[ANN] Ethereum: Welcome to the Beginning

[Sy]

https://medium.com/@sheinix/ethereum-2-0-is-getting-closer-a4381693e6ad

Give this article by sheinix a read if you like to know more about the upcoming phases of ETH 2.0 it helped me understand the rollouts bit better.

[1714935096]

1714935096

[1714935096]

1714935096

[zasad@]

https://twitter.com/0xstark/status/1278369273640091648
Josh Stark(C)

"halfway through 2020, total $ paid to use
@ethereum
 this year has eclipsed total paid in all of 2019

2020 YTD: $43.5 million
2019 total: $34.5 million"

[davide72]

They have hyped up ETH 2.0 for so long and made so many promises, I hope it is not going to have issues by the time they eventually launch.

ETH Scalability Isn’t Going to Be an Issue Soon, Suggests Vitalik Buterin

Ethereum 2.0 will eventually facilitate up to approximately 100,000 transactions per second.

https://cointelegraph.com/news/eth-scalability-isn-t-going-to-be-an-issue-soon-vitalik-buterin-posits

Even if problems were encountered, I am sure they will be solved, we must not be pessimistic, we hope that everything will still work for the best

[JollyGood]

Problems should not occur, the ETH team have dragged this out for too long so by the launch they launch they should have all angles covered to ensure all goes smoothly.
 

Even if problems were encountered, I am sure they will be solved, we must not be pessimistic, we hope that everything will still work for the best

[Sy]

https://twitter.com/0xstark/status/1278369273640091648
Josh Stark(C)

"halfway through 2020, total $ paid to use
@ethereum
 this year has eclipsed total paid in all of 2019

2020 YTD: $43.5 million
2019 total: $34.5 million"

This is for the gas fees, right? Damn! that's a huge amount as the author of the tweet said even if we subtract the 5M gas fees that were sent for an unknown reason 2020 is still well ahead and there's still about 4 months left in the year lol.

[zasad@]

https://twitter.com/0xstark/status/1278369273640091648
Josh Stark(C)

"halfway through 2020, total $ paid to use
@ethereum
 this year has eclipsed total paid in all of 2019

2020 YTD: $43.5 million
2019 total: $34.5 million"

This is for the gas fees, right? Damn! that's a huge amount as the author of the tweet said even if we subtract the 5M gas fees that were sent for an unknown reason 2020 is still well ahead and there's still about 4 months left in the year lol.

5.7 million gas fees

1. Ethermine transferred the 100 % received ETH to the miners.
https://twitter.com/etherchain_org/status/1272425639673462784

2.F2pool transferred the 10 % received ETH to the miners, 90% returned back
https://blog.f2pool.com/en/announcement-en/handling-of-abnormal-eth-tx-en

3.Spark Pool transferred the 100 % received ETH to the miners.
https://twitter.com/sparkpool_eth/status/1272810004324601857

I assume that commissions on the ETH network will grow until the launch of phase 1. 
The nearest hard fork Berlin is trying to increase the TPS of the network, but the demand for transactions far exceeds the capabilities of the network.
https://etherscan.io/chart/tx

[Sy]

Unless they scale the network significantly in the upcoming berlin hardfork we can expect the transactions to keep piling up as off now there are still 135k+ transactions that are pending on ethereum.

[zasad@]

Developer Justin Drake called the most realistic launch date for Ethereum 2.0
https://forklog.com/razrabotchik-nazval-naibolee-realistichnuyu-datu-zapuska-ethereum-2-0/
https://www.reddit.com/r/ethereum/comments/ho2zpt/ama_we_are_the_efs_eth_20_research_team_pt_4_1

"All the above cannot happen in Q3 2020. With Thanksgiving on November 26 and the December holidays I'd say the latest practical opportunity for genesis in 2020 is mid-November, 4 months from now. As such, I'm now inclined to say that the earliest practical date for genesis is something like January 3, 2021 (Bitcoin's 12th anniversary)."

[U]

eth2 will wait all competitors.

[Sy]

Developer Justin Drake called the most realistic launch date for Ethereum 2.0
https://forklog.com/razrabotchik-nazval-naibolee-realistichnuyu-datu-zapuska-ethereum-2-0/
https://www.reddit.com/r/ethereum/comments/ho2zpt/ama_we_are_the_efs_eth_20_research_team_pt_4_1

"All the above cannot happen in Q3 2020. With Thanksgiving on November 26 and the December holidays I'd say the latest practical opportunity for genesis in 2020 is mid-November, 4 months from now. As such, I'm now inclined to say that the earliest practical date for genesis is something like January 3, 2021 (Bitcoin's 12th anniversary)."

That seems like a more realistic date right now. Many users on crypto twitter agree that ETH 2.0 won't be arriving before 2021. If that happens that could give us a good entry point to increase the bag IMO

[jasta more]

Eth 2.0 won't happen until new bull market simple as that

[zasad@]

Vitalik reacted to the message in the reddit

https://www.reddit.com/r/ethereum/comments/ho2zpt/ama_we_are_the_efs_eth_20_research_team_pt_4_10/fxj3vfu/

"FWIW I personally quite disagree with this and I would favor launching phase 0 significantly before that date regardless of level of readiness
..
So on the whole I see no reason to take more time for the eth2 phase 0 launch cycle than we did for the eth1 launch."

[zasad@]

https://twitter.com/preston_vanloon/status/1281609559988006912/photo/1
ETH2 decision making..

[benthach]

haha lol guys u crazy eth soon 160-200$
btc 7666$

good prediction! btc actually down to around $3800 in march/april

[JollyGood]

Can anything he says be taken seriously? He said many things before right..?

Vitalik reacted to the message in the reddit

https://www.reddit.com/r/ethereum/comments/ho2zpt/ama_we_are_the_efs_eth_20_research_team_pt_4_10/fxj3vfu/

"FWIW I personally quite disagree with this and I would favor launching phase 0 significantly before that date regardless of level of readiness
..
So on the whole I see no reason to take more time for the eth2 phase 0 launch cycle than we did for the eth1 launch."

[Fluttershy]

Can anything he says be taken seriously? He said many things before right..?

Vitalik reacted to the message in the reddit

https://www.reddit.com/r/ethereum/comments/ho2zpt/ama_we_are_the_efs_eth_20_research_team_pt_4_10/fxj3vfu/

"FWIW I personally quite disagree with this and I would favor launching phase 0 significantly before that date regardless of level of readiness
..
So on the whole I see no reason to take more time for the eth2 phase 0 launch cycle than we did for the eth1 launch."

We can't believe anything they say lol. They keep changing dates every time we get closer to a launch date. Will see what new excuse will they come up with if they decide to delay again.

[the_thing]

Launch Date For Ethereum 2.0 Testnet to be Announced Monday so I guess we are finally going to get a release date for the Ethereum 2.0 testnet. Waited too long hopefully no more delay.

[JollyGood]

Hopefully this testnet release date will go ahead and once it finally does I hope it does not change.

Launch Date For Ethereum 2.0 Testnet to be Announced Monday so I guess we are finally going to get a release date for the Ethereum 2.0 testnet. Waited too long hopefully no more delay.

[qoober]

Ethereum (ETH) is good cryptocurrency. Hope they can release 2.0 version in time

[poornamelessme]

Launch Date For Ethereum 2.0 Testnet to be Announced Monday so I guess we are finally going to get a release date for the Ethereum 2.0 testnet. Waited too long hopefully no more delay.

Seems kind of silly though to make an announcement about a future announcement of a testnet release... which simply means it'll still be like 4 months (if it works) before phase 0 of a multi-year process to get to 2.0.

It'd be like an author making a pre-announcement about the date he plans to announce the font he is choosing to use when writing his book. I guess it at least means progress is being made, but still, seems kind of underwhelming.