ETH 2.0 And High Transaction Fees..

[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.

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[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)