Will Ethereum 2.0 Pulls Up Ether?

[joelsamuya]

Despite the slow growth of the Ether, I remain a strong believer in this digital asset. There are some people who have already disillusioned with this cryptocurrency platform claiming that it is not anymore the way it should be and that the leadership of Vitalik Buterin is not doing enough in the face of many challenges the network has to work on.

Now, the platform will soon be unleashing the Ethereum 2.0 which many expect can finally pull out the whole ecosystem from the block hole it is in. Do you think this can be the answer we are looking especially on the question/concern of scalability?

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[TGD]

it depends whether the upgraded version will really resolve scalability problem or not. If the new version become successful then there is a high chance that the price will skyrocket since it will make transaction faster and cheaper that will result to mass adoption. there is also FOMO in crypto space so it will really give impact on the price.

[asriloni]

Yes, I think Some security and scalability updates will have implemented through ethereum 2.0 but I still feel doubt whether there will be a new token and new blockchain that will be running in the future.
Remember the Istanbul update is not the major update but it will bring us even closer to the ethereum 2.0
I thought that this article will tell you a lot about that
https://coinrivet.com/ethereum-istanbul-hard-fork/

What im looking for to see what will be the result of the ethereum POS transition. That will be a very interesting thing to see.

[Rhaizan]

only speculation but no guaranteed it will happen.  its only depend to vitalik how they think ETH 2.0 can help the market.

[DaMut]

This upgrade should solve the scalability issue temporary, they are going to launch Plasma and Raiden on Ethereum 2.0 network. This Plasma is the same as Bitcoin lightening network but it is on ETH network and Raiden is off-chain solution.
those 2 might bring a significant change in ETH transaction speed that could raise its value and address the issue. Do not forget other than scaling, ETH is going to make the transition to PoS which will increase the demand for doing the staking.

[Bttzed03]

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Do you think this can be the answer we are looking especially on the question/concern of scalability?

It remains to be seen but the upgrade is suppose to answer those scalability question/concern. To be honest, I really want eth 2.0 to succeed.

I remember reading few days ago that Eth developers have no clear plan on the transition from eth 1 to eth 2. It's good that Vitalik immediately addressed those issues.

Going on, Buterin said “suppose that phases 0-2 have happened” in the Serenity transition and that “the eth2 chain is stably running.” He explained that during this period the Ethereum 1.0 chain will still be running too, though when the time arrives ETH 2.0 validators will choose a final ETH 1.0 block. That block and everything before it will become a subsystem, i.e. an execution environment (EE), in ETH 2.0.

As such, that means while the original Ethereum chain will “eventually … die off,” the Ethereum 1.0 system will live inside Ethereum 2.0 forever.

[Coin_trader]

only speculation but no guaranteed it will happen.  its only depend to vitalik how they think ETH 2.0 can help the market.

It does not really depend to vitalik but I agree he is a huge factor to be considered. The major factor here is the Ethereum 2.0 itself. If it is a success then surely many people will be hype and by ETH that will cause the price surge.
If the update is garbage then don't expect any price movement right after the release of the new version but I have high hopes to Vitalik work since the beginning.
I'm expecting ETH will reach again 0.1BTC each on this upcoming update.

[btc_angela]

It there is a hype on ETH 2.0 then it can pull up the price of ethereum next year. I mean this is the much touted solution to their scaling issues and many eth investors are waiting for this for a long time. However, we will have to see, timing is bad, we are still in the bearish market so I do hope that when they go live we will see some semblance of a bull run. Because if etc created a hype on this release I'm sure most alts will follow as well, so it's going to be interesting in 2020 (plus there is BTC block halving).

[Red-Apple]

Despite the slow growth of the Ether,

you mean the 2 year decline?

Now, the platform will soon be unleashing the Ethereum 2.0 which many expect can finally pull out the whole ecosystem from the block hole it is in. Do you think this can be the answer we are looking especially on the question/concern of scalability?

the 2.0 thing is just a buzzword they are putting out in the media so that they could milk it later one with a pump attempt otherwise there is nothing that could save a centralized broken crypto platform like ethereum from its eventual demise.
all they could do is pump it for a little while before the unlimited supply shows itself again and it starts dumping again.

[confreslamp]

In my opinion this would be the last hope for ETH, because the fact that ETH costs below 0.02 BTC is very surprising, but if investors would not push ETH forward, in a few years, the biggest altcoin can simply die off.

[NathanJB]

Despite the slow growth of the Ether,

you mean the 2 year decline?

Now, the platform will soon be unleashing the Ethereum 2.0 which many expect can finally pull out the whole ecosystem from the block hole it is in. Do you think this can be the answer we are looking especially on the question/concern of scalability?

the 2.0 thing is just a buzzword they are putting out in the media so that they could milk it later one with a pump attempt otherwise there is nothing that could save a centralized broken crypto platform like ethereum from its eventual demise.
all they could do is pump it for a little while before the unlimited supply shows itself again and it starts dumping again.

That Ethereum design which makes its supply unlimited could really be a mind-changer for a lot of crypto, even Ethereum, supporters themselves. That goes against the ideal set-up which is being pursued by almost all crypto projects, that they are going to exert efforts to cause a higher demand of a coin with a limited supply. Following an economic principle, if successful, that is going to push the price higher as well. But such efforts might simply go to waste if along with the rising demand is also the rising supply. There is no price improvement in this case.

But make no mistake, Ethereum for me is playing a vital role in the improvement of blockchain and crypto. I hope for a successful Ethereum 2.0. 

[o48o]

Despite the slow growth of the Ether, I remain a strong believer in this digital asset. There are some people who have already disillusioned with this cryptocurrency platform claiming that it is not anymore the way it should be and that the leadership of Vitalik Buterin is not doing enough in the face of many challenges the network has to work on.

Now, the platform will soon be unleashing the Ethereum 2.0 which many expect can finally pull out the whole ecosystem from the block hole it is in. Do you think this can be the answer we are looking especially on the question/concern of scalability?

Vitalik Buterin is not tackling these problems alone, so i think it's strange to claim that he might not do enough about them as a front man of the Ethereum. But i have absolutely no doubt that they can fix the scalability issue because while i've been now following this, the fud against eth 2.0 is just mainly just that - a fud.

[allwelder]

Vitalik today joined a VC Capital conference held in Beijing,many big money will flow into ETH IMO.
Ethereum 2.0 is another factor to attract new investors.

Every time Vitalik discuss with China big VCs at the bottom of ETH trend,it's good time to buy.

[CryptoBry]

Now, the platform will soon be unleashing the Ethereum 2.0 which many expect can finally pull out the whole ecosystem from the block hole it is in. Do you think this can be the answer we are looking especially on the question/concern of scalability?

I have some Ether coins therefore I am biased to say that I am expecting some good growth of the whole Ethereum network with the coming big upgrade. Just like Bitcoin, I am seeing that there can be a building up of the hypes and FOMO for Eth starting January 2020 which can be helping the price of the coin to slowly go up. Above all, the planned Ethereum 2.0 should be effectively bringing in the changes we all want to happen, otherwise the coin will really have a big problem. I have a solid faith and truth that the leadership of Mr. Buterin can be playing a very critical role for the very pivotal phase of this cryptocurrency. With Ethereum, it is 2020 or never!

[bassbity]

Vitalik today joined a VC Capital conference held in Beijing,many big money will flow into ETH IMO.
Ethereum 2.0 is another factor to attract new investors.

Every time Vitalik discuss with China big VCs at the bottom of ETH trend,it's good time to buy.

I don't know this news about Vitalik in Beijing, can I tell you the link to the article? I will read in detail again. I want to know what conference they are discussing about Ethereum 2.0, interestingly, there is a big investor who enters Ethereum IMO that you say.

[Aabcde]

Does the update later can solve the current problem (scalability) or it has absolutely no effect? If it can be resolved, automatic transactions will be faster and cheaper, of course. Up or down Ethereum value depends on the results of the 2.0 update later. It will be HYPE when the time is come. What is clear is that ethereum has a clear future.

[allwelder]

Vitalik today joined a VC Capital conference held in Beijing,many big money will flow into ETH IMO.
Ethereum 2.0 is another factor to attract new investors.

Every time Vitalik discuss with China big VCs at the bottom of ETH trend,it's good time to buy.

I don't know this news about Vitalik in Beijing, can I tell you the link to the article? I will read in detail again. I want to know what conference they are discussing about Ethereum 2.0, interestingly, there is a big investor who enters Ethereum IMO that you say.

No English news report released now,soon.
https://new.qq.com/omn/20191014/20191014A0MUSH00.html
But many pictures release.
Vitalik meet with Sequoia Capital,Dragonfly Capital,Meituan CEO,Dianping CEO,and so on.

[rahmatullah9305]

Adding more nodes does not increase network scalability because each node needs to verify each transaction. Increased use of the Ethereum network, including the creation of more Dapps and implementation of more transactions, has led to an increase in the time and cost of ongoing transactions. This makes the Ethereum network slower and less convenient to use.

[allwelder]

Adding more nodes does not increase network scalability because each node needs to verify each transaction. Increased use of the Ethereum network, including the creation of more Dapps and implementation of more transactions, has led to an increase in the time and cost of ongoing transactions. This makes the Ethereum network slower and less convenient to use.

Adding more nodes to change from PoW to PoS.
ETH 2.0 is mainly about sharding for scalability,so computation/verificaiton work are divided to different nodes at the same time in order to increase speed.

[dfktynby1004]

Today it is useless to talk about this topic. All assumptions can be false. We all hoped that after the adoption of BAKKT a lot can change but today we see that this project is ineffective and it has not made any positive changes. The same fate can befall Ethereum 2.0 but in case of failure it will be a fatal blunder for Vitalik Buterin and his team.