Ethereum update

[Ajibola123]

I heard Ethereum will be updated to Ethereum 2 in early 2020.
I would appreciate you if you answer my questions.
1. Will there be a fork like we had for bitcoin cash? Or we will have to deposit our Ethereums to an address to get ETH2 in a new address? Or our Ethereum will be updated automatically?
2. What do you think about regulations? Is it possible that we will be forced to pass KYC to get ETH2?

KYC for the user is okay but to my opinion i don't think it should forced.

[furball64]

I heard Ethereum will be updated to Ethereum 2 in early 2020.
I would appreciate you if you answer my questions.
1. Will there be a fork like we had for bitcoin cash? Or we will have to deposit our Ethereums to an address to get ETH2 in a new address? Or our Ethereum will be updated automatically?
2. What do you think about regulations? Is it possible that we will be forced to pass KYC to get ETH2?

This will be a regular update that will not spawn any hard fork or, in other words, network offsets. There will only be a technology update and a change in the mining method. With this update, Ethereum will be mined using POS mining and large node holders with a large amount of Ethereum will receive it.

[bbc.reporter]

@furball64. Ethereum 2.0 will not be a regular update. It will be a new platform coded from scratch.

I reckon that it might be a risk for Vitalik to do this because all the projects that were made on Ethereum might have a difficult task of migrating to the new platform.

[SirLancelot]

I heard Ethereum will be updated to Ethereum 2 in early 2020.
I would appreciate you if you answer my questions.
1. Will there be a fork like we had for bitcoin cash? Or we will have to deposit our Ethereums to an address to get ETH2 in a new address? Or our Ethereum will be updated automatically?
2. What do you think about regulations? Is it possible that we will be forced to pass KYC to get ETH2?

No forced to pass KYC, not in crypto market

With regulation in place, I bet that ethereum users too will at a point be forced to go into the kyc agreement irrespective of that fact that they are decentralized, there is absolutely nothing called regulation without the KYC because that is the basis of the whole regulation.

They might not be implementing it now because we have not really gotten a legal regulation that will be enforced by the government but in future when the government is ready for the regulation, then they will surely enforce it just like we have exchanges that has been seeking for regulation enforce it now. Ever since exchanges has enforced this issue of KYC, virtually everyone has complied with it already and nothing has been done about it, so nothing will still be done if ethereum enforces theirs too.

[bbc.reporter]

~

AFAIK, next scheduled hard fork is Istanbul that is expected to happen around November this year but it is still within framework of Ethereum 1.0. As to Ethereum 2.0 its zero phase i.e Beacon Chain is planned for the end of 2019 - beginning of 2020, also via hardfork  on the understanding that all ETH addresses remain valid;  KYC, this is not the case here.

Ethereum 2.0 will not be a hardfork. It will be a new platform not connected to the original Ethereum. What the users will do is transfer their wallets from Ethereum 1.0 to Ethereum 2.0 through a smart contract.

I shake my head at this. Why did Vitalik not release a proof of stake Ethereum from the beginning?

[Metall303]

there is no information about this yet, but I think it will be some kind of technical update without the appearance of new coins

[leftgirly]

The poor performance of  ethereum in recent times has really caused many people to lose interest in ethereum. The coming update on Ethereum is just a blockchain system update without any hard fork to improve service on it's blockchain network. This would really help bring back the interest of many altcoin holders in ethereum.

[bbc.reporter]

there is no information about this yet, but I think it will be some kind of technical update without the appearance of new coins

It is not an update. It is technically an Ethereum reboot because it is beginning a new blockchain with a new genesis block.

The users will transfer their coins from the old Ethereum 1.0 blockhain to Ethereum 2.0 blockchain through a one way smart contract.

[cryptofirm]

1. Will there be a fork like we had for bitcoin cash? Or we will have to deposit our Ethereums to an address to get ETH2 in a new address? Or our Ethereum will be updated automatically?
2. What do you think about regulations? Is it possible that we will be forced to pass KYC to get ETH2?

The fork was already completed back in Feb. 2019 (Constantinople). AFAIK there will be no "ETH2" coins that will be issued, it will be the same ETH since it's a network upgrade. I'm curious how the migration from POW to POS will be.

yes, maybe this is only an upgrade on ethereum network, thats mean we don't have to do anything
and in my opinion there will be no KYC for this

[mamahdedeh]

It looks like the plan will take place in early January 2020. Usually there are several exchangers or wallets that provide the service, and of course we must have an ethereum balance on the wallet, I think it will be announced before implementation, like the previous ETH hardflok plan, although it failed.
I hope the future plans can be successful, in order to lift investor confidence in ETH

[bbc.reporter]

@mamahdedeh. I predict that the delays in Ethereum 2.0's release will be worse than the SEC's approval of the bitcoin ETF hehehe.

1. Will there be a fork like we had for bitcoin cash? Or we will have to deposit our Ethereums to an address to get ETH2 in a new address? Or our Ethereum will be updated automatically?
2. What do you think about regulations? Is it possible that we will be forced to pass KYC to get ETH2?

The fork was already completed back in Feb. 2019 (Constantinople). AFAIK there will be no "ETH2" coins that will be issued, it will be the same ETH since it's a network upgrade. I'm curious how the migration from POW to POS will be.

yes, maybe this is only an upgrade on ethereum network, thats mean we don't have to do anything
and in my opinion there will be no KYC for this

There is certainly no KYC. The transfer will be done by you yourself through a one way smart contract to transfer your Ethereum 1.0 coins to the new blockchain of Ethereum 2.0.

[akungagal]

There is certainly no KYC. The transfer will be done by you yourself through a one way smart contract to transfer your Ethereum 1.0 coins to the new blockchain of Ethereum 2.0.

yeah, i think also like that.
indeed KYC will not be needed and many people have said that we don't need to do anything.

i really hope that this plan will succeed and will pump ethereum higher than it was a few years ago.

[nutriagrigia]

There is certainly no KYC. The transfer will be done by you yourself through a one way smart contract to transfer your Ethereum 1.0 coins to the new blockchain of Ethereum 2.0.

yeah, i think also like that.
indeed KYC will not be needed and many people have said that we don't need to do anything.

i really hope that this plan will succeed and will pump ethereum higher than it was a few years ago.

don't expect this sooner than the end of 2020. I doubt that even a bull run will be able to raise the price of ethereum as high as last year. without real technological advances, this is impossible

[digitalblock]

ETH 2.0 is very much expected. But most likely we will be forced to exchange our coins. If we don't change them, they'll burn. It is a pity that so Buterin relates to their community. I've heard a lot of information about it. We will not be able to use our ETH coins as Ethereum 2.0 plans to introduce a new kind of wallet.

[Emilyp]

I doubt if there will be any further fork as the fork happened early this year. Also the upgrade will not warrant new wallets, it's a means of scaling the Ethereum network further not to create a new chain.

[Kimonoe]

hopefully we are not forced to get ethereum 2.0. because what previously happened for the fork was a certain designated exchange. and if in the exchange must require kyc, to withdrawal, then we must follow it, and not from the ethereum party who kyc, which as far as I know is like that
I think if this event is carried out, ethereum will quickly increase

[Kvalentine]

I heard Ethereum will be updated to Ethereum 2 in early 2020.
I would appreciate you if you answer my questions.
1. Will there be a fork like we had for bitcoin cash? Or we will have to deposit our Ethereums to an address to get ETH2 in a new address? Or our Ethereum will be updated automatically?
2. What do you think about regulations? Is it possible that we will be forced to pass KYC to get ETH2?

ETH is a decentralized digital currency and you don't have to go through any KYC verification to hold ETH coins,the upcoming update is just a normal upgrade in the system,there will be no new coin or any form of hardfork or blockchain split,your Eth coins you hold in your wallet will the update automatically without sending it out

[prof7bit]

I heard Ethereum will be updated to Ethereum 2 in early 2020.
I would appreciate you if you answer my questions.
1. Will there be a fork like we had for bitcoin cash? Or we will have to deposit our Ethereums to an address to get ETH2 in a new address? Or our Ethereum will be updated automatically?
2. What do you think about regulations? Is it possible that we will be forced to pass KYC to get ETH2?

ETH is a decentralized digital currency and you don't have to go through any KYC verification to hold ETH coins,the upcoming update is just a normal upgrade in the system,there will be no new coin or any form of hardfork or blockchain split,your Eth coins you hold in your wallet will the update automatically without sending it out

I have a feeling that the team is addictive with the release of the update. You can now go on the process of accumulating Ethereum at a low price. And in the next year, Ethereum will already be more expensive than $ 500.

[rahmatullah9305]

Ethereum 2.0 will change the Ethereum work model from Proof of Work to Proof of Stake. Ethereum 2.0 will implement Sharting and will support Virtual Machines supported by Ethereum which support Ethereum to find out the number of Dapps. For developers, testnet provides a simulated version of the main network that allows them to intelligently use contracts or upgrade without having to pay "fees" (cost calculations) for their implementation.

[Nolimitz84]

I don’t know how the fork will happen, but today I saw the news that the update of the ethereum is postponed to a later date. Definitely KYC will not need to go through. As soon as they suddenly announce this, many will switch to using other coins.