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Author Topic: Ethereum 2.0 is coming soon  (Read 1256 times)
Redenom (OP)
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November 02, 2018, 02:40:17 PM
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Ethereum 2.0 is coming soon, and it could increase by a thousand fold the Ethereum network’s capacity to process transactions.
Vitalik Buterin, the cofounder of Ethereum who represents the world’s second-largest blockchain, has shared in Prague this week, the new upgrade formerly known as Ethereum 2.0, called  Serenity, and has  promised to make the network faster, more secure, less energy-intensive, and capable of handling thousands of transactions per second.
At the annual Ethereum developer conference in Devcon, Buterin reported the twisting path that efforts to upgrade the network have taken. Buterin and his coworkers were forced to recalibrate their timeline for development, as they got delayed with distractions like the infamous DAO hack, which led to a network split that Buterin compared in his talk to the Hindenburg disaster. They also found themselves pursuing overly complicated dead ends such as “super-quadratic sharding.”
According to Buterin Serenity will see Ethereum finally switch from proof-of-work to proof-of-stake, a model in which people and organizations holding ether will “stake” their own coins in order to maintain the network, and will earn block rewards for doing so. In 2018, Ethereum’s core developers decided to abandon the half-measures of the hybrid model they had been working on and instead set out on a path that would initially take longer, but would deliver “a proof-of-stake and sharded blockchain with the properties that we’re looking for,” said Buterin.
Serenity won’t be the final product of Ethereum developers. Issues of transaction fees and governance will remain, said Buterin. Along with other technical improvements, he and other core developers have already begun mapping out future tweaks to the proof-of-stake model.

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Sandus_Cryptolover
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November 02, 2018, 03:07:47 PM
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I look forward to having the integration done and the practical effect on the Ethereum blockchain. Eth has done terrible this year so far. If this upgrade pulls through then hopefully we should experience a spike.

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November 02, 2018, 07:19:50 PM
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I think the big question about Serenity is whether Ethereum can still be considered a decentralized cryptocurrencie at this stage. Other projects that use PoS only are still extremely centralized. Some with many powers for who owns enough coins. As is the case with EOS and NEO.

If they do, most of these other platforms will be irrelevant and will disappear. Either way we will have a bull run since many are trying to accumulate as much as they can while the price is so low.
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November 02, 2018, 07:29:57 PM
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I wonder how this news will affect the price of the ETH, I think it will extend its submission and at the end of the year we will see price ETH not $ 1000 is good if it will be $ 100!
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November 02, 2018, 07:40:41 PM
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Ethereum 2.0 is coming soon, and it could increase by a thousand fold the Ethereum network’s capacity to process transactions.
Vitalik Buterin, the cofounder of Ethereum who represents the world’s second-largest blockchain, has shared in Prague this week, the new upgrade formerly known as Ethereum 2.0, called  Serenity, and has  promised to make the network faster, more secure, less energy-intensive, and capable of handling thousands of transactions per second.
At the annual Ethereum developer conference in Devcon, Buterin reported the twisting path that efforts to upgrade the network have taken. Buterin and his coworkers were forced to recalibrate their timeline for development, as they got delayed with distractions like the infamous DAO hack, which led to a network split that Buterin compared in his talk to the Hindenburg disaster. They also found themselves pursuing overly complicated dead ends such as “super-quadratic sharding.”
According to Buterin Serenity will see Ethereum finally switch from proof-of-work to proof-of-stake, a model in which people and organizations holding ether will “stake” their own coins in order to maintain the network, and will earn block rewards for doing so. In 2018, Ethereum’s core developers decided to abandon the half-measures of the hybrid model they had been working on and instead set out on a path that would initially take longer, but would deliver “a proof-of-stake and sharded blockchain with the properties that we’re looking for,” said Buterin.
Serenity won’t be the final product of Ethereum developers. Issues of transaction fees and governance will remain, said Buterin. Along with other technical improvements, he and other core developers have already begun mapping out future tweaks to the proof-of-stake model.


Hello! good news! I think it now makes sense to buy Ethereum. Personally, I will do it)) I do not force anyone, I just share my opinion)) everyone decides for himself!
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November 02, 2018, 07:48:29 PM
 #6

If Ethereum releases version 2, then that would be a revolution with cryptocurrency. Blockchain technology is developing very quickly so if ETH version 2, the market rate will increase rapidly. It is therefore advisable to invest in ETH at this time.


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November 02, 2018, 07:54:44 PM
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Wow. I'm shocked. To be honest, I just found out about it now and I'm just shocked. It really can turn the market over again, as then in the spring of 2017!

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November 02, 2018, 07:57:48 PM
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it is good news for users of course, also I hope it will not destroy ETH as usual, believe that ETH will  grow
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November 02, 2018, 08:05:32 PM
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I hope that the appearance of these improvements in ethereum will significantly increase the popularity, and at the same time the price of this coin. In addition, such positive events can move the market out of a state of stagnation and it can finally begin to recover, which we have long been waiting for. I would like this to happen as quickly as possible, because the nerves of holders of cryptocurrency and investors are at the limit.
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November 02, 2018, 08:25:49 PM
 #10

To be candid you just made my day, hearing this fantastic news about Ethereum 2.0, this will boost the and bring more new innovation on the network which will soar the price of cryptocurrency in the market. Is advisable to buy Ethereum and hold to maximize profit at the end, hoping to see another bull run on Ethereum and altcoin in general.

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November 02, 2018, 08:29:01 PM
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Its good to hear that i'm a lil bit excited about that i hope that the value of the currency is high
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November 02, 2018, 09:24:21 PM
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It is very interesting what will happen and how it will affect the crypto market.
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November 02, 2018, 09:34:46 PM
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if the vitaliк and the team can really implement this then ethereum will have a huge potential to become the first cryptocurrency on the market

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November 02, 2018, 09:40:54 PM
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I think the big question about Serenity is whether Ethereum can still be considered a decentralized cryptocurrencie at this stage. Other projects that use PoS only are still extremely centralized. Some with many powers for who owns enough coins. As is the case with EOS and NEO.

If they do, most of these other platforms will be irrelevant and will disappear. Either way we will have a bull run since many are trying to accumulate as much as they can while the price is so low.

I guess the whales and big players will be the ones who will do that. They will be incentivized to buy large amounts of ETH and keep/stake them to get the rewards. People who buy small amounts will prefer to sell at a higher price than stake, so those big players will keep buying more. Surely there will be a large concentration of coins in few hands.
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November 02, 2018, 09:48:11 PM
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I know that it was postponed to the first quarter of 2019. It will be a great improvement for Ethereum.
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November 02, 2018, 09:49:17 PM
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So, just to be clear Ethereum 2.0 is the upgraded version of Ethereum right? In this case, those who have  holding in Eth could still be affected with its price? Or am I just misunderstand the concept?
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November 02, 2018, 10:07:45 PM
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So, just to be clear Ethereum 2.0 is the upgraded version of Ethereum right?
Yeah, Ethereum 2.0 is upgraded version of Ethereum, its called Serenity

In this case, those who have holding in Eth could still be affected with its price? Or am I just misunderstand the concept?
In my opinion, those who have holding ETH still affected with the price and them will get stake/reward.

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November 02, 2018, 10:17:10 PM
 #18

The release is not really a guarantee that the price of ether will rise. I did Ethereum limited campaign. Is that not linked to ether too? Whatever is causing the fall, once it is rectified with or without an additional release, ether ill bounce bank. I really hope it does because it has really affected so much.

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November 02, 2018, 10:35:41 PM
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Increasing transaction speed a thousand times is a good move, of course, but the price of a coin is what interests you. Investors there even clap, maybe the price will jump later, we wait.
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November 02, 2018, 10:42:15 PM
 #20

Vitalik already announced new new Ethereum 2.0 but the price from it did not increase. Let's wait for succession of events now.

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