW

Tron? Mehn this is so laughable, why isn't any new project running on Tron TRC20 since 2019? Many projects that gets on Tron smart chain already switched to another, as far as smart contract is concerned Tron fails in that area

ETH 2.0 network i have heard a lot of people talking about this to be able to release the pretty high gas fees nowadays, but still can't believe the gas fee will be low because we don't know if it's the mainnet or just is a separate network to replace this it is difficult because the old networks we will still have to perform and the fees will continue to increase because the old network and the new network do not exist at the same time, it is two parallel blockchain networks.

I do but i will not expect something big will come. Iceage already delayed and blocksize was still the same without any change. London hardfork gave only burn mechanism but it didn't even solve the main problem of ethereu,.

Im sure that none know about that. The upgrade will be done through EIP and this EIP will be published to make sure public will know what improvement protocol that will come soon. You can't argue if it will give a big change but you must wait until the new EIP will be published and it may tell you a clue about upgrade that will happen in ethereum.

I feel like the more the 2.0 release is getting closer, the higher the fees are and so the more unusable the chain becomes. For now, it feels like a kamikaze imo.

There might be a big change, but I doubt the security will stay the same and I also doubt there are no big sacrifices to make. Unfortunately, it's probably privacy, decentralization and security that will be at stake. PoW to PoS is already a big red flag for me.

We can expect huge changes in the transaction speed so the transaction cost will reduce a lot but eth2.0 still requires time atleast couple of years from now. You can also become a validator so can make money from the transactions for that all you need is ethereum.

I guess almost everyone is hoping and expecting that the Ethereum Fees will drastically go down once the full transition from PoW to PoS is finally done and working and this really needs to happen in my opinion otherwise the Ethereum network is not really usable anymore for normal people and small traders. If you have to pay 10$ of fees just to send 20$ worth of ETH to someone else or to pay something then it is just not working for the everyday needs. The same is true for swaps on uniswap of course, if you have to pay 50 $ for a swap than you need to trade 500 $ worth of tokens or more or you would have to pay more than 10% fees which is insane.

Actually, Ethereum 2.0. will change the consensus of Ethereum, and it is a very important feature of any coin how it is being mined, using Proof-Of-Stake or Proof-Of-work. Mostly, people say that due to this update, commissions will become lower and I really hope that it will be so, as miners will not have to spend their electricity any more. There will be validators who include transactions in blocks.

I don't believe it will happen, Eth expensive transaction fees will remain a burden for its remaining users soon it will be felt by the network because many Ethereum users/developers are already leaving the network that's why I believe that there is no change will happen on Ethereum even if the Full implementation of Eth 2.0 will be finish. if you still using Eth you must endure that monstrous fee in order to sent and ERC20 tokens to exchange and other wallets.

So facts are that we still dont have any date when will 2.0. be released, And also big question is will it have positive impact on eth transaction fees. Thanks for your answers and opinions.

Even i do support your sentiment, their upgrade was supposed to help in lower fees but there is no change in that till now and they entire migration of POW to POS might be their plan altogether so that there will be only few nodes and they might be expecting the fees to come down drastically but with the way things are going even i doubt that it will be sorted like they plan.

Even i want to see the price going down because the amount of fees some of the users shell out to purchase some of the NFT is far greater than the NFT itself and for the fans i want to see the fees going down or the project migrating to other chains.

what will happen with the arrival of eth 2.0? first of all it will no longer be possible to mine eth in the current way, traditionally it will pass from pow to pos that means we can only earn with commissions,fees from nodes  but it takes 32 eth to put on a node so i believe that pools will be born, finally i hope that the transaction fees will be reasonable again, ie a few cents

After that fork then lots had anticipated that the fees would be going down but we havent seen that one but instead it did really stay up high for a while or even up to this moment.So it was really just for the sake
of burning and not literally affecting or resolving those high gas fees issues?

For now i've been skipping on making use of erc20 transactions due to this very common reason and for sure other people too had the same problem and came up with common solution which is to
make use of another coins when making up transaction.

Its never been feasible nor ideal on making use this for now and there are more better alternatives.

High transaction fees have always been a prominent issue for ethereum in the long run, the recent London update also failed to resolve the issue. Everyone is looking forward to the biggest ETH upgrade ever. If ETH doesn't improve gas fees, ETH will soon be defeated and replaced by another alt. Because ETH transaction fees are very high, I have switched to using BSC instead of ETH now. I hope ETH will fix the problem soon, ETH is still my favourite coin.

I don't see EIP that was discussing about increasing the blocksize. Im sure that you will not be seeing lower fee in ethereum again. The only choice to increase the block size or it will still remain to be the most expensive blockchain right now. Another blockchain has been increasing its blocksize while ethereum was still getting stuck with its POS. No one know when that will happen but you can read some new EIP and if there was an EIP that said will be increasing the blocksize and it must be supported. London hardfork was making the fees even expensive than before. EIP needs to be approved by miners and this will also extend or give another delay for the implementation of EIP. Ethereum community was debating about this in the past https://cointelegraph.com/news/ethereum-community-debates-raising-the-block-size-limit-once-again

I do agree that we haven't seen low gas fees under ETH network. But I strongly believe that it is one of the aim of the ETH dev team. I don't think they are sitting with this long running prob now that they are seeing a lot of projects are being built in their competitors' network. I am still hoping that very soon we will see economical fees in ETH network.

The current limitation on the erc20 network is a real challenge for Ethereum developers. And ETH 2.0 was created to fix issues like scaling, and I'm sure the gas + speed fees are just a matter of course that will come with that update.
Anyway it is still the top altcoin and one of the most favorite coins right now, personally I don't have too many problems with it because I just invest not much care about the technology it meets, because its position is already too large in this space. And it's just a matter of how to make it better.

Any source for that? I think we arenr sure how eth 2.0 will work out but we should wait and see what could be the possible outcome when its already happened. I dont think judging too early is gonna help the problem. Scaling isnt an easy task. Maybe other chain could sound it very easy but that is because their users arent the same in number on eth. We all knew that many has been using eth network and that is a fact survive by them. Anyway Im excited when eth 2.0 really come soon.

Can you elaborate? What problems are you expecting?

After the ethereum2.0 ,huge changes happened in the ccryptocurrency market.Binance smartchain making huge changes in the flow of cryptocurrency.After huge free for the Ethereum,new motivation happens in the market.This made the binance team to launch the smart chain for the transation.The important factor is,it also support the flow of usdt in the market.Which is essential in the cryptocurrency.

probably still as is, because as you can see after the fork many people expecting for changes but seems the same wherein still expensive.. Well to be honest it's not surprising why these is happening to ethereum since its the common way of making transactions using ERC20, that's why the network itself is experiencing a high volume of transactions until now.

ETH 2.0 upgrades are on the way, however no one knows for sure when the full upgrades will happen. In theory, the built ETH 2.0 will overcome disadvantages such as transaction speed, fees reduction, upgrades compared to the current model including moving to proof of stake (PoS) and sharding. However, there have been many opinions and comments that even when ETH 2.0 launches, it will not solve all those problems. I hope that this upgrade will fix the current high transaction gas fees

In order to reduce the commission for transactions in the ethereum network, you still need to wait a while. The improvements made in the framework of Ethereum 2.0 have not yet fundamentally resolved the issue of transaction costs. This will happen later.
I keep my ethereum and I am sure that after the update this coin will increase manifold in its popularity and price.

In general, everyone always expects a big change in terms of transaction fees on the Ethereum network, regardless it can happen on ETH 2.0, obviously the expectation is like that and now I think ETH 2.0 is there, but the problem with the amount of transaction fees on the Ethereum network I see no significant change.

Lower fee is of course the expectation of ethereum users, I haven't sent ethereum since 2 years because the transaction fee is more than $5, with TRON or BNB we can send cryptocurrencies for under $1. if it is still expensive then ethereum will be abandoned by users.

yes, everyone hopes 2.0 will solve the fee problem on the ethereum network. but when this could happen, is still unknown. so far they are only in the testing phase and there is no sign of it being rolled out any time soon. I'm afraid by the time they launch ethereum 2.0, most users have already switched to another platform. and this became my fear for the future. when users switch ethereum it is difficult to find the momentum and may end up enduring the same fate as other less fortunate platforms. forgotten and difficult to return to where it should be.

ETH lovers now have only one expectation and that is the lower fee of ethereum network. And Ethereum developers are trying their best to reduce the fees of Ethereum network. That is why they have done some development. But so far they have not been effective. We hope that further development will reduce the fees of ethereum network.

The exorbitant gas fees or ETH are the real downside of everything which results for many projects to switch to other chains to save fees. Not even the Berlin upgrade is enough. There’s a lot of debate going on here and we are so divided with our opinions regarding ETH 2.0. With the current PoW, the miners are the real winners because of the high fees.

However, it will be a different story when ETH 2.0 is live and running. Although it will save us some fees, but we don’t know where ETH’s price gonna go in the long run.

We all hope that Ethereum 2.0 will actually reduce the gas price significantly. But whether it will be something like that in the real sense is a matter of thought. Whatever I personally hope that Ethereum's gas price will be tolerable after the upgrade.

There have been many people running through other platforms and other platforms are also immediately responsive, even have a few more updates to optimize and synchronize with most new users with the aim of eliminating the name Ethereum and the situation is actually very successful when the market share of ethereum is decreasing quite a lot and is not competitive in terms of cost. However, as a major release, ethereum 2.0 may be slow with the roadmap but a surprise launch could be the fatal blow to the upstarts.

Don't dream of getting good things while you yourself put aside a reality that is already in front of your own eyes, because there are many people who expect an increase in the price of Ethereum, but they don't want to analyze the transaction fees on Ethereum, this is really funny buddy, is it in your device do not have a calculator to do multiplication on the cost of Gas transactions ? because if Ethereum is getting more expensive, it's clear that the Gas transaction will be more expensive too, a very simple example is as follows :
let's say the price of a unit of Ethereum is at $4000, and the cost of each transaction is at 0.002 ETH for one transaction with an estimated dollar of $8, do you think that is expensive? if so expensive, why in the past was such a thing considered cheap when the price of a single unit of Ethereum was $150 ? please answer very honestly now.

The anticipated upgrade to Ethereum 2.0 is long over due, Vitalik Buterin and his team of developers should address this scalability issues once and for all, consequently this will reduces the high cost of gas transactions, I believe the team are aware of growing demand for Basic Smart Chain from binance an alternative to ERC20 project, even TRON network is on board, if Ethereum developers don't do the needful promptly they would lose a lot interest from new developers who might divert to other lesser cost of transactions and faster network.

There would be an upgrade because the  proof of stake model used in Ethereum2.0 would reduce the energy/power consumption rate experienced in the Proof of work of Ethereum and would also increase the rate of transactions which is enabled through sharding. This shards helps because the more transaction congest the higher the gas fee. All this has been the limitations of Ethereum
 

I think there is no need to worry about mining, there are a lot of coins for which you can use the released equipment. But the fact that the Ethereum network should have changed for the better for a long time, providing even greater access to participants by reducing the cost of transactions, is beyond doubt.

The situation with congested network force the transaction fees to increase a lot, with this update the chance of lowering that fees is very possible, scaling issue will be shouldered as expected by people who are still supporting ERC, like what you have said, there are many migrations that take place because of this problem.

BSC and other chain who cater those new projects are booming as developers needed to migrate to continue surviving, by using
BSC or any chain who offers lower fees investors would likely to join and participate.

Hopefully ETH 2.0 will be the solution to everyone who is still stuck with their assets that stored from ERC chain.

The point here is that ETH is not moving for the trading fees to drop. They are moving down because they believe that the miners are making too much money, this way they could simply just do it on staking and that way you do not have to pay the staking too much to continue and it would still be secure. However it just doesn't mean that it will be cheaper, if people still keep on paying more and more to get ahead and get accepted first, then it will be expensive.

The problem that we have right now is that people are paying too much to be faster and that increases the price and nothing could change that, we need to convince people that they could pay a lot less and still get accepted. What could also help is that we could have a lot more inside one block, if we could have something like SOL for example, that would make it super fast and cheap but the security would be hard to handle, it is too risky.

I don't think that will work. High gas fees on the Ethereum network is mostly as a result of too many users. This is gradually turning investors away from the network. Till the number of users and transactions on the Ethereum network reduce, I don't see any decrease in gas fee happening soon.

I expect gradual TPS increases as ETH upgrades step by step but as adoption of blockchains tech grows, Ethereum TPS will still not be enough to keep gas fees low. Sidechains and L2s like Polygon and Aurora/NEAR will do really well and so will the biggest AMM on each of those platforms because people will trade on these sidechains to reduce their fees and increase profits. Quickswap is the biggest AMM on Polygon and Ref Finance is the biggest one on NEAR protocol.

what about binance new smart chain ? they also got a lot of users and it gets bigger because some eth users are transfering to them but fees didnt bloat that much .
 i still think that after the full release of eth 2.0 , the fees in eth will back to normal  .
 the small fees that we used to , back in the early days .

Broadly speaking, in eth 2.0 the block capacity is much larger and it can accommodate more TPS than currently. The new consensus that will be introduced in 2.0 has also caught the attention of many. for some people POS harm decentralization, but not a few also welcome this change. With increasing block capacity, it is predicted to reduce the amount of fees for each transaction. but the question is, when will it be realized. As of right now ethereum 2.0 is still in the testing phase, and haven't found the point that it will be fully released yet.

Great hope for now Ethereum 2.0 is a solution or option from the previous improvement that people want, many changes that must be done to perfect Ethereum 2.0, both systemally and normally high in conducting transactions, but now many changes they have perfected, though not yet The whole success they applied, at least they have perfected slowly and this is what people are waiting for, this year the target has reached 70% of the previous development.

I can't tell you how disappointed I was on Vitalik Buterin for all these failed promises. Ethereum 2.0 came and gas prices were still up there. In fact, I daresay it is even higher than before. Ethereum platforms are becoming something else these days. And transactions weren't any faster. Still wondering what they did with the 2.0

I would say that lower fees are the least important things about the eth 2.0, the most important part is the miners and the constant selling pressure. If we are going to not have miners selling constantly to pay the bills then it is going to be clearly a lot more profitable to hold ethereum even if you do not have 32 eth. There are also stakepools which means that you could have as little as 0.1 ethereum and you are going to make a profit from it.

This is why I believe that there is a good chance ethereum could increase a little before and during the eth 2.0 process but the reality is that we are going to see the bigger increase in the longer term as well. The gas fee will drop a ton as well obvious and there is a good chance that we will not going to have any trouble with these type of gas fee increases ever again and that is the real key here, not the drop but the situation not getting worse again.

We cannot expect that the number of users on the Ethereum network will decrease, although those who have chosen alternative blockchains for themselves have been waiting for this for a long time. But the project team is quite capable of solving the bandwidth problem, but so far we have not seen this in numerous forks.

No, it's totally wrong. Basically, how big the users meant nothing as long as ethereum has big block capacity. This can handle very big TPS like another blockchain which can process hundreds - thousands of transactions in a second. That's differnet with ethereum that can only process up to 20 transaction / second. You can imagine when ethereum has big blocksize capacity and it can handle 1000 transaction persecond.
It will not the fees will be so high like this time and it can stay at the lowest fees.

The correct thing should be forcing people to go out from ethereum. I wanna say that it doesn't give big impact to the big users but it was damaging the small users a lot.
It will never happen again.

Of course, it's not the best case for selection. But what do you mean by part?
TRON is not powerful, but it has certain advantages that we have to admit, I still rate it very well in gambling games.
And your problem is not what I understand, so don't try to say this is a complicated problem.

that means ethereum is still in great demand by everyone, even though gas costs are so high for now, the project team is quite capable of solving every problem that exists, but it looks like this problem can't be solved in the near future, and I also analyzed what you said, not yet looking at the many branches they have developed during my time following crypto in the last few years, many flaws could not provide a solution for them to solve and it continues to grow to this day.