ETH 2.0 And High Transaction Fees..

[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

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[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