What will happen to Ethereum after the release of ETH2.0?

[takngantuk]

1. ETH miners will become obsolete because the system is changing from Proof of work to Proof of stake.

2. The gas fee is expected to reduce a lot, atleast by 100 times as per theirr prediction because the transaction per second is going to be hiked.

3. More projects may prefer ethereum back again because of the decentralized nature unlike BSC.

in general, what you say is true. there will be a change of consensus from POW to POS, which will have a big impact on the ethereum mining ecosystem. Block capacity is also increased, this will affect transaction fees and speed. but for the third, it doesn't seem right. because even though eth2.0 was launched there are many other good networks too. that means ethereum is not the main choice now.

[Reid]

1. ETH miners will become obsolete because the system is changing from Proof of work to Proof of stake.

2. The gas fee is expected to reduce a lot, atleast by 100 times as per theirr prediction because the transaction per second is going to be hiked.

3. More projects may prefer ethereum back again because of the decentralized nature unlike BSC.

in general, what you say is true. there will be a change of consensus from POW to POS, which will have a big impact on the ethereum mining ecosystem. Block capacity is also increased, this will affect transaction fees and speed. but for the third, it doesn't seem right. because even though eth2.0 was launched there are many other good networks too. that means ethereum is not the main choice now.

Maybe. It may become a house of the rich if the staking process will just be profitable for those who carries big amounts and the usage had been forgotten. I am hoping for the normal to be back. Smart contract - cheap and fast transaction - good output. But as you said, the competition now is higher than it was first announced especially in the ICO era where most of the projects are using Ethereum as the top option or because there is none yet and it's the easiest way to create an offering.
Now NFT projects are choosing either BNB or they will create their own chain like what most games does now.

[RiskySanchez]

Everyone has realized that Binance smart chain is better than the Etherum network, especially the metaverse and many NFTs have adapted BEP20 as a network bridge.  so far ETH 2.0 is still an issue that is being discussed but not sure what blockchain technology was developed other than the reduced gas fee. when it comes to gas fees, Solana, BSC, and Avax have already become champions for their performance in the new project. I hope ETH 2.0 update will have a positive impact because before that I always used the ETH network and making market crypto hype again with new update

[Coyster]

That update should address all its problem or at least the major problem under their network, ETH can't stand by just depending on its hype as the top altcoin because if they didn't care on this and can't resolve the problem, bigger things will come and some altcoin can really replace ETH on top. Well, update should bring positive news into the project, I expect nothing but the best, especially on addressing the fees issues. It is indeed the popular cryptocurrency next to Bitcoin, we can't just be so sure in the future.

In my opinion, I do not think the update will bring so much will change immediately, also mind you that the ethereum network has established a sort of dominance in the altcoin market that is going to be very difficult for another altcoin to surmount, it's not just hype, investors actually believe in the ethereum network and it will continually grow, it's also a coin that's sustainable for the long term, thus the more reason why it'll continue to allure investors. Having said that, the problem of high fees wouldn't just disappear as a result of the new update, of course high fees is one reason people look away from ethereum, and it's something they must work on correcting, but it's not just going to happen spontaneously as many people want it to.

[Kunotcoin]

Honestly, I have no idea about it! If what happened to Ethereum Network after that so-called Eth. 2.0 will be completely released, it is hard to predict, and hoping that it will help a lot. just like what happened in the EIP-1559 implementation it brings false hope, many are predicted that it will be the answer to solve the expensive transaction fees. some are saying it's a game-changer but now what? that's why it's better to leave that question hanging and just wait and see. 

[Google+]

Honestly, I have no idea about it! If what happened to Ethereum Network after that so-called Eth. 2.0 will be completely released, it is hard to predict, and hoping that it will help a lot. just like what happened in the EIP-1559 implementation it brings false hope, many are predicted that it will be the answer to solve the expensive transaction fees. some are saying it's a game-changer but now what? that's why it's better to leave that question hanging and just wait and see. 

ETH 2.0 also won't help much with transaction gas fees because basically any coin that's already very expensive, obviously will always affect its transaction gas fees on the network, so that's the basic rule for Ethereum as well as for other coins.

[jostorres]

Personally, I believe that after the launch of ETH2.0, Ethereum will end, I will explain: now there are a huge number of cool L1 blockchains in which, according to their characteristics, are already much better than ETH2.0, for example (Solana, NEAR, Polygon, Avalanch), and all these  blockchains have a bridge with Ethereum, so when ETH 2.0 are launched ,projects from the Ethereum Ecosystem will have to choose whether to launch them on ETH2.0 or use bridges and switch to better blockchains, and I think that they will decide to switch to other blockchains, and  we will see how projects such as Avalanche, Near Protocol, Solana, Polygon will start replenishing every day with new projects from the former Ethereum ecosystem

I am guessing that it will rise. Why do many people doubt ETH 2.0 is beyond me. Right now it is clear that many GPU miners end up buying their GPU and make a debt or at least want to recover that, and they also spend awful lot on bills as well since it consumes so much energy, which means those bills and the total investment needs to be recouped somehow, but how? Simply by selling the ETH they are mining, or any other coin of course but usually ETH seems to be favored.

In this case we are talking about ETH being staked and not mined, there is no GPU that needs to be bought, and there is no bill that needs to be paid. In return there are no more selling of ETH to cover these miners greed. Because of these two very important reason, we will have people buying and not just paying the bills with it and the price should be increasing highly thanks to it.

[llecrf]

Honestly, I have no idea about it! If what happened to Ethereum Network after that so-called Eth. 2.0 will be completely released, it is hard to predict, and hoping that it will help a lot. just like what happened in the EIP-1559 implementation it brings false hope, many are predicted that it will be the answer to solve the expensive transaction fees. some are saying it's a game-changer but now what? that's why it's better to leave that question hanging and just wait and see. 

I support any progress that can bring a lot of changes in the crypto space, if you look at the recent notifications, ethereum Altair is in a good stage of progress, we just have to wait and be patient because once the Beacon chain is active, then new history will come with improvements It is hoped that transaction fees will low if beacon chain active
https://genesisblockhk.com/transition-proof-of-stake-ethereum-2-beacon-chain-altair-upgrade/

[josephdd1]

Even if Ethereum 2.0. reduces gas fees, I think that there will be investors who will continue working on alternative chains such as Polygon, BSC, Near, Avalanche as they have already created their own ecosystems with many good projects. I hope that ethereum 2.0. will not influence a lot on Etheruem's security, but it is also possible that it will become lees secure then.

[cryptoaddictchie]

Even if Ethereum 2.0. reduces gas fees, I think that there will be investors who will continue working on alternative chains such as Polygon, BSC, Near, Avalanche as they have already created their own ecosystems with many good projects. I hope that ethereum 2.0. will not influence a lot on Etheruem's security, but it is also possible that it will become lees secure then.

Thats true. Some here or any degen already move out on ethereum and proceed to a new ecosystem. As far as I can see that's the best way to support other chains and boost another player that might be a good alternative for ethereum. But I am still using eth as its really a friendly ecosystem it's just problem is the fee and removed that it will be good again. But scalability is really hard to do as many people using the network.