Ethereum update

[guydin]

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 fork will happen. Ethereum core innovation is the transition to a new proof-of-stake algorithm. Additionally, the sharding solution used in the system will be updated. Due to this, participants will be able to scale faster and more efficiently.

It is planned that Ether 2.0 will be able to process faster in the system, and the number of transactions per second will be increased greatly.

[timoshani]

I think the new version of Ethereum will be more attractive for investments and maybe this step will give a new life for this cryptocurrency from TOP. I read about ETH 2.0 and if 25% of promising will be realized we'll see a big trust from many companies in other altcoins.

[bigcash2011]

Just imagine all these Eth upgrades and improvements coming and these will be implemented and completed by early 2020 then just keep in mind the biggest event of btc halving in quarter 2 of 2020 and then recall the bull run of last post halving season, all these indicate that right now it is the best time to accumulate more and more eth and btc because super bull season is coming in few more months time and im sure that patience is going to pay big time.

[leatutz]

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?

Fork version already we got in this year, so there will be no others fork this year. By next update, automatically Ethereum will be update. Low possible to pass KYC to use Ethereum. Need update for fast transaction and low cost as others blockchain.

[SirLancelot]

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.

Why are they operating it like a Ponzi scheme, how can they burn people's coin without their knowledge, this is how many of these projects fail and they don't meet up to the standard of bitcoin. when bitcoin was created, there were many people that bought at the early stage and never take a look back until years later, if bitcoin has done what Ethereum intends doing, would there have been smile on people's face today, would those people who told their story on how bitcoin change their lives and through their testimonies attracted others, would they have been attracted to bitcoin?

Ethereum should please come up with another option please, because like me, I hardly check on my investment and i never even knew about this not until you said it, but how many people would know.

[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?

Thanks, didn't know that. Thereby next year ethereum community will find itself on the verge of splitting and will be dealing with two ETH branches i.e. POW and POS, isn't it?

I do not know. However, I predict that some of the miners might organize something and find a new development team to hardfork to their own version of Ethereum where they can continue mining.

[leetcoiner]

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?

in my opinion ethereum will only be automatically updated, because if you look at this time the volume of ethereum is very large and if you have to deposit funds to get the latest ethereum maybe a lot of ethereum owners have obstacles. and kyc might not be a problem

I do not believe that Ethereum this time can successfully establish its network in timelines. I think that only in 1-2 years will we see the final update.

[bustedsynx]

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?

Yes, there is a planned upgrade in 2020. Of course, there will be a hardfork. But you are asking the wrong question. A hardfork can be smooth with all participants jumping on the new network configuration. While a contentious hardfork may create a separate network like in the case of ETH classic.

KYC is usually enforceable in fiat gateways or centralized services, not decentralized networks.

[timoshani]

There will be no KYC to receive future ETH  hardfork if there will be any. Requesting for KYC to receive a decentralized forked coin is just another scam. As for the upcoming eth upgrade, there will be no new coin created.

Where did you get such information? If posible please give url into a website which describes all these moments. I think the hardfork from Ethereum will be same successful as the first hardfork from Bitocoin. I mean a BitcoinCash

[UniversityCoin]

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?

You will not need to do anything, your old Ethereum will instantly become the new Ethereum 2.0. And on your wallet there will be new coins that for the average user will not differ in anything. Only specialists will understand what happened after the network update.

[veleten]

They will just upgrade ETH network and they promised to do following: to reduce the miner rewards by 50 percent, to increase the transaction speed and to lower transaction fees. If everything would be realised it could help ETH to finally raise in price.

if I were you I would not be too sure about the price rise
Vitalik has promised us one thing , but it seems like etherium didn't deliver , so they are trying to relaunch it with POS and block halving
it is possible that even if everything goes as planned , there will be no price increase and a substantial risk of failing if things go wrong
maybe another Kriptokitties happen to stall eth blockchain to a halt again or simple tech difficulties
I would not store my coins in etherium and suggest you don't as well

[kramchers]

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! you are right, Ethereum was updated before early this year.
But the Eth 2.0 is not yet completely running.
They just had the fork and update some but we are not yet running in full 2.0 mode.
And that is what we can hold on this token.

[bbc.reporter]

I shake my head on Wei Tang's comparison of Ethereum and Microsoft Windows. For Microsoft it is alright for them to do upgrades in their software that are not backwards compatible because their users in total do not hold billions of dollars of their cryptocoin.



Parity developer, Wei Tang, has raised concerns about one of the improvement proposals, Ethereum Improvement Proposal 1884. This “will break at least a few deployed contracts,” he tweeted, continuing that “what worries me is that some participants on last AllCoreDevs seem to classify it as acceptable behavior.”

He goes on to say:

For software engineering, if you’re developing something that many people depends on, then backward compatibility is one of the top priorities for making any design decisions. This is especially important for blockchain, because a lot of money can be involved.

While Tang’s concerns may seem valid, there is, of course, a counter-argument that obsessing over backward compatibility is counteractive to progress.

Tang makes the example of Microsoft’s Windows gaining popularity because of backward compatibility. Whilst it may have gained popularity in this period, it arguably fell into a technological black-hole.

Apple’s insistence on allowing old-tech to fall into obsolescence was (and still is) widely criticized. However, it took Microsoft years and many iterations of Windows before it caught up to the advances of Apple’s OS X, losing backward compatibility on the way.

Read in full https://bitcoinist.com/ethereum-istanbul-hard-fork-how-important-is-backwards-compatibility/

[coinporch]

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.

what is the reason if KYC for users is okay mate ? i believe no KYC to get ETH 2.0
because its far away from the main purpose why cryptocurrency was created buddy

[nur rochid]

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.

what is the reason if KYC for users is okay mate ? i believe no KYC to get ETH 2.0
because its far away from the main purpose why cryptocurrency was created buddy

for the withdrawal process on the exchange, sometimes the exchange that provides ethereum 2.0 will require kyc. if it is not verified, then we cannot withdraw our assets. but I don't think kyc is really needed to get ethereum 2.0

[DarkDays]

You guys are going to be waiting much longer than 2020 for this to ship. Just think how long they have been delaying the sharding update, proof-of-stake, zk-Snark integration etc.

Until Ethereum does something to fix its bloat, there's really no point wasting your time looking at it. Unless you want to waste money paying gas for expensive smart contracts!

[leetcoiner]

I also think that we will see the updates of Ethereum only after 1-2 years. Large players must now buy a lot of Ethereum and other Altcoins.

[barbara44]

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.

what is the reason if KYC for users is okay mate ? i believe no KYC to get ETH 2.0
because its far away from the main purpose why cryptocurrency was created buddy

Frankly speaking, I would not even be happy if Ethereum does not introduce kyc in their Ethereum 2.0 because this same decentralization is what Ethereum has been banking on that is making them have lots of scammer that are raising bad projects through their platform, so to me, enough of all these third party coins anonymity, let bitcoin be the only anonymous coin that we have.

There is need for Ethereum to introduce KYC so that all these scammers and bad developers can easily be traced when regulation comes in, I am quite sure that in future, Ethereum will have no choice because government is going to impose it on them, if we want them to regulate the cryptocurrency sector to clean it of every bad people that is destroying its reputation on daily basis.

[desticy]

I believe that, as mentioned earlier, 2019 will be the year of coin accreditation at all levels. Ethereum for me is a coin of the first level, so I am sure that in 2020, after the update, it will see rapid growth.
Although, I contradict myself, but  I will add that the market is unpredictable, and to be 100% sure of something is impossible. The market is being manipulated, and very strongly, volatility does not play into the hands of everyone. The growth in 2020 is quite real, provided that 2019 ends in some recession.

[pundit]

Ethereum is the best network in blockchain in my opinion, I traded ETH when it was at $ 20 and saw it till $1400. I believe there is no need to launch ETH2 and that will not be done as per update from one of fellow member on this thread. ETH is widely used, may be it can surpass BTC,trust ETH is the fastest network widely accepted as of now. Keep holding ETH, it will fly soon.