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There are rumors circulating around the web, that the ETH 2.0 upgrade will finalize this year. It would be a major upgrade on the ETH blockchain, after a long period of delays. The competition became much more intense ever since gas fees increased on the ETH blockchain. If the ETH 2.0 upgrade comes into fruition, then ETH's position on the market will solidify like never before. Depending on the impact, competing chains will experience less demand on the market.

Still, I'm having my doubts if ETH will upgrade to PoS this year due to the delay in ETH's difficulty bomb. How long will it take for mining on the ETH blockchain to come to an end is beyond me.

Do you think 2022 will be the year of ETH 2.0? If not, why? What will happen with ETH after the upgrade is successfully implemented? Will it mark the end of alternative smart contract platforms for good? Will ETH gas fees decline massively after the upgrade? Or will everything else remain the same? Your input will be greatly appreciated. Thanks. :)

No one knows because it's been year since that 2.0 emerged in the internet but until now seems nothing.. But you know ethereum already updated wherein maybe yes it will be the next target. Indeed we all knows that eth team behind is so optimistic as well wherein it's not surprising that these year there will be the good year for them to release the next version. And i hope the fee decrease after that.. Lol

I don't think so as per roadmap of ethereum 2.0 if this will be done next year. This year there will be a merged update as per the continuation of previous update. I do believe next year will be the year for ETH 2.0 as all of solutions will be fully implemented. The only problem is this is still an estimation but the real implementation may get delay again.


Check this out https://ethereum.org/en/eth2/

this clearly stated on ethereum 2.0 website

i will mention it here source: https://ethereum.org/en/eth2/


All of results from the upgrade still remain a speculation but im sure that this is not yet tested. Remember the the scalability is not yet fixed and it's still a speculation if ethereum 2.0 will be decreasing the fees a lot.

Was there really a specific time frame for the release of eth2.0 because all i seem to hear so far is guess from community members, i haven't heard any official statement regarding the exact date and time of the launch, it is sounding more like a myths than reality, probably because i stop looking forward to it and accept that eth gas fee will always be high.

I do not think that 2.0 will happen inside this year. However it is never really known, sometimes it barely ever notifies you before it happens. Like I remember that phase 0 period during 2019 December I think? And I didn't know it was about to happen like a month before it happened. So I think if it happens then we will not know about it too far ahead, we will be notified a bit beforehand.

This doesn't mean that 2022 could still happen, but it also means it is not impossible. We have phase 1 that didn't happen just yet, we need to wait for all of that. Let's hope that it happens in 2022 because I am waiting on that as well, but I feel like 2023 is more realistic approach to it.

I also think that way. Its already been over a year that we are experiencing the expensive gas fee and yet until now, it's still not addressed. So now i'm already get used to it but i still wish that in the near future, it will somehow be resolve. Because i know the demand for ethereum will definitely increase once there is affordable gas fee that anyone will enjoy and feel convenient about it. Although at the present ethereum is still in a good position but it will be quite better once it is upgraded into ethereum 2.0 and fix the issue.

The result by ethereum 2.0 still remain a big question for anyone in here. There's no ETA for ethereum 2.0 to be implemented and what we can do is only waiting for that to come as soon as possible. Merged chain will be happening next months and I'm feeling curious about what will be the result from this thing. 2023 will be the year for ethereum 2.0 and it's not this year. There's no guarantee even when ethereum 2.0 will be fully implemented and this will give a good result to reduce the blockchain fees. This is another shit show from ethereum. I just wanna see how the ethereum developer can deliver their promises coz some past updates didn't give a significant impact to the ethereum blockchain.

It's a bloody mountain of code to accomplish. And it's hard to give any estimates cutting edge tech when you can be facing ton of unseen obstacles. When trillions of dollars are moving trough your protocol it needs to be more then airtight. It needs to be impenetrable.

is this the same rumor happens in 2020 and 2021? actually even in 2019 so what is the difference from there to what we have now?what I wanna believe is that not unless that 2.0 version of ethereal will finally goes out? I will always try to distance from those rumor .
and also we have been waited for so long so what can we have this year?

Hoping this year, competition is tight, Solana which is far way low gas fees than ethereum its a great alternative. If they did not force eth 2.0 this year many project will use another L1 chains like Sol, I can see many new defi,nft and web3 apps are using solana and counting.   

No one knows when exactly we will experience the impact of ETH 2.0. But high likely, there will be some improvements this year. Because if they will not release something or will remain to be expensive in terms of gas fees, a lot of these new networks will boost their popularity. And people may start to forget eth and go to these new networks. It is in the interest of the ETH dev team to fast track their progress, because as day goes by, their competitors are growing.

yes this is just speculation, but one thing is for sure in ethereum 2.0 there will be additional block capacity. this will increase the TPS many times over the current one. for the beginning I'm sure the GAS Fee will not be much different from today, but slowly it will go down by itself. and although this is not a long-term solution for scalability, but for now 2.0 is mandatory for the continuity of ethereum going forward.

I have heard of ETH 0.2 since 2020 but until now the improvement has not been realized, and is it possible that ETH 0.2 will only be a rumor in 2022?, because until now I have not seen any news about the launch of the program, but I think that without ETH 0.2 the crypto market will continue to improve and there will be stiff competition between each coin because before the correction occurred many altcoins were experiencing significant growth,

Well their upgrade seems to be always delay and that what makes it somewhat disappointed to their investors. And then we still have the huge fees, so another minus for them.

And if ever they will have the Eth2.0 this year and then we went into a bear market, for sure the price will really be affected. So it's up to them to release it this year or delay it again until the market is improving or at least improved.

I guess we have seen the pattern, every upgrade has some sort of positive effect on the price, but it is short term only.

And with the way the price is moving right now, as the whole crypto seems to be on a bearish one, maybe ETH 2.0 upgrade might not have the same effect as other upgrades because the sentiments of the investors are turning into a negative one.

I'd never expected much to whatever I've heard from ETH developers, in fact, they never show how much their concern in decreasing fess, they just let to rise. For the 3 years past, we have heard updates but look, there is nothing happening.
I hope that Mr. Vitalik will not just turn his head but rather listen to us. We don't need an upgrade, we just need help the fees to get low, I guess that is very important.

In fact, with or without ETH 2.0, its remains the first choice, ETH with ERC20 is like the mother of all popular platforms today, transaction speed is a mainstay for many users. The only complaint from users is the gas fee were too expensive from ETH itself, so in my opinion, with the birth of 2.0 which is predicted to be launched this year, it will not have a significant effect if the nominal gas fee remains high.

Instead of complaining just do either of two things. Move to another platform to trade,,, and now we have plenty of competitor options according to altcoin people. BSC and Tron and what not. Why not use those to trade? Besides, Defi/DEX use was never for small traders.

OR find a way to use second layer options like Matic/Polygon right?

I don’t think they have the luxury to delay the fork again.  It’s this year or never imho.  There are some talks going around that the fork could happen on June but could be delayed until fall.  If Ethereum does hard fork on June and it doesn’t implode at itself, I’d say ETH could go up to more than 10k per coin.  Easy...  Maybe it could go up even more. 

And a lot of folks in here don’t believe that a flippening is possible.  I have been trying to call it but I’ve been looking like an ass.  Lol.  But something tells me that won’t be the case in a couple of years.

But then again if it doesn’t happen this year, ETH could lose market share and give way to the next best smart contract platform.  What that is we can’t be sure.  Right now it’s BNB if based on market cap but I have a feeling Gavin Wood could take over the reins with Polkadot.

The next two stages of the Ether update (the merge and shard chains) will be completed in 2022 and 2023 respectively.  After these two upgrades, the ether network will be able to transact at 100,000 per second, and it is hoped that this will solve the traffic problem on the Ether network, resulting in a much lower gas fee for the transaction.  Many say the upgrade will bring the Ethereum network's gas charges to zero.  As a result, the value of other projects of smart contracts such as ada, bsc, sol, matic, avax will be greatly reduced.  Defi platforms basically use the Ethereum network as the primary base.  So I think Defi users will be more inclined to use the Ethereum network, which will reduce the competition between Ethereum and other networks.

There is no way we can be so sure this will happen but if everything goes according to plan we can see a similar scenario.

Not trying to sound negative but I honestly do not think eth 2.0 will be launched this year 2022, I say this because many anticipated the launch to be last year but still, they postponed again for no concrete reason.
I think reason for the delay in launching eth 2.0 is because miners are gaining massive wealth from the high transaction cost which anyone transacting on the Ethereum network has to pay, and launching eth 2.0 now will automatically put an end to this huge inflow of cash, I honestly feel this is why they've refused to launch eth 2.0 ever since it was announced.

You could both be complaining about a place but also keep using it anyway. I mean just because ETH could be better and right now too expensive, doesn't mean that I have to accept others being better. I could still think that ETH is better than every other project BUT still worse than it could be. That is the power of ETH, we are talking about something that is both the best but also have a bigger potential than any other project.

I agree with these people as well, ETH 2.0 will make things so much more fun, it will definitely change the whole crypto world. Prices of everything will go up as soon as ETH 2.0 starts and it will keep going up for a while after that as well. Kind of like the bitcoin halving situation.

And for this year, what will be a hot topic to be raised in the crypto space ? because in the last year there are three trends that are very often talked about such as the meme trend, the NFT trend and now the Metaverse, so are those three things going to be good this year too ?

That is still a mystery as the team is still working on the upgrade and even they have the estimation about that, and it will need time to wait and see what will happen to ETH 2.0. It can be successfully implemented or get more delays after that, but we know the project is on its way to achieving that. But I do not think that is the end of the smart contract platforms as we see that right now, many projects are using the smart contract and from the beginning until now, it was already growing fast without stopping.

Maybe the ETH gas fees will not decline massively but could decrease slowly by slow until reaching a normal fee. Once implemented, maybe that will change the ETH to a new form.

High gas costs make the Ethereum network even more abandoned, crypto users prefer the Smartchain network or other cheaper platforms over the Ethereum platform. Eth 2.0 is expected to solve the problem, to attract former Ethereum platform users who have fallen in love with other platform, they must dare to do something new consistently, such as the cost of gas which is much cheaper than other platforms or a system of safety and comfort for its users.

Well as I said, you can still use it but on second layer options. For sure ETH can be better and anyway it has always continued to improve,,, but we as users have no power (or rather we would rather not have involvement to have a voice) so we either stick with it patiently or vote with our choice by moving elsewhere.

Also I agree ETH 2.0 will reflect Bitcoin halving. We just need to be patient!

People are sick and tired of ETH developers stalling around with the PoS upgrade. It's no wonder why investors are pouring money heavily on other chains like Solana and BNB. I just hope the upgrade doesn't get delayed by 2023, because that would mean reduced market share/dominance for ETH in the short term. If the world's second-largest cryptocurrency by market cap wants to beat the competition, it's going to need to scale as soon as possible. Otherwise, it won't get that far in terms of mainstream adoption.

As of today, it's utterly expensive to conduct transactions on the ETH blockchain. Using dApps like Uniswap and Compound.Finance is even worse, as fees are higher due to such dApps' computation requirements. The more complex a smart contract is, the more gas fees it will "suck" from your wallet. Some would say there are Layer-Two scalability solutions which remedy the high gas fee issue on Ethereum, but the reality is that not many dApps are using them. The real "action" happens on the main chain, so people are forced to pay a high fee or be left out of the game. Fingers crossed ETH 2.0 becomes a reality by 2022, as ever-rising fees force developers to take action as soon as possible. Just my opinion :)

^  True that.  I’ve been dabbling around the new stuff lately and was interested in staking some token but was very surprised to see how high the fees are.  So I wait...  And I was again more surprised with how higher the fees are at this moment when I checked.

I mean jfc, check this out.  Lmao.

https://i.imgur.com/NBWFi7u.jpg


If that’s the case then it’s prolly good for VB to develop their own L2 or at least have an exisiting L2 backed by his team with finances and development.  ETH L1 is getting ridiculous.

But I think ETH 2.0 is shipping this year.  Again if it doesn’t implode, 10k min easy and it could even go as high as 30k.  IMHO.

to be honest, I'm already tired of waiting for ETH 2.0 and I'm not sure that everything planned by the developers will come true until the end of the year, there are analogues with whom I have already made friends and so far I don't want to change anything, I spent a lot on gas fees in the ETH network last year, I even had a certain dislike for this blockchain.

They are not "stalling", they are failing :D. I know that doesn't really make sense when you consider ETH is a big deal, but the reality is that they are not good enough at all to do something like this. I know that I am being a little harsh on them, but that is just the facts. Give the founders of SOL the power to change the code over at ETH and we will have 2.0 in a year, and I mean literally inside 1 year of them starting, which ETH founders already went well beyond.

Unfortunately, eth developers leave it as it is knowingly because the more it costs the more you buy eth and spend it, and that is what they want, "utility" for eth is buying it and spending for gas, that is what they are hoping ETH to be used for, and that is why they do not do 2.0 for the time being.

We’re all tired to pay huge fees with ETH, so better for them to work on this update and release it this year because there’s a lot of threat now with ETH and if they can’t solve this problem I’m sure other blockchain will take over and ETH might drop its price most probably. This update is long overdue already, hoping for the devs to expedite this update.

The main issue is this is as yet an assessment yet the genuine execution might get delay once more. In spite of the fact that at the present Ethereum is as yet in a decent position yet it will be very better whenever it is overhauled into Ethereum 2.0 and fix the issue.

hoping this will finally be mate, i have been looking for this opportunity to make my Ethereum climb as high to the top , i mean for many years ? ethereum had been pending this release and now this following year would be the final?

damn i  cant wait for this to happen and cannot wait to see my funds growing as high as how Ethereum supporters to be.

it couldn't definitely be the year of ETH 2.0 although I just don't really want to sweat over ETH 2.0 because simply it could just be disappointing in the future. So many delay has come and this is making so many people being forced to pay the fees to trade in the network and that's totally not fair compared how big revenue that earned by ethereum miners.

There are quite many layer 2 solution for ETH already even if their ETH 2.0 could solve the problems that we are currently facing that is the high gas price we could simply
just convert the ERC-20 back in ETH because most of them that existed in multiple chain usually have bridging feature that could allows us avoids the gas of ETH while also still using ETH in the future or having any plan of using ETH again in the future.

Even if it comes next year and i will not even believe it. It may be done with no ETA.

I hope that rumors will came true because its been a long time and small users like me are still suffering to use eth on many cases. Before I like using eth to gamble and to trade but ever since the gas price went up I just cant do the things I love anymore.

I would also like to try minting nfts under the eth network if ever eth 2.0 is successful and fees subsided but by the way have you guys heard pulsechain? It said to be the fork of the eth network if I am not mistaken, I think this event could contribute well in the ETH as many people will accumulate more eth and erc20's to get as much airdrop. I do not see that alternative networks networks next to eth are threatening but in fact they are helpful to lessen the pressure on the network, I do not expect them to end for good even if eth goes back to normal.

The users are tired of paying higher transaction fees for over a year and people are really tired and pushing the projects to move to other chains and the projects are also moving to other chains so that they could retain the community members and that is not that great for ETH in the long run. The only reason the price rallied in ETH is because majority wanted to stake the coins and earn money because of their consensus change and whether these moves will end up in a disaster is yet to be seen  ;D.
 

The real deal is not just staking, it is not even gas fee situation neither because there is no guarantee gas fees will be lower. You know what is the real deal? It is the fact that miners will not be forced to sell ETH to pay their bills. That's literally all I care about right now, it is the fact that miners have been selling ETH for a long time now and I am really super excited about this, if miners do not get those ETH that they sell, and that stays right now then I would guess that ETH will make a great profit and will go up.

Compared to miners selling their ETH to pay their bills, we will have people who stake ETH and keep it to earn even more with staking. It is going to be awesome and price will go up insanely high.

I think that it will be.

The ETH team knows that the community will be waiting for the merge, and if it continues to delay the launch of 2.0 then people will become skeptical and potentially pull out of ETH as time goes on.

Whether or not it delivers the promise of much lower fees is yet to be seen, though. I personally think that it will, but it will never lower fees to the point where retail investors can make transactions without thinking about gas.

I stop relying on that rumors as it was a failure, this nothing could help ETH to lower the fees which all of us wanted to see. If that could give us the assurance, might it change our mind but until it wasn't yet launch, that still makes no sense. If Vitalik knows the situation he probably settles the issue but feels it was not, he does several upgrades but sees no effect on the gas fee, it is still high and not really acceptable. This is what we need for, and I hope he could find a way to help it...

It is inevitable that every year there are a lot of speculations circulating around and as much as we wanted to see a fruitful year for a certain crypto like eth but then sometimes or most of the times speculations and rumors didn't come true in a very timely manner. Crypto is so volatile that we can't predict which crypto will most likely going to be the top performing crypto this year. And yeah I do also hope for a lower gas fee of eth instead.

I'm tired of waiting so i care nothing about this 2.0 anymore, there have been so much promises from the team but fails to deliver this for more than 3 years now.
so either this happens or not this year i don't really care and will wait what will happens in the future.

I hope so. Otherwise, people will continue to lose interest in ETH until it goes all the way down the drain. Considering that we're still in a bear market, the release of ETH 2.0 will have little to no impact over Ethereum's price. Fees will decline, but only within the short term as network capacity stays at its All-time-high. For gas fees to remain low forever, developers need to constantly scale the Blockchain to meet users' needs. L2 (off-chain) and Sharding scaling solutions are ETH's only hope to remain as scalable as possible without compromising decentralization. Competing chains like Solana and BNB may be much more faster and cheaper to use than ETH itself, but their security/reliability is extremely weak (especially Solana).

I'd prefer to pay a high fee on ETH knowing that my transaction will go through, than paying a low fee on another chain with the risk of losing it all due to a network disruption or hack. People often prefer convenience on top of security/reliability/decentralization, so they wouldn't care more or less about this. There isn't an exact date for the launch of ETH 2.0, so this opens up the possibility for developers to continue delaying the upgrade to meet their needs. At least, we're not stuck on a single chain. Just my opinion :)

As we can see, it is taking a bit too long and at the same time, tons of coins and projects that have the same usecase or more but has better features, lower fees and faster transactions. Which is why more people are realising that there are much better choices out there. And as this goes on, more people will jump boats and see Ethereum as something to hold instead of something to utilize. If the team does not deliver good changes when it finally come out, we can expect more decline despite of the "early bird" advantage.

In 2022, I think it will see the level of 10 thousand dollars for ETH. While saying this, I am speaking on the basis that the demand for important cryptos such as ETH is increasing day by day. With the trading volume and the new version, ETH will make a serious attack.

I disagree with the sentiment that it'll go down the drain.

Regardless of high fees or not, most major projects are deployed on ETH first before they are deployed on other networks which is definitely a huge network effect for ETH's blockchain.

But their dominance could certainly take a hit and go much lower than current levels because of the fee issue. Bringing DeFi to all is a bit impossible when each transaction costs $200 and needs to be carefully calculated.

I have no idea where you get your information from, but I advise you to change source.
At the beginning of 2021, the number of Ethereum network customers increased, which resulted in a huge increase in transaction fees. Later, unfortunately, the number of new projects interested in the Ethereum platform decreased significantly due to the extremely high transaction fees. So we could say that at this point Ethereum is going down all the time.
If the introduction of Ethereum 2.0 causes a big drop in transaction fees, only then will we see the Ethereum price on $10k.

a journey that is too long to wait for so that fundamental changes can indeed occur because even though many are still dependent on the ethereum network to date.
although you are right, that in the end there are many alternatives that can be used to cover the shortcomings that occur with ease and low costs which are not available on the current ethereum network.

but I think that ethereum will still be something that can be used not just to hold because the other alternatives are still based on ethereum so for ethereum is still a monopoly until now.

ETH has been a popular choice and it has shown its strong potential, but it is still going to be improved. With the ongoing ETH2.0 upgrade that changes in a much more efficient and faster way but it is very difficult to see the level of ETH10 thousand dollars in 2022. Prices have gone down a lot it will take some time to rise but the right time to hold.

and the main concern here is the Gas Fee as this is the cry of many Ethereum users specially in 2021 when the fee really strikes high.
I myself experience that really bad and from there i stop using ethereum instead i let my coins stays in my wallet for long now.
this is why I am one of the waiting for this release , the 2.0 will improve everything for Ethereum platform .

ETH 2.0 have been publish for the first time at the end December 2020 and almost one year still nothing about how upgrade progress about ETH 2.0 Not seeing about exact date when launching and many miner are really worried if ETH 2.0 will publish soon. I think not have to check because still nothing progress about ETH 2.0 and gas fees keep higher forever maybe because almost two years never get lower gas fees for sending and swap erc20 coins.

Wtf are you guys saying?  Lol.  Continue to lose interest in ETH?  If anything, ETH’s staying power has been very impressive despite the high fees.  It’s still up there at second place at CMC, it’s still one of the most traded coins in the market, it still has the largest community of developers in the space and all that isn’t even done yet.  It’s all still growing.

But as a preference of which chain you should be using, if you’re a whale, sure go use L1.  Fees can get really pricey esp doing stuff like when swapping tokens.  It goes as high as 100 USD for a transaction.  If you’re not a whale, just use one of the L2’s.

ETH 2.0 from year to year like just a discourse, I don't see any significant changes in ETH. The low gas costs promised to date have not materialized, so don't expect too much at ETH 2.0

I understand you because this has been an unresolved issue for quite long already. But maybe you can check this because this might clear when will be the release of ETH 2.0 and i can see this is not happening soon. Here's the link..https://www.gamerevolution.com/guides/700294-ethereum-2-0-release-date-eth2-upgrade-phase-1-2-when-2022

If this will not be fix by the said year, i think i should just live to it that ethereum gas fee will never be reduced.

Yes, so far, what has been promised has not yet been realized and we can see for ourselves that transaction costs are still high.
everyone would hope that there will be a solution to overcome the high transaction costs,
we also can't do anything else but stay patiently wait

Actually we don't know yet when 2.0 comes to place if the Gas fee issue will be addressed and will take into action because this is the big concern of all the ethereum users and supporters as there are lot of coins that almost the same as ethereum with so much Low fee to use.

But I can feel your sentiment here as the network must not be like bitcoin when congestion happens .

About that, it's the name that will be changed and won't be called ETH 2.0. That's the news that I've heard as a summary but I haven't gone through with most of its details. I think that this problem of high fees will be resolved soon *closed fingers*.
The devs have their say but just like anybody else, we want this to happen as soon as possible so we can enjoy again the cheap fees per transaction for ethereum and as well as erc20 tokens.

The only reason why ETH is still on the top is because of its first mover advantage. Not to mention, it's the most decentralized smart contract platform in the world. If it wasn't because of this, Ethereum would've been doomed with the high fees and slow TX confirmation times. Remember, not everyone is a whale. The vast majority of ETH users are everyday people like you and me. High fees will surely prevent the average Joe from participating in "De-Fi". That's why competing chains are surging at a fast pace (even though they don't prioritize decentralized/security/reliability). We're going to have to see what happens after the launch of ETH 2.0.

Impressively, the Foundation removed any references to ETH 2.0. This might mean they're planning to delay the upgrade even further. Apparently the "Altair" upgrade phase went successful, so that's the only thing left before the mainnet goes full PoS. I wouldn't count on L2, simply because not many projects support them. This brings compatibility issues as we speak. Who knows what will be of ETH by the end of the year? Just my thoughts ;D

Your response is quite confusing, apologies. But even so, I kinda get some of your point. But still, as what I am saying, the people will always want the biggest bargains they can get and even more so with the whales and elite. This is why I am saying that if Ethereum fails to deliver even after all the wait, people will eventually lose interest in using and just start having Ethereum just for the sake of holding it and selling for a better price.

When it comes to high gas fees of ethereum, a lot of users have been really affected with that. But hey, ethereum's demand has even surged in 2021 and even if its close competitor Solana has emerged, i can see that there are still a lot of users who trust ethereum more than Solana blockchain. Source: https://www.cnbc.com/2021/11/05/what-to-know-before-investing-in-ethereum-competitor-solana-sol.html

I think we have to get used of ethereum's price, otherwise we'll shift into Solana.

Ethereum 2.0 was the welcome one among the people. The rise of Ethereum price is due to the Eth 2.0.The base for the Ethereum 2.0 is Ethereum.We need to hold of ethereum for the longer period to get double or triple of profit from it. Whenever, their is dump in the Ethereum price, we need to get into the ethereum and made your investments their. Don't forgot to inverse on ethereum to get profit.

In other news, there has been a some changes to ETH2.0. It is now being rebranded to:

Execution layer (Eth1) and consensus layer (Eth2).

https://blog.ethereum.org/2022/01/24/the-great-eth2-renaming/

So that is a big move from the people behind.

Nevertheless, I don't think that it will have a significant effect in the market price. It's still the same people behind the project.

What's important is that they will still deliver what they have put up in their roadmap for ETH2.0 years ago.

The rumors are well known by many about the ETH 2.0 upgrade, but I don't think it will happen again this year even though I and almost all ETH lovers really want it to happen soon. What's even worse is that the ETH 2.0 upgrade is just a game. What do you think?

We all heard about this problem about high gas fees but until now, there is no solution yet. So its either we'll get used to to this and accept the fact that ethereum high fees will be forever. However, Vitalik proposed a new solution to tackle about this ethereum's high gas fees, i just hope this time it will fully resolved. Check it here: https://www.fxstreet.com/cryptocurrencies/news/vitalik-buterin-proposes-breakthrough-solution-to-tackle-high-gas-fees-on-ethereum-network-202201060924

Actually it's not a game, it's just about news that can make people very surprised and also curious about it so that many people wait for it to come, but from the long wait it has never arrived until now.

Have you read this before https://coingeek.com/no-more-ethereum-2-0-as-names-change-to-ease-scaling-stumbles/?

It may happen next year or 2024. It's very well explained by the article if the roadmap still continue but it will be focusing into the scaling the network. Expecting the big upgrade to come this year is too good to be true. It's not even a game and that's different.

When you wanna try to implement the upgrade and you must also understand about the risk on it. I meant you must find bug and critical errors in the code before it will be implemented.

that's why it will become  a very hard task to do that caused by vulnerability is something that must be found with used various formula

Looking this thread I remember the past old days of 2017. During those days the market was quite bullish, but the following year was predicted to be the year of ethereum. To the expectation everything happened in the opposite manner. The market gradually turned bearish and at some point ethereum reached around $85. This time we've experienced a bullish market and now this year it is predicted as the year for ETH 2.0, with this I believe the market to grow slowly or to be a bearish year.

Well that's a relief. Anything that would reduce gas fees in the short term, would quickly see the approval of the ETH community. I don't mind about the delay of the PoS upgrade (now called the "consensus layer") as long as gas fees are reduced to a minimum. The competition grew exponentially ever since the ETH blockchain became heavily congested. It's probable competitors will lose traction after ETH's fees become economically-feasible. 2022 is kind of bearish, so it's unlikely new upgrades will have a positive effect over ETH's price. I'm fine with that as long as ETH delivers as promised. Just my thoughts ;D

Well they have been promising deliverables ever since, most of the times though, it's kinda late but still we want a solution to the high gas fees because everyone is complaining about it.

Hopefully though, there could be solutions in the next release whenever this will be. For sure they have heard the sentiments of ETH enthusiast so they have to find a way to at least reduce because we can't tolerate it anymore.

Then I guess being the first mover is enough to be on top.  I mean yes, the fees are high but the high fees is also a metric for high usage.  As long as they’re are high we know that interest in using the chain is def high too.  The moment the fees start going low, it should be a time when ETH maxis should start to get worried.

And L2’s is what ETH has for now to pay lower fees.  It’s better than nothing.  I’ve been doing swaps in Arbitrum at Sushi in Metamask.  It’s so easy.

If this isn't a game, what is there to say other than the news as you say. So far, we have heard about the launch of ETH 2.0 very often and it is the hope of many people and the community. but already entered this year has not been released. I believe that ETH 2.0 can be a solution to gas cost complaints.

the current state of ETH is that it's currently being overshadowed by the existence of the second layer blockchain that are currently gaining more and more momentum.
regardless even if ETH could succesfully implement all the necessity that ETH 2.0 requires and  could make quite the breakthrough and could solve the gas fee. things that’s still left in ETH is just opensea.
the rest of the platforms and even the newer ones are also migrating over in other chains that are less problematic than ETH simply because these kind of metaverse and gaming projects always require less problems in the blockchain so they could focus in their game and metaverse.

Maybe what he was thinking is a literal game, you know games like video games but what the other guy actually mean when he says that eth 2.0 is like a game is that maybe it was not real and eth dev's are only playing with our emotions.

They make people believe that there is something like an eth 2.0 that can solve the existing problems in the eth network so that people wont stop supporting eth but we will soon know the truth. Soon eth will be guilty for what they have done. I can only suggest that people should not heavily depend on this because it looks that there are uncertainties going on on this one. There are other crypto project developments that are worth for our time.

maybe they make our emotions. but we'll see what the team will do this year. if 2.0 is not released this year, then ETH is ready to be overtaken by others. it is very likely that BNB will acquire ETH in the market.

It's a little less possible if you've seen the total volume of ETH and the total volume of BNB, because until now the volumes of the two are still very much different so that BNB still takes a very long time to overtake ETH, and even then if ETH doesn't move at all.

It's true that ETH is too strong for BNB to beat, after all ETH has been in the crypto industry for a long time, so ETH is more experienced
than BNB. I believe the ETH development team already has a plan on how to keep ETH from being defeated by anyone. But if ETH is not
careful and underestimates BNB, there is indeed a chance that BNB will overtake ETH, although very small it becomes a reality. That's why
until now ETH is still more popular than BNB and even ETH has a much higher market cap than BNB. Actually, many projects have been created
to replace ETH, but ETH is still the best altcoins. The ETH team must have their own reasons why they haven't officially released ETH 2.0 yet,
although I hope ETH 2.0 can be released soon and can solve the problem of high gas fees. Hopefully ETH 2.0 can be released this year,
if that happens it will be more difficult for BNB to overtake ETH.

L2 may be good, but not everyone knows about it (especially noobs). The first thing newcomers into crypto come up with is the main ETH blockchain. Not a separate scaling solution. Besides, the number of projects using L2 is quite small compared to those on the main chain (if I'm not mistaken). Scaling ETH itself will be the definite solution for bringing mass adoption into the cryptocurrency. ETH developers should focus on remediating the issue within the short term, than just keep stalling with the upcoming PoS upgrade. The general public is more focused on convenience than anything else, so they'll choose the chain with the lowest TX fees and fastest speeds available on the market.

At least, Ethereum's decentralization is untouched. How will it fare after the PoS upgrade, is beyond me. As long as there's a community backing the project every step of the way, nothing else matters. Just my thoughts ;D

I also expect the same thing if this year ETH upgrades to ETH 2.0 of course the hype will return to Ethereum lovers. To be honest I use Ethereum a lot and have burned a lot of my dollars but it's worth the profit I get from the project with the promising ETH network I'm very sure If the ETH gas fees are cheap again the BNB and MATIC network will return to ETH as the first network Industry on the blockchain. hopefully

For now, it was still a rumor and people had made no clear vision in regards to such an upgrade, In fact, some say ETH 3.0 will come as well. I don't know and I'm not yet convinced how this upgrade helps the market and the high fees issues that has being a problem to the people, traders, and investors for many years.

Honestly, you're not just in doubt, the majority has done it the same. It can only be done and eliminate the doubts once proven but for now, that still remains as usual.

actually what makes the difference if they actually created ETH 3.0 because their main problem is still not resolved properly.
I know their connoisseurs won't be too affected by anything but as you said, gas problem continues to be their natural problem and can't be solved till now.
I personally started to reduce my activities in ETH because of the cost of gas and started switching to other competitors who did offer something cheaper.
I still like them but their gas makes me unable to do much there

the presence of ethereum 0.2 is highly anticipated by ethereum fans, but the rumors of when it will be released are a big question mark, so that it is a hot conversation for crypto users, because all crypto fans really hope that if the cost of ethereum gas can be resolved, let's wait for technology the second volume of etherem will be released, and whether the technology can solve the complaints of ethereum users.

We cannot blame if people will switch into ethereum's top competitors as ethereum gas fees has always been higher that in the long run only rich people can afford. And i don't think Vitalik's team is not aware of this. They are now working on this and the effect will be mostly seen once ETH 2.0 will be launched soon. However, i've come to this statement from my depth in research and got shocked of what i learned that ethereum high gas fees are indeed a good sign. Here's the link:https://moralis.io/ethereum-gas-fees-the-ultimate-2022-guide/

that (volume) is one of the strong factors that ETH is difficult to beat by potential altcoins like BNB and of course it takes a long time to be able to keep up with the volume held by ETH. then I also admit that basically BNB also uses ETH. Admittedly or not, if we look at the number of people complaining about ETH and with the BSC and Binance Exchange, then the opportunity is still there for BNB, at least taking over the rankings.

I don't know for sure whether ethereum 0.2 will be released in 2022, because there has been no official news from the ethereum developer, but I really hope if ethereum 0.2 is implemented soon, so that the cost of etherem gas can be handled immediately, because I think the fee ethereum is currently a scourge that is very detrimental to small traders, I'm afraid if this gas problem can hamper the growth of ethereum in the future.

it looks like Ethereum 2.0 will experience delays, because the topic of Ethereum 2.0 has been around since last year,
I still hope that Ethereum can cut their GAS, because GAS or Gwei Ethereum are still very expensive,
I have a few dollars and I can't withdraw because of the high fees so expensive,

We have been hearing this news since last year but there is still no feedbacks from the developers team as to when this matter will be address. Hopefully this year, but still no guarantees. I think the best solution is this: "To reduce the cost of your total gas fee through a lower base fee, you could make your transaction on the network at a time when fewer people are using the blockchain. This is because, in a way, base fees are a representation of demand for using Ethereum." source: https://www.google.com/search?q=how+to+avoid+ethereum+high+gas+fees&oq=how+to+avoid+ethereum+high+gas+fees&aqs=chrome

That goes for all newbies out there.

I think there is no big progress about ETH 2.0, I even suspect it is failed already. So, to expect ETH 2.0 gives a big role in 2022 is too much for me. We need to be more realistic about ETH 2.0 project, with no clear information about its current progress. I don't know what Vitalik plans with ETH 2.0, if he considers it is a vital part of the Ethereum network, he must try to finish it as soon as possible. Delaying the completion of ETH 2.0 makes me suspect he isn't very serious, he must hear people's complaints about ETH gas fees, right?

I think the same, I thought this is just a marketing strategy from the Etherum company to increase their value. There is still no significant progress for ETH 2.0. Sooner or later, ERC20 users will switch to other networks such as BEP20 and Matic with rational gas fees because Delaying update ETH 2.0

Personally, I have been an Ethereum fan since 2017. As for the launch of ETH 2.0, the launch of the updated system would probably be the best event of this year, however, I have a suspicion that this may not happen this year 2022. The reason is that although the Ethereum network now has large commissions, this does not prevent many from launching their crypto projects on Ethereum, which means that ETH miners now have excellent income, and the price of ETH itself still shows excellent results. Probably the Ethereum team is not in a hurry to launch ETH 2.0, but this is just my opinion and it is possible that the launch will still take place as early as this 2022.

Because indeed for most people, especially small traders, gas is something that is difficult to handle if they don't go down and it will be very difficult for some people to survive here.
Actually if I say the vitalik team didn't realize I feel more like they are not targeting a small market and are at a bigger level and indeed even if we say that this is a mistake but what they made could be one of their concepts to explore the market regardless of right or wrong it was a decision they had already made.
Maybe this is a bit off the mark but I find it strange your ranking is already high here and yet you still provide links like this. you have to fix it soon

I'm actually sure that eth 2.0 will not appear in 2022, Vitalik will definitely delay it again... :D

news about the emergence of eth 2.0 has appeared since the beginning of 2021 but until now it is still just an issue, I am not an ethreum fan, so I don't really care about the latest updates about eth.

I just hope devs make "Ethereum 2.0" a reality before the year end, because people have been waiting for so long for gas fees to decline. It's this reason why we've seen new smart contract platforms gain traction at a very fast pace. The good-old days where ETH transactions were dirt cheap and took 14 seconds to complete are long gone. Layer-Two scaling solutions are great, but not many dApps built on ETH support them. If only ETH devs introduced a short-term remedy for the gas fees, the ETH blockchain would've experienced a huge boost in mainstream adoption already. I guess if it "ain't broke, don't fix it". Decentralization is more important than scaling, so I wouldn't mind waiting as long as the upgrade is done right. Just my thoughts ;D

There are some insane news about Eth 2.0 that its renamed,
The developers of the Ethereum protocol started to move away from the Ethereum 2.0 name and abbreviations such as Eth1 or Eth2 in August 2021. The legacy code branch was officially renamed "execution," while the newfangled Eth2 protocol moved into a folder called "consensus."  (https://www.fool.com/investing/2022/01/26/goodbye-ethereum-20-we-hardly-knew-ye/)

My interest was only in PoS algorithm which was scheduled with Eth 2.0 but it looks like PoS will also be delayed also. Ethrreum has a huge community of developers don't know why they are delaying it too much.

Because you are not an Ethereum fan, you have such negative opinion.
The fact that Ethereum 2.0 will not be implemented in 2021 has been known for a long time. I thought that Vitalik would be able to make it in early 2022, but this is not happening. If a slight delay gives us a guarantee that the fork will be successful, then I have no problem with it. Anyway, I am sure that the delay will not be large and ETH 2.0 will make a revolution among cryptocurrencies in 2022.

ETH leveled a very important break point and climbed above $3100. My expectation for ETH is $4000 level by the end of this week.

I do not really care what they name it, I just want to see it moved to staking so that miners wouldn't hurt it as much as they are doing right now. It is not even about all those miners selling the mined ETH, that could happen and it is fine, the real problem is that they are spiking up the price because people need it and blockchain gets clogged each time. Any solution that makes it cheaper would be a great solution and we would be getting rid of all these insane prices.

Hopefully it will not take too long, they can name it anything they like to and I wouldn't really care, as long as it works properly. We also have to remember that billions of dollars in ETH is spent everyday, meaning there are a lot of transactions, all of which are high priced right now, all of that would be in our pockets which could make people prefer ETH a lot more.

What's important is that ETH scales as much as possible to be able to experience a massive reduction in gas fees. Only then, ETH would be on a road towards widespread adoption worldwide. The fact that there are many smart contract platforms on the market, tells us that people got tired about ETH's astronomical fees. To make matters worse, developers keep delaying the PoS upgrade indicating no intention to scale the ETH blockchain immediately. Imagine how angry people will be (and investors in general) if the upgrade doesn't come up by 2022. Slowly but surely, ETH will lose traction until competitors take the lead on the market.

Of course, ETH has first-mover advantage. But that's not a guarantee it will retain its position on the market. Everything will depend on how high the demand for ETH is. Remember, whales are not the only ones that matter. Everyday people matter too. If the average person moves away from ETH, then there would be no playing field for whales. There needs to be a balance between scalability and decentralization to keep things afloat. At least, gas fees on the ETH blockchain won't stay high forever. Just my thoughts ;D

I think if ‘noobs’ got themselves into using ETH, they could learn how to use L2 just by spending an hour with it.  It’s really easy.  It uses the same wallets as if you’re at L1.

And I wouldn’t say that the number of projects running on L2 are ‘quite small’.  There are lots of projects that have gone either multi chain or are running in L1 and L2 simultaneously.  I’m also not saying that ETH shouldn’t do the switch and that it should just depend totally on L2’s for scaling.  I’m just saying it’s a good compromise while the merge to the beacon chain hasn’t happened yet.  

I think this thread is not a prediction post about the price of Ethereum instead the 2.0 version to take effect , but of course Ethereum had already managed to reached almost 5k in the last ATH so i think it is easily be broken the 4,000 level of the movement continue this week.
How could you be so sure? have you talked to Vitalik recently? because if not then never mention the word SURE because none of that would matter now.

If they could solve easily about the higher gas fees, then they would have already done that long back rather than burning the end users fees. Many who staked coins in the ETH platform for the long term are not able to withdraw them because of the higher fees involved with them and so is the reason all the projects that started recently uses multiple chains as they know that it is not sustainable to continue on with the project with higher fees.

The only problem with L2 is that it requires users to pay a gas fee on the main Ethereum blockchain. So even while TXs may seem to be dirt-cheap or free at times, you'll still end up paying a high gas fee to convert your ETH to the L2's token. I had that experience when using Polygon's bridge to convert ETH to MATIC just to enjoy Polygon's benefits. It's the same with Bitcoin's Lightning Network where you'd need to pay an on-chain fee to open and/or close a channel (even though TXs are nearly free after that). By scaling the main chain itself, we could avoid this problem.

Luckily, there are other alternative chains that are much easier and cheaper to use than L2 scaling solutions. As long as people have the option to pay less fees, nothing else matters. Fingers crossed the ETH PoS upgrade will become a reality this year. Just my thoughts ;D

I think it will depend on many external things more than just the update being given. The 2022 situation is evolving in an unpredictable way, there are many factors on standby and when it has not happened we are just rambling with this point of view. If the 2022 market is not good then the whole argument for a good future ETH will be difficult to develop. And conversely, the potential from ETH has always been the same and until now its position in altcoins is not competing with other platforms, I myself am holding ETH since it was only about $90 and I really don't care much how it turns out :) , it's true that I no longer think it needs to be any better.

For me, what I am most expecting from the update is that the fees will decrease significantly, congestion is a reality, I know that the ETH network is the most used and trusted by many, but the BSC network is already there, and for now I know that many want to invest in the metaverse and that the most used networks will be Polygon and Solana, so I think rather that the ETH2.0 update has taken a long time to be released and this translates into a lot of money being spent has stopped winning.

I would like to answer yes to all your questions, but unfortunately it is too early for that.
I think ETH 2.0 will be introduced this year.
If it is introduced without any nasty surprises, then we can expect that #1 position in the cryptocurrency market can be changed shortly.
Smart contracts in my opinion will stay and it is Ethereum 2.0 that will again take over most of the market, but this is still dependent on how much transaction fees will be reduced.

Eth 2.0 upgrade has not reduce gas fee and no effect on price.  the looks of things today abs in my view; , Russia/Ukraine, inflation looming, gas prices rising, universal and overall fear and lack of economic confidence globally…I would bet that ETH will drop even more this month before it sees 4K again.  It may sniff the toes of 3k but with inflation rate hikes announced in coming weeks I think there are two many punches being thrown rite now. I’m taking cover and hoarding some schillings for when it drops a little more. I like it at 2500 or lower.  I suggest you make a plan and dollar cost average on the way down.

Even the distance taken from the past 2 years related to ETH is very valuable in my opinion. It is the best image it has earned, as it rises from $ 200 to $ 4700 and is the most reliable crypto after BTC at the rate of demands in the market. 2.0. I am very hopeful for the version in 2022. I read in a comment for ETH that it will rise to a very close value to BTC, and it is not so difficult to do it. My expectation is the target of 27 thousand dollars.

True. I also believe that Ethereum is grossly under priced when we look at its strong use case from creation of smart contract to NFTs and Metaverse. Most of the people working in DEFI sector blame it to be slow and expensive but most of Industry experts believe that launching of ETH 2.0 will resolve all these issue but until that happens we have the option to use layer 2  solutions, like MATIC, Arbitreum and optimuism.

That's the thing about ETH, we are talking about it like it is altcoin because it is alternative to bitcoin after all. But it has built itself such a huge market that it is what it is all by itself individually at this point. I mean if bitcoin just goes to zero because of some big hack, like someone figures out a way to hack into blockchain and takes down bitcoin, ETH could stay at the very top as well and can keep that position as long as BTC could.

I believe that ETH will be following bitcoins path, be 20k next time around, maybe even more, then even reach 100k itself as well. I can say this during a period where even bitcoin haven't reached 100k, not even 70k, because I believe that ETH has the same type of long term profit as BTC possibly has.

It's about time developers roll out the PoS upgrade in order to strengthen ETH's market dominance and bring down the competition. Otherwise, people will continue to flock from the main ETH blockchain until it's left with whales. There are off-chain scaling solutions and sidechains, but not many people are aware of them (especially newbies). The first thing people encounter with is the main ETH blockchain, so if fees remain high on the main chain, newcomers will simply switch to another blockchain network.

As much as I'm against PoS' level of centralization, I think it's the best path for ETH to take in order to remain as scalable as possible for the masses. There needs to be a balance between decentralization and scalability for ETH to achieve its full potential. 2022 has been bearish so far, so we'll see whenever the PoS upgrade will have a positive effect over ETH's price or not. Who knows what the future holds for this exciting cryptocurrency? Just my thoughts ;D

That price level is still very far for ETH. What we need to see for now is the reduction of gas fees. Other networks are boosting their popularity like SOL, MATIC or BSC because they are taking advantage of the gas fee problem of ETH. Many developers are either switching or creating their projects under these networks because practicality wise, ETH is not good for them. It is also good as crypto users are getting a wide option of network to use. Small traders are now taking advantage of these cheaper networks. But I still have high regards with ETH, and hoping that they will give something to the community this year.

With the arrival of the PoS mechanism, Ethereum 1.0's PoW mechanism will go down in history and ETH will soon deflate. I also think we will probably see a hot summer with ETH 2.0 when it is launched. Although current developments are difficult for the market after the war between Russia and Ukraine, I think it will soon be smooth and the market will have a big explosive force.

Wasn't this term abandoned?

Anyhow, I think that ETH will make significant progress towards being a much better ecosystem and have far less fees this year, regardless of what stage of the roadmap the developers go into. I don't think that ETH2.0 will be fully delivered - that's simply not on the road map.

The NFT hype has pretty much died down and that is a good thing for ETH given that a lot of people were simply in it for the short term dopamine hit. Now, there is a lot more bagholders that are waiting for the updates to roll out patiently. The good thing is that gas prices have gone down drastically as a result of the bearish sentiment.

The long waited ETH 2.0 should come into fulfilment. The high gas fees of eth have put so many projects on standstill not to actualize their goals. Am looking for a day when the eth gas fee will be as it were before(low gas fee) so that projects that are dependent on eth blockchain will soar higher as it is supposed to in no short time.

Where did you get this news from ? because until this moment I haven't found any news related to this and indeed it is something that everyone is waiting for but it hasn't arrived yet and will the cost of gas still affect the price of Ethereum ? if it still has an effect, then ETH 2.0 will also be meaningless because in general for the time being the Gas fee for Ethereum blockchain transactions is still very dependent on the price of Ethereum itself.

right, for now the transaction gas fee still depends on the price of eth. eth 2.0 is still unheard of so far, but a lot of people are already expecting it to happen soon. no one can say for sure whether it will happen this year or backwards to the next year. but what is clear is that eth is still firmly at the top of altcoins, and that means there are still many investors who believe in it even though gas costs are high, and this is not suitable for transactions in small quantities, of course if that happens, eth will be even more solid as the king of altcoins

It will not happen "soon", if that is under 6 months for you. It will probably happen in 2023. The problem is that we have seen plenty of projects that promised faster and cheaper transactions and what happened with them? They all got into trouble. SOL tried and failed, Matic tried and failed, many others tried and ended up failing even at a fraction of what ETH is pulling right now.

Not at all times, but just had those problems. Why? Because it can't be done that "easily" as they claim to be. It is not just "hey bigger blocks and more blocks and faster too!! and end up being faster and cheaper while keeping the security. This is why it takes time for ETH to build ETH 2.0 and drop the fee costs.

Everyone is talking about 2.0 ETH and there is uncertainty about exactly what will happen. With regeneration, is the expectation over 5k or decay like 0.0000?

He wasn't sure when he said that because of the word "should", you just misinterpreted him. You're right there is no news yet about eth 2.0 and almost all of us are now hopeless with it because we have been waiting for this for too long now. Gas fee can affect eth and vice versa because if the gas fee is high, many small-time users won't use eth, and eth value won't rise further.

If the price of eth is high, the gas fee is likely to go higher too, just like what we have now. Eth 2.0 is not a meaningless update because why would it take so long for them to initiate it? so it means that they prepare something big. Lets just hope that it will arrive now this year.

the more people vying for transactions on the ETH network, the more expensive the gas costs because the ethereum network is very busy. a lot of people in the bunch believe that every project born on the ethereum network has a lot of good faith. It's true that the complaints of small people like me have high hopes with normal or small gas costs that the costs will materialize

This news is highly expected with this news, hopefully gwei will be cheaper and easily accessible to all prices. They have been experiencing high prices for gwei for a long time.

BTC to 0, blockchain is hacked and BTC is destroyed, then I think cryptocurrency will also disappear forever, let alone ETH will be a substitute for BTC. This never happens, mate.
No matter how good ETH is, it can't beat BTC, BTC is too big for anyone to beat. Altcoins all depend on the volatility of bitcoin, bitcoin is red, no altcoins are green. I believe that if ETH2.0 succeeds and ETH gas fees drop significantly compared to competitors, ETH will have a new ATH that can target 5k$.

It must happen soon, otherwise Ethereum will continue to lose users until it's left behind in the dust. People are sick and tired of developers delaying the upgrade for practically no reason at all. I understand security/decentralization must be prioritized, but I think 3-4 years of wait is more than enough to bring something new and fresh to the platform. The constant network delays caused new projects with ETH's same features to emerge. Competing chains are now faster and cheaper to use for "De-Fi", making ETH a thing of the past (even though these chains are less reliable than ETH). People want convenience these days so they'll use the platform that better suits their needs.

As much as I'd want the PoS upgrade to happen on ETH, I don't think there will be a considerable reduction in gas fees within the short term. We're still going to have to wait until further scalability upgrades are implemented to experience a relief in our "pockets". At least, there are Layer-Two scaling solutions on the ETH blockchain. Not many projects support these solutions yet, but they will once gas costs become too high to bear. Who knows what the rest of the year holds for the world's second-largest cryptocurrency by market cap? Just my opinion :)

First of all, I want to understand this. What will happen when ETH 2.0 becomes available? I could not fully grasp what these renewals meant. Could you enlighten me on this, please?