Is Ethereum going to Die?

[plexasm]

I think BNB is a temporary solution for the high fees, it doesn't compete with ETH on decentralization, when ETH solves gas fees BNB will lose much of its purpose.

I do see an interlinked multi-chain future with ETH being the central store of value, and with BTC fulfilling the role of gold.

So the most likely scenario is that ETH isn't going to die in the foreseeable future.

ETH is more decentralized, but it's equally as vulnerable to regulation as BSC, making the decentralization difference negligible. Also the DeFi/NFT traders don't care about decentralization; they only care about an open system they don't need to KYC to use, which you don't need much decentralization for.

A bet on BSC is basically a bet on Binance, for as long as Binance is a dominant player, they will always be able to get users to swap to BSC off of ETH.

ETH can't even handle one chain, nevermind interlinking others; how that's plausible to you is beyond me.

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[sayaya17]

I believe in ethereum as a major pioneer as a smart contract network for alts project projects, where ethereum is now working on fixing that weakness. Indeed, other smart contract networks will take a chance when ethereum is experiencing such problems now because of the high cost of gas. But allow it to give opportunities to other smart contract networks, because indeed they are lower fees than ethereum networks. If ethereum is done in solving the problem, everyone is free for their choice.

[adekogbe]

This is a responsibility of the Ethereum improvement group and i think they see very well the issues that Ethereum is confronting at this moment, consequently causing Ethereum to develop into Ethereum 2.0, The Ethereum 2.0 change is a colossal history for the cryptocurrency and blockchain world.
We are really in need of the Ethereum 2.0 which has been proposed to tackle the issues that have been occurring in Ethereum, for example, scaling and costly gas expenses.

[Simian Finance]

I think BNB is a temporary solution for the high fees, it doesn't compete with ETH on decentralization, when ETH solves gas fees BNB will lose much of its purpose.

I do see an interlinked multi-chain future with ETH being the central store of value, and with BTC fulfilling the role of gold.

So the most likely scenario is that ETH isn't going to die in the foreseeable future.

ETH is more decentralized, but it's equally as vulnerable to regulation as BSC, making the decentralization difference negligible. Also the DeFi/NFT traders don't care about decentralization; they only care about an open system they don't need to KYC to use, which you don't need much decentralization for.

A bet on BSC is basically a bet on Binance, for as long as Binance is a dominant player, they will always be able to get users to swap to BSC off of ETH.

ETH can't even handle one chain, nevermind interlinking others; how that's plausible to you is beyond me.

ETH 2.0 and L2 scaling solutions are more than enough for a multichain ecosystem.

I dont see enterprise level investors putting money on BNB, its an exchange coin. BNB is a temporary hack for small retail investors and pump and dump schemes.

[plexasm]

ETH 2.0 and L2 scaling solutions are more than enough for a multichain ecosystem.

I dont see enterprise level investors putting money on BNB, its an exchange coin. BNB is a temporary hack for small retail investors and pump and dump schemes.

you're betting that the team which has made zero progress on scaling in 7 years will suddenly scale to support the entire ecosystem. you're betting that intelligent, wealthy people with critical thinking and rationality will trust arbitrary decisions of anonymous eth devs with their life savings they wish to preserve for their heirs.


i genuinely wish i had the ability to be this out of touch with reality as you show here

[Sepertiangin]

I am actually thingking and wondering about the same like why do new project make the project base in ethereum chain. And people moving to bsc now i think this is the beginning of the end.

[Dexion]

In my opinion, ethereum is unlikely to die, even though we know that ethereum has begun to be shifted by its rival, BNB, but it cannot be denied that ethereum still has a lot of enthusiasts and most of its projects use ethereum.

The problem with eth is still not resolved but what is surprising is that there are still many people who make transactions even the ETH chart is still stable, this proves that ETH will not just die, maybe BNB is taking advantage of this momentum to grow and this is making the competition a big name in crypto the more merrier.

[Simian Finance]

ETH 2.0 and L2 scaling solutions are more than enough for a multichain ecosystem.

I don't see enterprise level investors putting money on BNB, its an exchange coin. BNB is a temporary hack for small retail investors and pump and dump schemes.

you're betting that the team which has made zero progress on scaling in 7 years will suddenly scale to support the entire ecosystem. you're betting that intelligent, wealthy people with critical thinking and rationality will trust arbitrary decisions of anonymous eth devs with their life savings they wish to preserve for their heirs.


i genuinely wish i had the ability to be this out of touch with reality as you show here

Technically BNB is just a clone of Ethereum tweeked for better performance at the cost of decentralization and security. It has 22 validators. Eth 2 has more than 100000.

And of these 22 it's rumored that most are related to binance.

You think the rich and corporations will put their money on a coin controlled by a select few individuals.

There are other chains already in operation technically superior to eth and bsc, and it's not because  of that they will surpass in value eth or even bnb.

I think you question my reason for self validation and I suspect that is directly tied to your bags.

[no-ice-please]

Ethereum is a massive player in the industry with brilliant minds backing it up. If ETH were to die, rest assured a lot would die along with it.

[triat]

Ethereum is a massive player in the industry with brilliant minds backing it up. If ETH were to die, rest assured a lot would die along with it.

I agree, but if you take a closer look at BSC, you can understand that projects will simply be rebuilt into another network over time and everything will be restored.

[akirasendo17]

That word ethereum going to die, simply will not happen, why? because there are lots of things and application running in the chain, for that to happen there is something wrong or there is no one uses Ethereum chain, but in reality even there are some problems like gas fee, which is not yet resolved there are still companies that believe in ethereum, and if that happens there will be a massive loss that will happen.

[galestorm]

I dont think ethereum would die. It's an essential tool for most projects to create their very own tokens. They are used to create decentralized businesses which are not in existence before. Though the fees are insane, this wont stop traders/investors from using Ethereum's platform because there is no other tool that can provide the same services. Proof? You can see it for yourself in this forum. Majority of projects are ERC-20 tokens which is the technical standard used for all smart contracts on the Ethereum blockchain for token implementation.

[avadonne]

Ethereum won't die. I am one of the supporters too. Usually, there will be lots of competitors because that how business is. There will always be healthy competition in the market. The important is Ethereum is focusing on developing its platform so transfer fees will be solved and other issues from the users.

[amihada]

it is true that ethereum coin will not die now ethereum is increasingly interested by many investors but we do not know in the future how for now ethereum coin may not die.

[Cvetik56]

Yeah, sure it's going to die while it's reaching ATH. And going to do it again.

[capokmerah]

it looks like it's too early to judge Ethereum will end. surely there will be something new that can expand Ethereum's existence in crypto. Ethereum can still do a lot for cryptocurrency development

[rainingbitcoins]

In my opinion, ethereum is unlikely to die, even though we know that ethereum has begun to be shifted by its rival, BNB, but it cannot be denied that ethereum still has a lot of enthusiasts and most of its projects use ethereum.

The problem with eth is still not resolved but what is surprising is that there are still many people who make transactions even the ETH chart is still stable, this proves that ETH will not just die, maybe BNB is taking advantage of this momentum to grow and this is making the competition a big name in crypto the more merrier.

Yes, it indicates that Eth still has strong investors in fundamentals and they are still very skeptical of Ethereum. In the future, we will see who has a good innovation idea who will be the winner. and I think the crypto world will continue to be like that, that's why we often see a lot of trends.

[rainingbitcoins]

it looks like it's too early to judge Ethereum will end. surely there will be something new that can expand Ethereum's existence in crypto. Ethereum can still do a lot for cryptocurrency development

yes you are absolutely right, the same as my thoughts. although for example he got data from somewhere, in fact eth is still strong and getting stronger with evidence that ethereum is getting bullish. the exact opposite of what he expected.

[Snappycoco]

Nope it wont. Ethereum's fixing everything up and they know the problem. Eth 2.0 is the key to this and it'll surely be mooning again.

[Rexler]

I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

I guess you were absolutely right about this, the gas fee on the Ethereum blockchain has made the BSC more famous since it is a prototype of Ethereum blockchain with lesser fees needed for transactions, eth 2.0 is needed real fast in other to stop BSC from becoming the new breeding ground for new upcoming projects in the crypto space, but I guess it still won't be released anytime soon no matter how bad the users want this upgrade.