ETH 2.0 And High Transaction Fees..

[Fivestar4everMVP]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

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[DarkbLue]

The base fee will reside at a set level, depending on network conditions, while the tip compensates miners for their work and can be increased to “skip” the transaction line – a nice feature of current blockchain networks that helps alleviate congestion.
Plus, there’s a fast-pass lane someone can pay for if they need to scoot in an emergency.

[passwordnow]

It won't be the death of Ethereum because if it fails to end the higher fees then it would just simply make another upgrade. An upgrade after another upgrade and that's going to be the next step if ever there's no seen improvement with 2.0.
But let's be patient and wait before we judge it and if there's really a failure with that upgrade, it's going to be the developers first who will take action on it.

[Lordhermes]

If it happens that ETH 2.0 fail to put an end to the network higher fee, the ethereum network would continue been on a good stream of services with high fee without crash on it. Currently now, ethereum fee on defi coins is extremely high while traders and investors are already acquainted with it, no matter any slight obstruction ethereum may cause, because of its stability in the crypto industry.

Every upgrade of any blockchain is meant to finalise and implement new features so I don't see the reason while ETH 2.0 will fail at some point, I can't imagine it not reaching it peak despite the fact that ethereum is the largest blockchain network, so its 95% that ETH 2.0 will succeed in coming to an end of incurring low transfer fee and other features into the network

[Yaunfitda]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

No, ETH will still exist and won't die, after all, it is the one of the prime movers in crypto, together with BTC. Perhaps new project will move to a new dapps, or existing one will do the same. But they have the leverage because they are first in the game. So we will have to wait what ETH 2.0 will bring and I'm sure the priority will be the high fees. Or maybe they will just create another off-chain mainnet to somewhat mitigate the network congestion.

[Coin_trader]

-snip

No, ETH will still exist and won't die, after all

Definitely ETH will still exist but its value will decay overtime since the only thing ETH holding is they are the first mover on this type of blockchain. But there are a lot of project that way ahead than ETH in terms of TPS which is the basis of the transaction fee on the blockchain. But I believe Vitalik will never let down supporters of ETH because he himself dedicates his life to this project.

If ever ETH v2.0 was failure, I'm sure that ETH will collapse this time.

[zasad@]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

If Ethereum 2.0 does not solve the problems, then all smart contracts will work on Ethereum 1.0.
Ethereum 2.0 has virtually infinite bandwidth and this capacity will depend on the number of shards on the network. It is planned to increase the number of these shards every year.
Ethereum is a global project and developers have no right to screw up.
Those who follow Ethereum understand that nothing is done quickly here

[blue Snow]

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

If ETH 2.0 implementing EIP 1559 proposal, it makes fee rates cleared, the user doesn't need to pay expensive fees when price come to fluctuating. this was explained by vitalic on paper, https://github.com/ethereum/research/raw/master/papers/pricing/ethpricing.pdf

So this means, I don't believe eth will fail reducing fee when next updated.

[samcrypto]

A higher fees means a slower transaction and the project might be affected because investor have to find the cheaper option.

A higher fees is quiet the problem every time we see the price pump not just on ETH. If the new update works for the purpose of limiting the fees then it will be good, but if not its hard to tell the next move of ETH. Look for good coins now with a lower fees, but still ETH can be better so don’t forget to hold as well.

[LogitechMouse]

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

Remember when Bitcoin's transaction fees has been surging to its ATH last 2017.
Yes they declaring Bitcoin dead at that time but it isn't because of the fees but because they just want to say it. In short, high fees of Bitcoin at that time doesn't mean that it is dead.

It is also the same with Ethereum. Having high fees doesn't mean that it will no longer be used since there are still many projects that are under the Ethereum blockchain. You can say that it is dead if they fail at its current development which is the ETH 2.0. Failure of the development means disaster for the coin itself.

[Teraboy]

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

It will not death as there will be more EIPs will be implemented if the ethereum 2.0 didn't meet the expectation to solve the scalability problem in ethereum. you can't say that will be dead instantly. Remember this problem exist since a few years ago when ico bubble happened in 2017.

People can also use the alternative chain for this too.

[TastyChillySauce00]

The thing is, if the high fee still unresolved after 2.0 and people slowly leaving eth, the high fee problem will solve itself and the fee will become normal again since there's no traffic. What we expect from ETH is to somehow come up with a solution to solve the scalability problem for mass adoption but whether ETH 2.0 gonna solve it or not one thing is for sure that ETH not gonna die.

[sheenshane]

The thing is, if the high fee still unresolved after 2.0 and people slowly leaving eth, the high fee problem will solve itself and the fee will become normal again since there's no traffic. What we expect from ETH is to somehow come up with a solution to solve the scalability problem for mass adoption but whether ETH 2.0 gonna solve it or not one thing is for sure that ETH not gonna die.

How sure about this you are? Eth will not die just because of high fees.

Yeah, the most anticipated event on Eth that most investors awaited is the version 2.0. But everyone was shocked when they saw that the transaction fee was so high just like Bitcoin. My theory is this, it goes the same network with Bitcoin. Due to the continuous expansion of Defi projects, the Ethereum network has become congested which makes fee higher that can able to pay miners in order the transaction gets confirmed.

Different arguments I had heard about the Ethereum fees, IMO, a fact that Ethereum and the smart contract that most likely Defi's project used are the technological foundations that people used for the payments and money transfer in a term of Decentralized Finance.

[skarais]

The thing is, if the high fee still unresolved after 2.0 and people slowly leaving eth, the high fee problem will solve itself and the fee will become normal again since there's no traffic. What we expect from ETH is to somehow come up with a solution to solve the scalability problem for mass adoption but whether ETH 2.0 gonna solve it or not one thing is for sure that ETH not gonna die.

The scalability issue had to be resolved quickly by ethereum developers as it would never be good if the price of gas was too high to be charged to sender for every transaction. Ethereum V2 may be a solution that can minimize gas prices, but the expansion of the defi project will continue to affect the network and will make it even more congested. The same thing might happen, congestion and expensive fee.

Ethreum will not be abandoned by users as an investment and trading asset, but as an altcoin that can be used as a peer to peer payment instrument, I think it will slightly affect its function.

[seoincorporation]

...
My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

If we had learning something about the high fees is that they don't kill the coins, people start complaining hard but they keep spending their coins. We learned that when bitcoin reaches $20k, in that moment the fees were epic.

And about ETH 2.0, there are tons of projects depending on ETH, it can't just die. If it dies then Tether and other important tokens will die too. That's why it will not happen.

[cabron]

I wouldn't wish for it to happen but it would be an epic to see how they will react to provide solution to it. Vitalik is surrounded with great brains though, the plans for back up could have been very much ready for it as well. ETH will still have a ton of users gong to keep congesting the network.

But is kitties still a thing today? I think its all forgotten now that Defi is the new sensation.

[jajorforce]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

Like Atomic wallet ERC-20 token, so many projects were switched to Binance chain or other blockchain then results were low transaction cost. For Ethereum 2.0 News, Ethereum use cases are increasing more than we expected. After Ethereum 2.0 transaction per second will be increased to 100k. That's how transaction cost will be low because ETH 2.0 will have a big data capacity.

[Tipstar]

Lower transaction fees is one of the goal for ETH 2.0. The new version of the coin would be using a new concept called shrading. I'm not an expert on it but as I understand shrading would make a transaction cheaper and quicker by making it happen with confirmation form just a few number of nodes and not the entire chain. For a detailed knowledge of how shrading would help solve the scalability problem of Ethereum, I'd recommend this article https://blockgeeks.com/guides/what-are-ethereum-nodes-and-sharding/

[cepot9]

I don't think anything will fail because this feature was created to solve network congestion due to transaction congestion. So DeFi is currently on the hype and a lot of people are doing transactions on the Ethereum network so fast that gas is expensive nowadays. After the DeFi hype it looks like gas prices will improve slightly. Yesterday the gas price was quite low and now it's starting to go up again.

[Baimovic]

The high cost of ethereum gas is still a big problem for crypto users, especially holders of coins generated from the ethereum platform. because not everyone can afford to pay the high gas costs especially if they want to convert their coins and it is not necessarily worth the selling price of the to Coins.

[KimmyF]

The high cost of ethereum gas is still a big problem for crypto users, especially holders of coins generated from the ethereum platform. because not everyone can afford to pay the high gas costs especially if they want to convert their coins and it is not necessarily worth the selling price of the to Coins.

Op didn't ask about the Ethereum cost problem. I think, OP asked after the situation transaction cost of Ethereum 2.0, if still the same. Ethereum TPS will increase to 5K-10K times faster than now. That's how Ethereum transaction cost will minimize. Users demand isn't being fulfilled by Ethereum blockchain transaction speed.

[el kaka22]

First of all, eth 2.0 should not only "can't fix it" but also should make it even harder, but we are still excited about it.
The reason for that is, staking is famously known to be slower compared to miners in the current methods, which means if you have high demand and pay a lot to miners, you would probably pay more to staking people as well, it will be very difficult and the price will be a lot higher.

What we are hoping is, if they turn into proof of stake one day (still waiting for it) they should also add something brand new that makes transactions faster and cheaper as well, with that method staking shouldn't be a problem, however if they turn into staking right away without a solution to high fees, it will definitely be a bit chaos and fees should skyrocket to unwanted and bad levels.

[Fivestar4everMVP]

Well well, I've read every comment and thanks to everyone for clearing my doubts, my reason for asking this question is that I've personally have been using ethereum for a very long time now, both for my business and as private investment and the high fees have really affected business, but am relaxed now waiting for Eth 2.0 to launch, hopefully, things will be alright again.

Thank you all

[Cryptlendon]

Please bring on the eth 2.0 I have spent so much on this fee,
Imagine sending 10 dollars worth of #BLZ to exchange and paid 5dollars for fee, I mean its very painful

[masterrex]

IMHO, I think the Eth 2.0 upgrade is not designed to tackle the transaction fees issues instead, it was meant to solve the scalability problems thats why I believe that even the Eth 2.0 upgrade was successfully delivered but still, it will not solve the transaction fees issues and it might be required another upgrade to tackle those unstable transaction fees, because in the current set up if you have to pay the more high fees (high Gwei) the faster your transaction to be confirmed.   

[FontSeli]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

It won't make much difference to me. If I need to, I still send transactions to the Ethereum network, despite the large fees. It all depends on what you can get by paying the Commission. If you earn much more, there is no problem.
Ethereum 2.0. is being developed for a very long time and to be honest, I have already lost hope that something good will be done. Most likely, the case will end in a big scandal.

[Viscore]

ETH 2.0 would be the solution, that is the reason why it exists. If this can't take things back to normal, then we have to accept it. Besides, this only happened today as Defi projects hit on the market, and it will be over pretty soon. Maybe we should have to wait that moment if we want to save a few bucks, otherwise, we have to sacrifice. If I have to move 1ETH for just 3$, 5$, it was still acceptable but the problem if we are just transferring a very small amount.

[drlukacs]

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

nope, Ethereum will never die due to the high transaction fees. on the Ethereum platform seems to have everything, a wide and very reputable grid array. temporary due to the large volume of transactions to DEXs and that is the reason why transaction fees become higher than ever.
Besides, in the near future, Ethereum 2.0 will open Staking and investors will be more profitable when implementing PoS because the current volume is very high. has always been in Ethereum's favor, they will just get richer

[Rafiqul]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

All of us who have been working with cryptocurrencies for quite some time are waiting for the rise of Etherium 2.0. We hope Ethereum 2.0 will solve the latest problems, especially Ethereum's high transaction fees. And if it doesn’t or it fails, crypto users will be forced to think of alternatives; Although this does not kill Etherium, it is likely to cause extensive damage.

[bobyhodob]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

All of us who have been working with cryptocurrencies for quite some time are waiting for the rise of Etherium 2.0. We hope Ethereum 2.0 will solve the latest problems, especially Ethereum's high transaction fees. And if it doesn’t or it fails, crypto users will be forced to think of alternatives; Although this does not kill Etherium, it is likely to cause extensive damage.

If you look at currently there is a Uniswap project that has a new trading method and makes ethereum transaction fees higher because the Uniswap project is based on ethereum so all transactions use the ethereum platform which ultimately makes transaction fees even more expensive.

[Princejebs]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

Well, according to some developers, Ethereum 2.0 is far from what and when everyone is expecting. It will take time than how many are anticipating. The testnet has been released which is already launched and working, I can't really say there can be a point of failure on ethereum 2.0 global adoption.

[JeffBrad12]

It would not be meant death for ethereum but the developer has the more time to do another proposal that can fix the problem that has faced by ethereum.
The proposal for the upgrade of ethereum can be released anytime and when the proposal is not effective to fix the problem and ethereum core developers will think for another way to do that. But i believe when each block of ether can process up to 1k tx/s and it will be enough.

[TimeTeller]

It would not be meant death for ethereum but the developer has the more time to do another proposal that can fix the problem that has faced by ethereum.
The proposal for the upgrade of ethereum can be released anytime and when the proposal is not effective to fix the problem and ethereum core developers will think for another way to do that. But i believe when each block of ether can process up to 1k tx/s and it will be enough.

I don't think eth developers will let that situation to happen, death or partial death, whichever it is.
They will surely resolve this ongoing problem and I guess, they are not just sleeping on this current bottleneck from its users.
They are aware of this situation because everyone is complaining about this ridiculous fees, maybe they are not just disclosing what they are doing behind the preying eyes of the community.
Let us all hope that they will give their side along the resolution as soon as they can. Because this is already taking toll to most of its users.

[MCobian]

I'm sure the Ethereum developers team will do their best, so that ETH 2.0 will solve the problem with high transaction fees.
But if it fails in the end, it's likely that users will look for alternatives that have cheaper transaction fees. Because users definitely
want cheap and fast transactions. But I believe that Ethereum developers will be able to overcome the problem of higher transaction
fees, which is still a hot news which continues to be discussed until now.

[wack slacker]

The problem with ETH is the mechanism of buying VIP tickets, auctions are still going on even though ETH 2.0 could help with transactions faster. People continue to compete for their transactions to be submitted faster, especially in Presale situations at DEX.
As for ETH 2.0, transaction costs could decrease, but not by much.

[ampu]

ETH 2.0 is just one of the solutions to reduce costs but I believe the cost is only slightly reduced. The more DAPP on Ethereum increases, the more people will use it.
Transaction costs on Ethereum in the form of an auction are not chronological. So there will continue to be auctioned to get confirmed faster that keeps the costs up.
Ethereum needs to change its confirmation chronologically to solve the transaction cost problem.

[oscarftw]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

ETHEREUM 2.0 will launch to minimize the all problem that's already had in Ethereum blockchain. Ethereum transaction per second is very slow than others blockchain even transaction cost. Ethereum founder could lose these users who's don't want to agree with the high cost. Proof of staking is another feature of Ethereum but TPS and cost are also on focus.

[Warkop]

For high ETH transaction fees in my opinion it all depends on the user, because users want the transaction to be confirmed fast so many users use high fuel costs and for miners prefer to take high gas costs than cheap ones to do. So that the increasingly rampant transactions of those who use low fuel costs inevitably have to impose very high fees if they want to be confirmed quickly. So all of this has nothing to do with ETH 2.0 and is not going to die.

[NASdaq]

ETH 2.0 should increase TPS, therefore fees should be lower. But the main question - will this TPS be enough?

[giammangiato]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

If ETH 2.0 will have high fees I think that the project will end and because fees for 90% of users are very important, but if this new project will have new application and the payement of these fees justifies it there won't be any problem

[Pamadar]

For high ETH transaction fees in my opinion it all depends on the user, because users want the transaction to be confirmed fast so many users use high fuel costs and for miners prefer to take high gas costs than cheap ones to do.

And it should be fixed by the team, they should provide good  ways for every one to use the chain without paying extra to be able to
process much quicker.

So that the increasingly rampant transactions of those who use low fuel costs inevitably have to impose very high fees if they want to be confirmed quickly. So all of this has nothing to do with ETH 2.0 and is not going to die.

Looking forward that this process may able to take good care after the ETH 2.0 are being presented.

[todiefor17]

As long as the transaction costs are not fixed, there is still a dispute over the transaction via auction to be sent out faster.
ETH 2.0 cannot fundamentally change the nature of ETH in transaction processing. They just make transactions faster. The ICO, DEFI projects will continue to take place and costs will continue to increase.

[lifeOK]

As long as the transaction costs are not fixed, there is still a dispute over the transaction via auction to be sent out faster.
ETH 2.0 cannot fundamentally change the nature of ETH in transaction processing. They just make transactions faster. The ICO, DEFI projects will continue to take place and costs will continue to increase.

There some points transactions fee must be fixed. We're eagerly waiting Ethereum 2.0 launch however here we believe some major changes. Eth most valuable assets, without it there is no DeFi, no smart contracts.

[jostorres]

ETH is not a place that can stop developing after a certain level, if transactions keep going up and up eventually they can create newer and newer stuff to lower it, we do not have to just have one version forever. Obviously they are a bit too late to do anything about this current high fee situation but that is only because they were already working on something new, with the 2.0 out of the way eventually and eth becoming proof of stake, they will have a lot of free time to work on lowering the fee situation.

Basically this means at least few more months or even half a year of high fee's unless they stop dealing with 2.0 progress and start working towards making fee's easier, which I doubt they will do which means we have another half a year of high fees if the hype doesn't slow down.

[Miaallen]

Bitcoin transaction fee is also high. And the emergence of bitcoin cash doesn't even have any effect on the bitcoin. I doubt the case will be different when ethereum 2 finally arrives.

[Igor17Krik]

I think that everything will be fine and ETH will successfully switch to proof of work. It cannot be otherwise. Billions of dollars are now in the accounts of big players. I see that everyone is just investing, not withdrawing funds. I think everything is just beginning!

[leatutz]

I think that everything will be fine and ETH will successfully switch to proof of work. It cannot be otherwise. Billions of dollars are now in the accounts of big players. I see that everyone is just investing, not withdrawing funds. I think everything is just beginning!

I don't understand what you are saying because Ethereum is already running POW and will switch to POS. I think op didn't check the Ethereum 2.0 transaction per second. By their announcement, Ethereum 2.0 will have a 10k TPS. This high speed transaction cost must be lower than Credits transaction cost which is now 0.0014 USD.

[FontSeli]

I think that everything will be fine and ETH will successfully switch to proof of work. It cannot be otherwise. Billions of dollars are now in the accounts of big players. I see that everyone is just investing, not withdrawing funds. I think everything is just beginning!

When you do not understand the topic of discussion, it is better not to write anything. We are all waiting for Ethereum to switch to a new type of mining called Proof of Stake. Mining will be carried out by those who store a certain amount of ether on their wallets.
The cost of gas may not change due to a change in the algorithm. Additional changes must be made that will affect the scalability of the network.

[YOSHIE]

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

as we know everyone makes a lot of transactions using the Ethereum line, I myself am also annoyed that the withdrawal fees spent when transactions are very high, far from the usual gas.

This is burdensome for all parties who use transactions with Ethereum, but for now, inevitably have to do it.
For me Ethereum does not have to die, but they have to fix all the gas that is emitted every transaction as usual/normal.

They should think about it as soon as possible, considering the Ethereum transactions per day are very high, hopefully it will be normal as usual.

[piebeyb]

it looks like it has been in design for a long time so the chances of it failing will be very little, because we know they keep delaying the launch of ETH 2.0, it has proven that they really are not rushing to work on this problem and ETH 2.0 can solve the problem of high gas costs in the future, as long as a large community with ETH is unlikely to die

[slaman29]

As long as the transaction costs are not fixed, there is still a dispute over the transaction via auction to be sent out faster.
ETH 2.0 cannot fundamentally change the nature of ETH in transaction processing. They just make transactions faster. The ICO, DEFI projects will continue to take place and costs will continue to increase.

I don't agree here. Fixed costs will kill the competition for miners, make it another POS coin. Allow people to compete for fees, that's the way Bitcoin shows can keep miners in the game and incentivizes them to keep making the network more popular. Defi and ICO will become use cases but the hype we see now isn't lasting. Just wait.

[trauchot]

Ethereum developers see what problems Ethereum users are now experiencing who make transactions and I am sure that Ethereum developers will find some solution, but in general if high transactions will remain the same, then I think people will also continue to make transactions on Ethereum blockchain, but most likely many people simply will try to bypass the Ethereum blockchain and will go, for example, to the TRON blockchain.

[budi691]

I think ethereum 2.0 to solve the problem of high gas costs and others, maybe failing in my opinion will not happen, and ethereum will continue to live and solve all its problems.

[TastyChillySauce00]

Bitcoin transaction fee is also high. And the emergence of bitcoin cash doesn't even have any effect on the bitcoin. I doubt the case will be different when ethereum 2 finally arrives.

except bitcoin cash is an entirely different thing to bitcoin and it's not even in the same blockchain so it does make sense if it doesn't have effect on bitcoin but ethereum 2.0 is basically an upgrade to ethereum and will probably give significant effect to ethereum because they switched to POS and probably come up with solution against the increasing fee.

[Bitstar_coin]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

i really don't know what eth 2.0 will bring when it finally comes but i do know that new projects should start looking at other blockchain to Launce their project instead of hanging on erc20 network that has suddenly turn a nightmare for many, there are other fast and cheap transaction network that will also get the job done without any complications, i think eth network is just over hyped, every project wants to be in eth network and now we face the consequences.

[lixer]

If they could squeeze in a lot more transactions inside one block that would solve all the problems but in order to do that you need to first develop that feature and make it ready plus you need to make sure everyone goes into that blockchain as well, it is not as easy as it sounds, I would do the same if I had the choice but I wouldn't know where to begin.

If they can do that it would allow people to have a lot more transactions in one block to be mined which would make transactions pass a lot quicker and when we are talking about mining one block the difficulty will be same while pay will be the same but this time around people who send money will be paying less because they are sharing it with more people at the same time lowering the cost of it without hurting miners.

[Radio-Active]

Indeed, im afraid many crypto projects and ethereum users will using other blockchain because the fee is too high.
I hope in ETH 2.0, the developers think about how they can reduce the network fees, otherwise new users won't join because very high fee.

[StyleForceOne]

Indeed, im afraid many crypto projects and ethereum users will using other blockchain because the fee is too high.
I hope in ETH 2.0, the developers think about how they can reduce the network fees, otherwise new users won't join because very high fee.

I really doubt that.
After UNI hype was settled down - fees turned back to ~$1.00 level as it was way back before, I mean the transaction fees.
Exchange fees are still quite big, but its forgivable imo

[maryanti]

The launch of eth 2.0 will be postponed.

Since the multi-client testnet served as an important pathway to Serenity, this was considered an emergency.

Therefore, it cannot be determined that the Ethereum 2.0 rollout will take place in July 2020.

Ethereum will still be around and if eth 2.0 fails then network costs will still be high.

[Spaffin]

Indeed, im afraid many crypto projects and ethereum users will using other blockchain because the fee is too high.
I hope in ETH 2.0, the developers think about how they can reduce the network fees, otherwise new users won't join because very high fee.

I really doubt that.
After UNI hype was settled down - fees turned back to ~$1.00 level as it was way back before, I mean the transaction fees.
Exchange fees are still quite big, but its forgivable imo

Vitalik Buterin and other members of the ETH team expressed their opinion on Twitter that we can most likely expect an Ethereum 2.0 update starting from November until the end of 2020. In addition, I believe that you need to fully complete the work, so that you do not have to work on errors after launch, so "postponing" does not mean bad. In addition, if we talk about the price of transactions, then recently I have seen a significant decrease in the cost of commissions, this is especially noticeable when the price dropped from $ 10 to $ 0.40 - $ 0.70.

[goaldigger]

The launch of eth 2.0 will be postponed.

Since the multi-client testnet served as an important pathway to Serenity, this was considered an emergency.

Therefore, it cannot be determined that the Ethereum 2.0 rollout will take place in July 2020.

Ethereum will still be around and if eth 2.0 fails then network costs will still be high.

Another postponement can’t help ETH network and many will panic again so if the 2.0 didn’t happen this year then the higher fees can’t be solve by just the market itself. The ETH developer have to listen and see the investors are raising their voice to address the higher fees issues, the 2.0 should successfully implement without any delay.

[Traderbtcc]

So many people expect alot to change once the ETH 2.0 is been deployed, some of those expectations is to reduce gas fees and make transactions move faster, but if eventually it fails to live up to the expectations, I still don't think that will be the end of ETH, because it is one of the main bodies of crypto, although it will reduce in terms of price but it won't die, I believe in Vitalik, he won't let us down, I just hope it works.

[sayulita]

The launch of eth 2.0 will be postponed.

Since the multi-client testnet served as an important pathway to Serenity, this was considered an emergency.

Therefore, it cannot be determined that the Ethereum 2.0 rollout will take place in July 2020.

Ethereum will still be around and if eth 2.0 fails then network costs will still be high.

Another postponement can’t help ETH network and many will panic again so if the 2.0 didn’t happen this year then the higher fees can’t be solve by just the market itself. The ETH developer have to listen and see the investors are raising their voice to address the higher fees issues, the 2.0 should successfully implement without any delay.

But he would also be considering the fact that there would still be many hidden bugs in the platform that needs to be solved and if those bugs aren't solved and the launch is hurried then the same can happen just like that of the DAO hack that made the ethereum blockchain to be forked. That was a blunder but not on the part of the ethereum team, also a lot of projects are tokenised on the ethereum chain and thus they have to be careful and should sort most of the critical bugs before rolling out the update so as to be ensured that there aren't any bugs left.

[xZork]

I think Ethereum will still function properly and is the 2nd largest coin in the cryptocurrency market.
People come to ETH because it is a potential coin and has a good development team, some trouble from the fact that ETH 2.0 still keeps its transaction fees high cannot crash the coin.

[J1mb0]

So far we don't know when ETH 2.0 will be released. However, ETH will continue to exist and grow, although version 2.0 cannot solve the problem of high transaction fees. ETH is the 2nd largest coin in the market and a lot of coins are issued on the ETH platform, so ETH cannot die.

[Kasabus]

So far we don't know when ETH 2.0 will be released. However, ETH will continue to exist and grow, although version 2.0 cannot solve the problem of high transaction fees. ETH is the 2nd largest coin in the market and a lot of coins are issued on the ETH platform, so ETH cannot die.

If ETH 2.0 will become a failure in solving this high transaction fee issue, then probably ethereum developers will create another solution that will definitely address the problem. Ethereum will not die for sure because a lot of investors have put their trust on ethereum and if this upgrade will not be successful, i'm sure another upgrade will be made again.

[jacafbiz]

These issue of transaction fees can be solved if Ethereum team decided to rebase the transaction fees, just look at other projects in the space like Solana and DOT and other competing projects, they decided to set their transaction fees very low that even if the price goes up the fee will still be affordable

[giammangiato]

The fees are really high right now. In fact, I'm not moving anything, I'm waiting for them to return to normal. I think "DEFI" is causing this whole fee problem.
Surely they are, in proportion, too high. It costs me less in a bank.

[maldini]

It won't be the demise of Ethereum supposing that it neglects to end the higher charges then it would essentially make another update. An update after another overhaul and that will be the following stage if at any time there's no observed improvement with 2.0. I don't see the explanation while ETH 2.0 will come up short eventually, I can't envision it not arriving at it top notwithstanding the way that ethereum is the biggest blockchain network, so its 95% that ETH 2.0 will prevail with regards to reaching a conclusion of bringing about low exchange expense and different highlights into the organization.

[btcsmlcmnr]

DeFi projects and ETH rally all together increase the fee. The analysis from glassnode can give you some reasons why fee rises like that.

How DeFi is Driving The Spike in Ethereum's Gas Price. You can read the article for more insightful details but the chart can attract you to read more. This chart gives you a first impression on how DeFi projects (look at top 20 contracts) account for most of total fees on the ETH network in August.

[bitkanu]

So far we don't know when ETH 2.0 will be released. However, ETH will continue to exist and grow, although version 2.0 cannot solve the problem of high transaction fees. ETH is the 2nd largest coin in the market and a lot of coins are issued on the ETH platform, so ETH cannot die.

Have you seen or watched that the whole WP and know what will be coming from the ethereum 2.0? You can expect ethereum will be the same as zilliqa which has already used the layer system to solve the scalability problem.
There are so many solutions that have already mentioned in the proposal. Basically, ethereum didn't need very big scalability.

1k or 10k tx/s will be actually enough.

[J1mb0]

So far we don't know when ETH 2.0 will be released. However, ETH will continue to exist and grow, although version 2.0 cannot solve the problem of high transaction fees. ETH is the 2nd largest coin in the market and a lot of coins are issued on the ETH platform, so ETH cannot die.

If ETH 2.0 will become a failure in solving this high transaction fee issue, then probably ethereum developers will create another solution that will definitely address the problem. Ethereum will not die for sure because a lot of investors have put their trust on ethereum and if this upgrade will not be successful, i'm sure another upgrade will be made again.

I agree, the development team is doing a great job so everyone has the right to believe they will have a way of solving the problem of too high fees.
Furthermore, investors love Ethereum very much and they have invested a lot of money in it, so ETH is difficult to die.

[shoreno]

this wont trigger death to eth but the arrival of eth 2.0 can be an asset for eth to live more and became more popular.

  currently the fees are now getting back to normal and take note theres no eth 2.0 that arrived so far but how much more when it finally applied to the system . fees can get lesser compare to today despite of the demand that the new eth will get .

[gamer4156]

I don't see the explanation while ETH 2.0 will fall flat eventually, I can't envision it not arriving at it top in spite of the way that ethereum is the biggest blockchain network, so its 95% that ETH 2.0 will prevail with regards to reaching a conclusion of causing low exchange expense and different highlights into the organization. Defi Boom Fueling ETH Gas Fees, Threatens Viability of Smart Contracts. Developing Ethereum network exchange charges, which contacted new highs as of late, are an immediate result of the expanding number of defi ventures and yield cultivating.

[semobo]

Ethereum 2.0 will give more transactions per second so it is like temporary solution pr almost permanent but as long as there is a hype season comes like ICO and DeFi there will be clog and increase in the fee on ethereum blockchain.

[WalkerIVIV]

Ethereum 2.0 will give more transactions per second so it is like temporary solution pr almost permanent but as long as there is a hype season comes like ICO and DeFi there will be clog and increase in the fee on ethereum blockchain.

Basically, the scalaility must be matched with the demand that has already gotten by ethereum.
imagine when ethereum will always do any hardfork for the scalability and it will be the worst thing as the bug can appear anytime. There must be a single solution that can be used on ethereum till forever.
Hardfork is something that unethical in the programming as that proves that the system is not yet perfect to be adopted.

[Google+]

Ethereum 2.0 will give more transactions per second so it is like temporary solution pr almost permanent but as long as there is a hype season comes like ICO and DeFi there will be clog and increase in the fee on ethereum blockchain.

If Ethereum still has very expensive transaction fees and Ethereum's price is still very cheap, then I think Ethereum 2.0 is still not established because if you really want to provide a good solution to a problem, you have to reduce costs, which are getting more expensive and definitely have to increase Ethereum prices because that's all which is needed by many people.

[SquallLeonhart]

I am not sure how sustainable it will be, obviously it is not going to be too easy to achieve but we are going to somehow see them all. ETH team is a great team when it comes to development and they know that they can't rush anything so they have been working on 2.0 a lot and I am sure they have probably figured out a way to make this better as well but I don't know that method.

It is really tough, we are talking about such an insane amount paid in the transactions right now and we are going to get it even harder with the new blockchain as well I don't know how well the transition process will be neither. Hopefully they will get better results with this new 2.0 otherwise we are going to get harder and harder in the upcoming years when it comes to sending money.

[bjmpoker001]

Hopefully on ETH 2.0 upgrade, the transaction fees will improved to the economic condition.
High fee on the blockchain is not favorable by the users because it will create more cost just for processing the transactions.
I have seen other blockchain than ETH which have low fee and fast transactions speed, better to use them if ETH fees stay high.

[SquirrelJulietGarden]

I see alternatives to move your ETH or ERC20 tokens with lower transactions fees. They are aggregators. You can get more details in the post.

Suggestion: I am using 1inch exchange. You can use their CHI token to lower significantly the ETH gas fees  .
                  This is a DEX aggregator, so you have all Dex exchanges in one place.


https://1inch.exchange/

Another solution is new DEX nobody talks about called Honeyswap.org


https://honeyswap.org/#/swap

Uniswap clone made on XDAI which makes transactions cost 0.0003$ and there is no network congestion problem, additionally, this is also DEX aggregator.

I think we are seeing a big Uniswap competitor here  .

You can use those alternatives or traditional wallets for ETH: Metamask, Myetherwallet, etc. but make sure you always check network status and temporary transaction fees on the network (gas used and gas limits).

Read the guides to cancel or replace your ETH transactions. [GUIDE] How to cancel or replace an ETH transaction (Metamask, MEW, MyCrypto)

[lifeOK]

Hopefully on ETH 2.0 upgrade, the transaction fees will improved to the economic condition.
High fee on the blockchain is not favorable by the users because it will create more cost just for processing the transactions.
I have seen other blockchain than ETH which have low fee and fast transactions speed, better to use them if ETH fees stay high.

Not just you, there bunches of client disappointed by ETH high charges and to minimize their loss get include another platform. Things are slowed down until ETH takes care of the scaling issue, which has made the high gas charges. The moment that issue disappears ethereum will be back on fire. Sit back and watch..

[BDBitcoinExpart]

If the gas price is not reduce after starting ETH 2.0. People will seek for another blockchain. This cause the user of ether will decrease. One day ether will lose their user.

[asriloni]

If the gas price is not reduce after starting ETH 2.0. People will seek for another blockchain. This cause the user of ether will decrease. One day ether will lose their user.

I remember when people have said the same thing like you in the past and they are not yet moving from ethereum. Maybe the demand will decrease a little big compared with this time but it's clear that the ethereum 2.0 will bring something big for all of components in ethereum blockchain started from the scalability, consensus, passive reward, less inflation and many more.
It's quite impossible for ethereum to lose its demand just because the scalability problem is not yet fixed.

[sayulita]

If the gas price is not reduce after starting ETH 2.0. People will seek for another blockchain. This cause the user of ether will decrease. One day ether will lose their user.

Ethereum is a pretty good blockchain project and as far as I know it will be pretty hard for the users as well as the organizations to move their smart contract to any other blockchain and with such secure code. So I think even if the fees isn't reduced after the ETH 2.0 goes live on mainnet then too the people will stick to it, although it will be sad for me also to see the high transaction fees in the ETH 2.0 as well, I used to arbitrage the coins on the Dexes but with the high transaction fees involved in these transactions it has become pretty hard to do so.

[Galley]

Why engage in such a thankless task as fortune-telling in advance. What will happen, we will see later when there is this update. At least it won't get any worse and Ethereum won't go anywhere, no matter what they say. We will follow this process.

[poodle63]

Why engage in such a thankless task as fortune-telling in advance. What will happen, we will see later when there is this update. At least it won't get any worse and Ethereum won't go anywhere, no matter what they say. We will follow this process.

Well it's not a useless effort for these people to raise awareness that the high transaction fee is literally becoming a burden right now and the devs should put the concern regarding addressing the fee as the most important matter more than anything else when doing either update or upgrade.
Maybe by seeing so many people asking the dev to solve the problem it could probably sped up the devs work as more people might contribute.

[Amitumi]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

I agree with you, because a few days ago we transacted from ether for only 0.2 ETH or 0.3  cents, but now it dolar 3 to 5 ETH to make a transaction. And in this way if continues, but I think all the people associated with cryptocurrency will find another opportunity ,,,, I'm new here so maybe I could not understand well, forgive me if I am wrong. Thanku all

[Abiky]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

If fees remain high after the ETH 2.0 upgrade (which is very likely to happen), then it'll be the partial death of ETH. It won't certainly die, given that it's the most decentralized smart contract platform in the world with a vast number of developers backing it. But its usage in the mainstream world will be reduced to a point where its competitors will gain the lead. The most straight-forward solution for ETH's high fees is to rely on a second-layer solution for scalability. Something like Bitcoin's Lightning Network for ETH will do the trick. Luckily, we have many solutions like the OMG Network, ZKSync, and more. It's up to dApp developers to use these solutions in order to reduce the burden on the main ETH blockchain. Otherwise, people will continue to face the problem of dealing with high fees on the network.

As it's said in the real world, "slow and steady wins the race". Ethereum's development team may be slow in scaling the blockchain, but the project may ultimately win the race. The number of dApps and tokens available on the ETH blockchain, speak for themselves. No other smart contract platform can compete with Ethereum in this regard. It will all come down to mainstream adoption than anything else. Hopefully, ETH will be able to experience lower fees as a result of new protocol enhancements (upgrades) over time. And once fees become the way they used to before, interacting with smart contracts will become practical again. Just my thoughts

[bigcash2011]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

Well, if you follow the news, the founder of Ethereum network Vitalik Buterin has clarified this thing in an interview by saying that scaling through sharding is the basic part of phase 0 of eth 2.0 which simply means that they want to resolve scalability issues first than anything else so be happy and stay positive.

[CarnagexD]

If the gas price is not reduce after starting ETH 2.0. People will seek for another blockchain.

I agree,, people will look for another affordable blockchain rather than eth for sending funds, however if people does that it will start to generate lesser fees due to less activity  Besides, I doubt that the ETH  v.20 isn't a real upgrade, Vitalik talks about it as faster ETH network so we will experience a low transaction fees.

This cause the user of ether will decrease. One day ether will lose their user.

Ethereum has a brighter future to be adopted than bitcoin, due to smart contracts, it really is.

[bustabitsboy]

High fees for a slower transaction, this will affect the project because the investor will have to look for a cheaper option.  If new updates work with a fee cap, that will be very good.  The next step for ETH is to determine.  Good coins with low fees are worth looking for, but ETH may be better, so be sure to keep those as well.

[zasad@]

https://ethgasstation.info/index.php

Ethereum commissions dropped dramatically after interest in DeFi projects dropped.

In short, the situation around Phase 2 of Ethereum 2.0 raises many questions.
https://ethereum.org/en/eth2/

"Phase 1.5: mainnet becomes a shard
Expected: 2021

Up until Phase 1.5, the Ethereum we use today on mainnet will continue as a proof-of-work blockchain. Transactions will continue to be processed by miners. But in Phase 1.5, mainnet will officially become a shard and transition to proof-of-stake.

For end users and dapps, this change should be seamless.

Phase 2: fully formed shards
Expected: 2021+

In Phase 2, shards should be fully functional chains. Shards will now be compatible with smart contracts and they'll be able to communicate with each other more freely. Developers may even be able to design shards in their own ways.

Phase 2 is still very much in the research phase.
"

https://github.com/ethereum/eth2.0-specs
"Phase 2 is still actively in R&D and does not yet have any formal specifications."

I hope it is clear that we will not get phase 2.0 soon

[qwizzie]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

Well, if you follow the news, the founder of Ethereum network Vitalik Buterin has clarified this thing in an interview by saying that scaling through sharding is the basic part of phase 0 of eth 2.0 which simply means that they want to resolve scalability issues first than anything else so be happy and stay positive.

Actually phase 0 is PoS (Beacon Chain) and setting up validors for PoS (soft target end 2020)
Sharding is planned for phase 1 & 2 (2021 / 2022, which will most likely get delayed, just like phase 0 got delayed)

Source : https://consensys.net/knowledge-base/ethereum-2/faq/

ETH 2.0 phase 0 will not fix the high fees problem.

[ekeh]

ETH 2.0 it has been a very big concern on alt-coin transaction with a very high charge fee's, and if it keep moving this way with high gas fee charged is going to be something else, because the change fee really affect the system in difference way, in the crypto industries.

[imstillthebest]

Why engage in such a thankless task as fortune-telling in advance.

rofl . maybe they just like it but fortunetelling is not a thankless task due to its difficulty. you can get fame and even cash reward as long you guarantee that your predictions are mostly legit and can occur not just by co incidence .

What will happen, we will see later when there is this update. At least it won't get any worse and Ethereum won't go anywhere, no matter what they say. We will follow this process.

how do you know that it wont get worse ? you predicted it ? but you said your not a fan of predictions and you better wait for the actual team to announce the update but that can take a long time because its been a couple of times since they promise this eth 2.0 but till now they are still making a promise . thats why people are now trying hard of predicting and speculating by themselves because they are itching too

[NoG-NoG]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

I think that thw developers of ethereum blockchain should look on it and make an immediate action as soon as possible because if the price fee is still high many of their investors and hodlers will definitelt boycott them and it will maybe the end of an era for the ethereum.

[yurez]

The hype around DeFi projects is beginning to calm down, and the course of many tokens of DeFi projects has noticeably decreased. Today's commission at 30 Gwei pleases me.

[Insober]

If the gas price is not reduce after starting ETH 2.0. People will seek for another blockchain. This cause the user of ether will decrease. One day ether will lose their user.

Do you have any idea why there is such a large gas charge on the Ethereum blockchain?

Closer to the summer of 2020, a hype began around Defi projects, a lot of similar projects were created, after the resounding success of YFI. They were launched on the Ethereum blockchain, since it is very easy to do there, the network was simply overloaded, due to network overload, and there was such a high commission.

With the release of Ethereum 2.0, transactions should be performed even faster and the network should not lie down so easily, I think that this should not happen at all, at least for such a long time.

Now the hype for defi has already begun to subside, so the commissions have already begun to stabilize, a commission of $ 1 is already normal for me)

[int03h]

As long as the transaction costs are not fixed, there is still a dispute over the transaction via auction to be sent out faster.
ETH 2.0 cannot fundamentally change the nature of ETH in transaction processing. They just make transactions faster. The ICO, DEFI projects will continue to take place and costs will continue to increase.

I don't agree here. Fixed costs will kill the competition for miners, make it another POS coin. Allow people to compete for fees, that's the way Bitcoin shows can keep miners in the game and incentivizes them to keep making the network more popular. Defi and ICO will become use cases but the hype we see now isn't lasting. Just wait.

When ETH completely moves to ETH 2.0, it also means that they will completely remove the miner from their system. So fixed costs are essential to maintaining network stability, and auction mechanisms are absent and potentially congestion, but no longer for static costs.
Miners will have to switch to other cryptocurrency mining. We need to accept the change and it is Vitalik's choice.

[Rexler]

A couple of months ago when the hype on DeFi was much, the cost of transaction fees on eth was really alarming, but since the DeFi hype has started fading away and there's no much congestion on the network the transaction fee has began to reduce drastically, the ETH 2.0 is expected to resolve this high cost of transaction fee issue,can't wait for it to be deployed tho, cus we can't continue paying a high fee for slow transaction, I just hope Vitali can pull this off, can't wait for eth 2.0  .

[SquirrelJulietGarden]

The hype around DeFi projects is beginning to calm down, and the course of many tokens of DeFi projects has noticeably decreased. Today's commission at 30 Gwei pleases me.

I checked fee on ETH network seconds ago and the average-speed transaction requires 44 GWei as fee. In fact, hours ago in today too, the fee is at 22 Gwei. At that rate, fee dropped to the rate in July 2020 before the DeFi hype began to make fee became higher and higher and reached crazy levels few weeks ago.

Some sites to track ETH Gas
https://ethgasstation.info/calculatorTxV.php
https://ethgasstation.info/index.php
https://etherscan.io/gastracker
https://txstreet.com/
https://ethgas.watch/
https://www.gasnow.org/

Make sure to read and know steps to cancel or replace your transactions [GUIDE] How to cancel or replace an ETH transaction (Metamask, MEW, MyCrypto)

Stucked transactions occur almost always on very heavily used contracts where gas limits have to be set up much higher also. When we are interacting with very complicated contract or the transaction has to be routed between a few contracts, for example: ETH - wETH - GOLD - wallet, then it makes the gas limit go higher. This is the simplest way to exchange on Uniswap, which needs at least 150.000 gwei gas limit because less will be not successful.

Suggestion: I am using 1inch exchange. You can use their CHI token to lower significantly the ETH gas fees  .
                  This is a DEX aggregator, so you have all Dex exchanges in one place.


https://1inch.exchange/

Another solution is new DEX nobody talks about called Honeyswap.org


https://honeyswap.org/#/swap

Uniswap clone made on XDAI which makes transactions cost 0.0003$ and there is no network congestion problem, additionally, this is also DEX aggregator.

I think we are seeing a big Uniswap competitor here  .

[jdnthny]

They should take action to this circumstances before it turns to be their lose especially to the ethereum developers. It is very alarming to see that the price of it ethereum fee gets higher and higher if this continues many crypto people will avoid using ethereum anymore.

[Insober]

They should take action to this circumstances before it turns to be their lose especially to the ethereum developers. It is very alarming to see that the price of it ethereum fee gets higher and higher if this continues many crypto people will avoid using ethereum anymore.

Many, including myself, have already left this asset.
In general, it is not clear what is happening with the price of this asset, because of the hype around Defi, the price of this coin is growing and growing.
Due to the network load, the transaction fees are also growing.

But fees have already started to fall, the load on the network has subsided, transactions have become faster.

[cryptoknightt]

ETH will not die, even if the fee will increase more higher than now, because people need it and using it.
you can see when eth network busy and people still swap ETH in uniswap for transaction, even if the fee is bigger at that time.
it mean that still be used, no matter what the problem specially fee.

[slackovic]

ETH will not die, even if the fee will increase more higher than now, because people need it and using it.
you can see when eth network busy and people still swap ETH in uniswap for transaction, even if the fee is bigger at that time.
it mean that still be used, no matter what the problem specially fee.

Of course that Ethereum won't die just because of high transaction fees. The same was back in 2018 when CryptoKitties "broke" Ethereum and it didn't die. High transaction cost means that a lot of people is using Ethereum network. But that's just temporary. With time fees will come down to "normal".

[nrvasquez]

no i think it's not. even when this eth 2.0 thing already solved their tx fee problems, everyone in the blockchain community will still consider the ether for the first choice (imo). it's about the pioneer of the blockchain technology, so the ether will still have their ground.

[Insober]

ETH will not die, even if the fee will increase more higher than now, because people need it and using it.
you can see when eth network busy and people still swap ETH in uniswap for transaction, even if the fee is bigger at that time.
it mean that still be used, no matter what the problem specially fee.

Yes, it will be used constantly, but the number of users may be getting smaller and smaller.
Many of my friends have already passed to the same Throne from Ethereum.

[gaston castano]

I think it will not be a problem as long as there are still many people who use eth they will get used to it later.
Transactions must still be made, even if the fees are low or high because the market is running automatically, so that minor problems such as fees will not interfere.

[Hellkas]

If the gas price is not reduce after starting ETH 2.0. People will seek for another blockchain. This cause the user of ether will decrease. One day ether will lose their user.

Do you have any idea why there is such a large gas charge on the Ethereum blockchain?

Closer to the summer of 2020, a hype began around Defi projects, a lot of similar projects were created, after the resounding success of YFI. They were launched on the Ethereum blockchain, since it is very easy to do there, the network was simply overloaded, due to network overload, and there was such a high commission.

With the release of Ethereum 2.0, transactions should be performed even faster and the network should not lie down so easily, I think that this should not happen at all, at least for such a long time.

Now the hype for defi has already begun to subside, so the commissions have already begun to stabilize, a commission of $ 1 is already normal for me)

The problem is not in the hype of defi projects, but in the Ethereum blockchain system.

This blockchain is already very old, it needs an update, just what has been planned for many years - Ethereum 2.0.

But I also don’t believe in this Ethereum 2.0, for how many years they have been postponing everything, feeding us with promises.

And they have only one excuse "We do not want to make past mistakes", of course, on the one hand this is even very good, but many projects, by the time Ethereum 2.0 is released, will become much better, more advanced.

Write that the load on the network has subsided? Yes, she was asleep.
But for how long? So far, the hype has calmed down a bit, but I don't think it will last long, the era of DEFI projects is just beginning.

[Insober]

I think it will not be a problem as long as there are still many people who use eth they will get used to it later.
Transactions must still be made, even if the fees are low or high because the market is running automatically, so that minor problems such as fees will not interfere.

I don’t know, I don’t know, now the commissions have more or less stabilized, but literally half a year ago the commission reached $ 10 per transaction, what is it all about?

People will never be able to get used to this, I'm sure.

[chanc3r]

I think it will not be a problem as long as there are still many people who use eth they will get used to it later.
Transactions must still be made, even if the fees are low or high because the market is running automatically, so that minor problems such as fees will not interfere.

It's more than minor problem though, sometimes people forced to pay the high fee out of necessity and it's definitely better to switch and uses alternative coin but the eth market is just too big to miss out. but defi right now is dumped and the hype probably gonna fade and become normal again. hopefully the fee will be resolved.

[JeffBrad12]

no i think it's not. even when this eth 2.0 thing already solved their tx fee problems, everyone in the blockchain community will still consider the ether for the first choice (imo).

The demand that has gone to another chain will be coming back again to use ethereum as their best choice to be used to create any transactions. the popularity that has already gained by another project is also caused by the scalability problem that's happening with ethereum.

Once this problem will be solved and everything will be changed. People will be actively using ethereum rather than move to the another coin.
Ethereum is still an underrated coin at this moment in terms of the technology.

It will get mass adoption when all of the problems will be solved.

[icekohl]

In my opinion, part of the attraction of the Ethereum network is transaction fees, with transaction fees as high as currently, miners are the ones who benefit the most. ETH needs to balance these factors: transaction fees, miners' fees and transaction processing speed if it wants to maintain its current position.

[Jackl87]

In my opinion the switch from POW to POS at ETH has to work and it has to be done pretty soon.
The last defi hype with the extremely high transaction fees on the ETH network showed that an upgrade or a change of technology is needed urgently.
If the ETH foundations fails to deliver a working POS-mainnet version in 2021 i don't think that this would mean the death of ETH but it can definitely mean that it can lose its second place to polka or cosmos or to something else.

[Insober]

Well, it will be not cool if the transaction fee on Ethereum network is stay high after the update of ETH 2.0
Many of us suffered from pending transactions because using gas lower than the average.
I guess Ethereum team need to find some method to reduce the gas fee when the network is congested.

No, after the release of the Ethereum 2.0 system, the stability of the network will, of course, increase, which is why the transaction fee will be much lower than it is now

But when this new Ethereum 2.0 update comes out, it's not clear, I don't think this will happen at all, everything is promised and promised, but nothing is done.

[Fivestar4everMVP]

Ethereum 2.0 will give more transactions per second so it is like temporary solution pr almost permanent but as long as there is a hype season comes like ICO and DeFi there will be clog and increase in the fee on ethereum blockchain.

And also note that NFTs are coming, and some of this NFTs are combined with deFi features and the hype is definitely on the way.
Being the most popular and most used smart contract platform, I personally think that ethereum will be permanently prone to this issue of clogged network and in return,inflicting high transaction fees on its users, except the developers do a very hard work of increasing the number of transactions the network is able to handle on per seconds, the issue above might remain the order of the day for ethereum.

[rz20]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

ETH 1.0 TPS is around 15-something (not sure) whereas, the TPS on ETH 2.0 at first will be around 1000-2000 which would be a huge improvement when compared to current ETH's TPS. High TPS means the network will be more scalable and, if the network is scalable, then the transaction cost will remain lower.

TPS= Transactions per second

[RealMalatesta]

Just because China calls itself "communist" you do not have to blame the ideology for how horrible China is, those people are just dictators who kill whoever they want and live however they want without interruption and take all those billions of dollars to themselves and just live a happy life while letting everyone under their rulership die if they have to from starvation. That is not how communism is, that is not even remotely close to what it is.

What communism is Cuba, you may not like it or maybe enjoy it but Cuba is living the large life, they may not have the latest iphones or they may not have the greatest technological improvements or an ebay/amazon on their country but nobody dies from starvation and everyone gets free healthcare and education and special education on top of that for whatever field they want to work in. So believe me communism is not the problem, it might be even the solution to certain countries (not good for all nations I agree) but China is not one, china has a ruthless Hitler like dictator.

[konflikkastil]

This high eth fee has once fucked me up. I was to sell one of a major altcoins but I didn't have enough gas in my wallet to transfer it to the Exchange. I was pained to the bone, because the coin was doing good at that time. And one other time is how myself and my team use almost had of $150 to sell a coin of $650. Lot of other sadden experience, that made me to lost hundreds of dollars. I think the owner of the ethereum chain technology should really look into that. They should.

[flagpara]

Everyday we measure that ERC-20 token is increasing, even more than other blockchain. Now Ethereum can handle only 15<more transactions per second, this low TPS couldn't fulfill Ethereum blockchain demand. Now another hype is now DeFi projects because we need our privacy. Every problem will be solved after the high TPS of Ethereum 2.0.

[Wingo]

Projects and investors might have to find an alternative to the ethereum blockchain. But this will not happen in a short span of time, it will take years. There are a lot of blockchains out there which offers better speed and lower fees.

Ethereum 2.0 will make the network scalable, and therefore decreasing the transaction fees in the long run. So this should not fail. There will be delays but I'm confident that the protocol will give much more room for growth.

[louisBSAS]

We'll have to endure. It is very difficult to perform transactions on the Ethereum blockchain now, but nothing can be done, you need to get used to it. We can only hope for the early launch of Ether 2.0 and its new technology.

[Insober]

Projects and investors might have to find an alternative to the ethereum blockchain. But this will not happen in a short span of time, it will take years. There are a lot of blockchains out there which offers better speed and lower fees.

Ethereum 2.0 will make the network scalable, and therefore decreasing the transaction fees in the long run. So this should not fail. There will be delays but I'm confident that the protocol will give much more room for growth.

If Ethereum 2.0 is released and it will be as we imagine it, then of course, with this innovation, the stability of the network will increase, the commission will decrease and there will be even more users.

There are a lot of users, but many of them are simply unhappy, and when this update is released, all users will already be happy with this system.

[Shallow]

Hii Everyone

I have a little question .... Sorry if this sound silly but i just cant help but ask

Everyone has been talking about the much anticipated ETH 2.0 and how it will put an end to the high transaction fees which is currently one of the major problems on Ethereum blockchain.

My question now is , what happens if ETH 2.0 fails to put an end to the high fees ?? would this mean the Death or partial death of ether?

(death--no longer used)
(partial death--no longer used like before)

I always believe that the essence of upgrades done on any platform is for the sole purpose of enhancing the platform for better services. At the early stage of every platform, there are always smaller number of people which then grows, and if the platform aims to remain standing and working well, then it will undergo an upgrade to ensure all users are accommodated and so on. In the case of Ethereum blockchain, I believe the upgrade will take care of many issues of which the high transaction fees is one of them, or in fact the most pertinent one. Also, looking at how long the upgrade has taken, it is clear the team want everything to be perfect and corrected.
But, in a case where the goal wasn't achieved, that is, high transaction fees wasn't reduced, then I think another upgrade will take place. Ethereum blockchain is one of the most trustworthy blockchain platform and it can't die rather will continue undergoing upgrades every now and then to ensure the proper growth of the platform.

[bubbalex]

Projects and investors might have to find an alternative to the ethereum blockchain. But this will not happen in a short span of time, it will take years. There are a lot of blockchains out there which offers better speed and lower fees.

Ethereum 2.0 will make the network scalable, and therefore decreasing the transaction fees in the long run. So this should not fail. There will be delays but I'm confident that the protocol will give much more room for growth.

Yes, I joined crypto with the Ethereum, not Bitcoin, because I liked it more, it was newer, faster, cheaper, but nowadays I shifted to the TRON, because I simply don't want to spend 2-10$ when I need to send 10$ to someone. Although I haven't followed the TRON since it was launched, I switched to it because of lower commissions and higher speed. However, when the ETH 2.0 is released, I'll gladly return to the ETH network.

[bakasabo]

But, in a case where the goal wasn't achieved, that is, high transaction fees wasn't reduced, then I think another upgrade will take place.

Tricky question - do you happened to know when this new upgrade will be, if Ethereum 2.0 will not be able to reduce fees? It was postponed till autumn, and there is still no clear information about release date. The "release date" has been postponed for about half a year. Will Ethereum users survive, or still be so much supportive for it, if they need to wait for another half a year for fee reduction?

I dont follow fees everyday, but I remember that they were about 70-80 gwei for a standard transaction, few weeks ago reduced to ~50, but now returned to 70-80 gwei again. With the upcoming NFT and winter holidays, fees will rise up again.

[louisBSAS]

Projects and investors might have to find an alternative to the ethereum blockchain. But this will not happen in a short span of time, it will take years. There are a lot of blockchains out there which offers better speed and lower fees.

Ethereum 2.0 will make the network scalable, and therefore decreasing the transaction fees in the long run. So this should not fail. There will be delays but I'm confident that the protocol will give much more room for growth.

Yes, I joined crypto with the Ethereum, not Bitcoin, because I liked it more, it was newer, faster, cheaper, but nowadays I shifted to the TRON, because I simply don't want to spend 2-10$ when I need to send 10$ to someone. Although I haven't followed the TRON since it was launched, I switched to it because of lower commissions and higher speed. However, when the ETH 2.0 is released, I'll gladly return to the ETH network.

I have been using TRON for a long time, but I had to say goodbye to this coin due to constant strong price fluctuations. This was primarily due to the behavior of the founder of this coin. I don't like it when people lead like clowns, especially when it negatively affects the people who depend on them. Of course, the commissions of the Ethereum network are very upsetting, but I have high hopes that the new Ethereum network will be launched in November.

[Smitty Werben Man Jensen]

Ethereum transaction fees are now down to 38 - 50 Gwei, I know why they have dropped, this is because their network is not full,
and if the Eth network is full then Gwei will be expensive, I heard rumors that Ethereum 2.0 is not a solution to this,
I'm afraid if they don't think about it, Ethereum will be left behind by investors, how?

[lienfaye]

Ethereum transaction fees are now down to 38 - 50 Gwei, I know why they have dropped, this is because their network is not full,
and if the Eth network is full then Gwei will be expensive, I heard rumors that Ethereum 2.0 is not a solution to this,
I'm afraid if they don't think about it, Ethereum will be left behind by investors, how?

There's no solution yet for eth gas fee and we are not certain if the upgrade can address the issue. And besides there's no specific date on when the upgrade take place since they postponed it few times.

Well im not transacting often so I dont have any problem regarding this fees but its a problem for traders specially the average one.

[Abiky]

In my opinion the switch from POW to POS at ETH has to work and it has to be done pretty soon.
The last defi hype with the extremely high transaction fees on the ETH network showed that an upgrade or a change of technology is needed urgently.
If the ETH foundations fails to deliver a working POS-mainnet version in 2021 i don't think that this would mean the death of ETH but it can definitely mean that it can lose its second place to polka or cosmos or to something else.

Agree. ETH needs to scale fast. Otherwise, its huge transaction fees will scare away people in the mainstream world. ETH's competitors have taken advantage of their high transaction throughput, providing themselves to be an alternative in the smart contracts industry. They may not be as decentralized as Ethereum, but they're extremely convenient for mainstream payments. In a world where people prefer convenience on top of security/reliability, competing blockchains like TRON and EOS might be able to gain greater market share in the future. At least, the ETH dev team has taken the approach of scaling the Blockchain safely by doing it at a slow and steady pace. As it's said in the real world, "slow and steady wins the race". But even ETH 2.0 proponents, say that the upgrade is NOT enough to reduce ETH's high transaction fees. If that turns out to be the case, then the only way people will be able to enjoy low fees is by either using a second-layer solution for ETH (OMG, ZKSync, etc.) or an alternative smart contract platform (TRON, EOS, Polkadot, Tezos, etc).

Nonetheless, high transaction fees are not much of an issue if ETH remains decentralized. You get what you pay for by enjoying a high level of security, decentralization, and reliability unlike any other smart contract platform in the world today. Those who dislike ETH's high fees, have ample options to choose from. Time will tell us if ETH will be able to retain its place on market cap and mainstream adoption or not. Just my thoughts

[casperBGD]

Agree. ETH needs to scale fast. Otherwise, its huge transaction fees will scare away people in the mainstream world.

yeah, it will scare the people away from gaming, but for financial transaction, particularly DeFi, where big amounts of money are involved, $10-15 transaction fee is not that much, if we are talking about security that is much better than on other networks, which are mostly fairly centralized

and there are second layer solutions for gaming platforms, i am playing sorare, and purchasing players without fees at all, so it could work well in this high fee situation as well

[louisBSAS]

Ethereum transaction fees are now down to 38 - 50 Gwei, I know why they have dropped, this is because their network is not full,
and if the Eth network is full then Gwei will be expensive, I heard rumors that Ethereum 2.0 is not a solution to this,
I'm afraid if they don't think about it, Ethereum will be left behind by investors, how?

Now the workload of the Ethereum network is dropping because the DeFi segment is beginning to gradually lose demand from investors. More and more scammers started to appear there, which discourages honest people from investing. When there is no inflow of new investments, the market starts to shrink little by little. Also, the drop in gas prices is currently associated with the weekend, people want to relax and not trade.

[BitTraderCute]

Ethereum transaction fees are now down to 38 - 50 Gwei, I know why they have dropped, this is because their network is not full,
and if the Eth network is full then Gwei will be expensive, I heard rumors that Ethereum 2.0 is not a solution to this,
I'm afraid if they don't think about it, Ethereum will be left behind by investors, how?

Now the workload of the Ethereum network is dropping because the DeFi segment is beginning to gradually lose demand from investors. More and more scammers started to appear there, which discourages honest people from investing. When there is no inflow of new investments, the market starts to shrink little by little. Also, the drop in gas prices is currently associated with the weekend, people want to relax and not trade.

gas fee back to normal again while defi hype slowly decrease. in uniswap defi project now lost trust after several projects exit scammed, and now investors clearly thinking to avoid speculation . trading volume and frequence now decrease after many project scammed, investors really carefully to new project in uniswap and i think there is no correlation with weekend.

[CuriousGeorge]

Ethereum transaction fees are now down to 38 - 50 Gwei, I know why they have dropped, this is because their network is not full,
and if the Eth network is full then Gwei will be expensive, I heard rumors that Ethereum 2.0 is not a solution to this,
I'm afraid if they don't think about it, Ethereum will be left behind by investors, how?

Defi hype over and people have been realize about so many scam projects were starting to sell the gimmick of defi platforms.
have you read the whitepaper of ethereum 2.0 and what's features that have alreayd mentioned in the whitepaper too?

If you have not read it yet and then start to read it as soon as possible. it has some solutions to solve the scalability problems.

[coinsycrip09]

There's no solution yet for eth gas fee and we are not certain if the upgrade can address the issue. And besides there's no specific date on when the upgrade take place since they postponed it few times.

Well im not transacting often so I dont have any problem regarding this fees but its a problem for traders specially the average one.

recently I have begun to doubt that ethereum 2.0 will be able to overcome the expensive gas fees.
moreover, they are always delaying the release of ethereum 2.0, this makes me continue to lose faith in them.

but I will still wait and hope that the release of ethereum 2.0 will be better than before and able to overcome the problem of expensive gas fees.

[louisBSAS]

Ethereum transaction fees are now down to 38 - 50 Gwei, I know why they have dropped, this is because their network is not full,
and if the Eth network is full then Gwei will be expensive, I heard rumors that Ethereum 2.0 is not a solution to this,
I'm afraid if they don't think about it, Ethereum will be left behind by investors, how?

Now the workload of the Ethereum network is dropping because the DeFi segment is beginning to gradually lose demand from investors. More and more scammers started to appear there, which discourages honest people from investing. When there is no inflow of new investments, the market starts to shrink little by little. Also, the drop in gas prices is currently associated with the weekend, people want to relax and not trade.

gas fee back to normal again while defi hype slowly decrease. in uniswap defi project now lost trust after several projects exit scammed, and now investors clearly thinking to avoid speculation . trading volume and frequence now decrease after many project scammed, investors really carefully to new project in uniswap and i think there is no correlation with weekend.

This is where it all went. Uniswap is not to blame for fraudsters placing their coins on it. This exchange was created decentralized and so that everyone can add their own coin that they want. This is what decentralization is, when no one can forbid you to place your coin on the exchange. It is important to carefully watch what you buy and then there will be no problems with scammers.

[Webetcoins]

With the defi hype going down, and prices of almost all these projects going down, eventually there will be nothing of sorts in the world and eth fee's will return to normal. Even right now it is looking much better. All the summer the prices surged and most of it was around 3-4 levels and peaked at around 12 as well, now it is nowhere near that, it is already at 1.5 and this is just the start of the fall as well, we are definitely going to levels of fifty cent or so.

When that happens we are going to actually end up with a lot better results, we are going to have eth 2.0 and it will not really make anyone look anywhere else. Think of world's second biggest crypto currency giving you money just because you have money, people will flock to it like candy and the price will surely skyrocket.

[nykka]

I don`t think that in such situation Ethereum can die, but it will be very big failure that can be cause of replacement Ethereum as 2-d most popular cryptocurrency. There are many projects that can be a potential replacement for ETH. But nonetheless, I think Eth team have been working for years to make everything great and I don`t believe that ETH 2.0 can be failed, now it`s only question of the time

[Fivestar4everMVP]

This high eth fee has once fucked me up. I was to sell one of a major altcoins but I didn't have enough gas in my wallet to transfer it to the Exchange. I was pained to the bone, because the coin was doing good at that time. And one other time is how myself and my team use almost had of $150 to sell a coin of $650. Lot of other sadden experience, that made me to lost hundreds of dollars. I think the owner of the ethereum chain technology should really look into that. They should.

I perfectly understand how bad this must have made you feel bro, I was in same situation some days ago where bounty manager said he has no eth to distribute hunters token and ask we the hunter to support, he requested that we all send 0.002 for gas, I was reluctant to send it cus I had no eth in my wallet, those who had it where sending and they were getting their tokens credited to their wallet, I had to run around to sort for atleast 0.05 eth, before I could send mine, those who sent earlier and got there tokens had already dumped the price of the token from 0.03 to 0.0008, I was so disappointed and angry.

[Jeger.Kiting]

I don't know what is happening at this time with Ethereum, with shipping costs that are getting more and more expensive, it is difficult for someone to transact with Ethereum at this time, the constraints and problems have not been fixed at all, making many projects switch to TRC20 and not use ERC20 anymore because difficulty with gas costs that much ..

It's possible that Ethereum will die if this happens continuously in the future without any improvement at all ..

https://etherscan.io/gastracker

[Altryist]

 ConsenSys developer Ben Edgington suggests that Ethereum 2.0 could be launched this year, in 6-8 weeks. Developers are well aware that people are already tired of testnets.

“I think people are getting a bit bored of testnests. It’s time to move on [...] we need to launch Phase 0 asap.”

a source: https://cointelegraph.com/news/ethereum-2-0-deposit-contract-to-launch-this-week-consensys-dev

[alisonwonder]

I don`t think that in such situation Ethereum can die, but it will be very big failure that can be cause of replacement Ethereum as 2-d most popular cryptocurrency. There are many projects that can be a potential replacement for ETH. But nonetheless, I think Eth team have been working for years to make everything great and I don`t believe that ETH 2.0 can be failed, now it`s only question of the time

If ethereum wants to launch a new project, it should first provide a solution to the existing problem because if it does not solve the problem of very high gas costs, ethereum 2.0 does not attract investors, it will only make Ethereum even more collapsed.

[VolkoB]

If ethereum wants to launch a new project, it should first provide a solution to the existing problem because if it does not solve the problem of very high gas costs, ethereum 2.0 does not attract investors, it will only make Ethereum even more collapsed.

Ethereum 2.0 will solve existing problems, including reduce the cosmic gas price. It remains to believe that they will succeed.

[Dondeon]

Irrespective of what the gas fee is, that will not stop the usage of ethereum. Ethereum is very useful in the crypto space, we have a lot of use for ethereum, even if we are not ok with the higher gas fee at times, we still cannot do without using ethereum. So many projects are on the blockchain of ethereum which will make it more difficult for ethereum to die.

[BayAngelo]

The upgrade will allow more transaction. that is the major upgrade of ethereum 2.0. the blockchain will take in the double of what it access Now making it to fast and better than the current ethereum version 1. it is like creating more room to accommodate high transaction Although there is an update that the upgrade failed again for the second time but hopefully will be resolve before November launch.

[SlimShadyMmp]

I wish all stacking coins will move to BSC is cheap and seriously faster but you know what I think the problem is congestion when everyone is trying to get CORED make quick entry There are so many projects on the network and crazy amount of transaction maybe hopefully ETH 2.0 will take over that

[Fivestar4everMVP]

ConsenSys developer Ben Edgington suggests that Ethereum 2.0 could be launched this year, in 6-8 weeks. Developers are well aware that people are already tired of testnets.

“I think people are getting a bit bored of testnests. It’s time to move on [...] we need to launch Phase 0 asap.”

a source: https://cointelegraph.com/news/ethereum-2-0-deposit-contract-to-launch-this-week-consensys-dev

Are you very sure about Ethereum 2.0 release in just 6 to 8 weeks from now?
Why am asking is because 6 to 8 weeks is just a few days from now and you know, this year is fast running out.
But anyways, I really hope they are telling the truth cus I read a news about 3 or 4 days about how eth 2.0 test failed the second time, if they can be able to release it this year, and everything goes well with the release, I think ether will moon again, fingers crossed, really hoping for the best for Ethereum.

[weborsha]

I think that they'l launcj ether 2.0 and announce lower transaction fees on ether's 3.0 version release) cmon, ether is not gonna die, it might become a bit less popular due to high fees.

[Abiky]

ConsenSys developer Ben Edgington suggests that Ethereum 2.0 could be launched this year, in 6-8 weeks. Developers are well aware that people are already tired of testnets.

“I think people are getting a bit bored of testnests. It’s time to move on [...] we need to launch Phase 0 asap.”

a source: https://cointelegraph.com/news/ethereum-2-0-deposit-contract-to-launch-this-week-consensys-dev

It's about time. Delay after delay, people were getting desperate with ETH's high transaction fees. Even after the ETH 2.0 upgrade, the reduction in fee costs will be minimal. That's largely because there are a lot of dApps with high transaction volume on the Blockchain. Sharding and PoS will help alleviate the issue in the short term. But for the long term, developers are going to need to rely on "Second Layer" solutions for scalability in order to maintain dApp fees as low as possible. I believe that "De-Fi" platforms will largely benefit from the ETH 2.0 upgrade, as they usually consume a lot of "gas" (fees) on the Blockchain.

Nonetheless, Ethereum's constant development will allow it to improve over time. We might reach a point where fees are negligible making interaction with smart contracts seamless. Until then, we're going to be stuck with high fees for a while. With so many competitors on the market, high fees and slow transaction confirmation times on ETH will no longer be a concern among people in the mainstream world. Just my opinion