Is Ethereum going to Die?

[Winscosinally]

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.

That's your own thought, more people will still prefer to keep using ethereum even if transaction fee is high, in 2017 when ethereum gas fee was over 10$ many keep using, no one said it was over because of gas fee, it's just that it will be harder for those who have low quantity of ethereum

[Inkdatar]

Why would Ethereum die because of transaction fee? I as a person im still willing to use ethereum even if gas fee skyrocket like that of 2017, those who are complaining about gas fee have very low to none Ethereum that's why but even saying ethereum could die because of gas fee is ridiculous

Seems Op is not a true supporter of ethereum, fees may possibly reduce in the future since this project is still on improvement. We all know that there are many users of this platform and even use smart contracts for the project. I can’t see the possibility of ethereum to die rather it will grow in the future and even more in demand.

[CuriousGeorge]

This time those smartcontracts project other than ethereum scalable enough and this time those projects didn't even make ethereum go out from the second position in CMC.
I think that those smartcontracts have no chance to be ethereum killers. Almost all of the defi and IEO platforms on binance were using ERC20 tokens while another platform didn't get enough demand from market for tokenization

[Lintel]

I don't think so. The price of Ethereum now is that that really good compare to the previous years back but remember the Ethereum  price was only started like 11 usd way back when its launched. Also Ethereum has its name already in the crypto world, so I don't believe it will die and gone. It has been the top 2 cryptocurrency for a long time next to bitcoin.

[ije07]

I don't think Ethereum will die. This project is still in the trust of many people and if I'm not mistaken the team is working on improvements to this project, especially with the problem of expensive transaction costs. I am also a little disappointed by the current high ETH transaction fees, but I am sure this problem will be resolved soon. The market has recovered, Bitcoin has pumped quite well and has had an impact on ethereum's price too so, what else is the problem besides expensive transaction fees or transaction bottlenecks?

[smyslov]

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.

Ethereum is not going to die because there is congestion in their network and because of the doubling of their fee, it can be stabilize and in the course it will go back to normal just like what happen in the past, if something is wrong that does not mean that it's the end for the top coin in the market, they have not reached their status only to die on something that can be fix overtime.

[Lantind]

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've seen you logged into this forum since 2018, but do you know how Ethereum has developed since then? or do you know since when Ethereum was born then developed slowly so that it becomes popular as it is today? If you don't know about it, it's a good idea to read about Ethereum first, in this case I don't blame what you say, but until now the Ethereum platform is still widely used by people in crypto even though sometimes the transaction fees are expensive and there are other platform options like, Binance, EOS, PolkaDot which they are also good.

[CODE200]

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.

Ethereum is not going to die because there is congestion in their network and because of the doubling of their fee, it can be stabilize and in the course it will go back to normal just like what happen in the past, if something is wrong that does not mean that it's the end for the top coin in the market, they have not reached their status only to die on something that can be fix overtime.

Ethereum won't die for such reason, that's how development works. ETH 2.0 could be the solution to this problem. If it is just fees which are the problem, not to mention traffic in transactions, I do believe that its team could work things out, we just need to give them time to fix things. Ethereum likewise with Bitcoin, has a large community of users and that is I think, enough to not let this digital currency to fall completely. Maybe we just need to work, and for sure problem won't be permanent.

[martina14]

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 don't know why did you ask this none sense question. Perhaps, you know that Ethereum is most often the place every time
there is a new projects that will arise in this business industry. Though, there are several altcoins out there also where they doing the same thing as what ETH did in terms of some of the features.

[1l1l11ll1l]

I agree with you due to the high fee, especially when making any transaction in UniSwap. Sometimes it shows in hundreds of dollars. I think this is the Uniswap type website side fee?

Ethereum will have a major update soon, gas fees issue should be resolved by ethereum 2.0. I also don't think that people will easily leave Ethereum considering that Ethereum is one of the strongest top coins today.

[icekohl]

I agree with you due to the high fee, especially when making any transaction in UniSwap. Sometimes it shows in hundreds of dollars. I think this is the Uniswap type website side fee?

Ethereum will have a major update soon, gas fees issue should be resolved by ethereum 2.0. I also don't think that people will easily leave Ethereum considering that Ethereum is one of the strongest top coins today.

We have less than a month and more than 400k ETH need to deposit into Ethereum staking smart contract to enter phase 2 of ETH 2.0. I don't think it's easy to achieve, and ETH 2.0 still remains a big question about its capabilities.

[Wenbing]

The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

There is what we called competition by innovation and differentiation in business. A weakness of one crypto platform for instance etheruem is an opportunity for others to leverage thereby taking over the market share.

As a matter of fact, that is what is going to happen in this space when very innovative projects emerge.

[ven7net]

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 don't think they suddenly started using ETH less, just a turnover. The growth of commissions shows that projects of the Ethereum network have become in great demand and this is in no way similar to what you write. At the expense of other platforms that they can take the place of ETH, well, let them try, because this conversation has been going on for several years, but Ethereum, as a leader, remains so. You need to understand that Ethereum is not just a cryptocurrency, it is a whole ecosystem with a developed infrastructure, as well as a great demand.

[2tang]

We have less than a month and more than 400k ETH need to deposit into Ethereum staking smart contract to enter phase 2 of ETH 2.0. I don't think it's easy to achieve, and ETH 2.0 still remains a big question about its capabilities.

A lot of information is circulating if ETH 2.0 will be coming soon this year, but until now there is still no definite information whether Ethereum 2.0 will actually be launched this year or should it be delayed longer? It is true that ethereum has sent a large amount of eth into their smart contracts, but of course this is not a certainty if ethereum will be launched soon, but at least with the launch of ethereum 2.0 it can increase the speed, efficiency and scalability of the Ethereum network so that it can process more transactions .

[Ozero]

Nothing bad should happen to ethereum.  There are network congestion problems, but they may soon be resolved with the launch of Ethereum 2.0.  The congestion of the ethereum network was not due to any fatal system errors, but due to the increasing popularity of ethereum.  Therefore, I do not see any serious danger for this coin.

[zaim7413]

It is unlikely to happen soon,maybe in 10 or 20 years there will be a token that will be cooler than eth,but so far it is little believed.

Yes, and that is if it is possible, because it has been a long time since everyone has seen that not a single token has been able to shift ETH from its current position and the use of the ETH platform is still very large and still very trusted by all crypto circles.

[pandanaran]

very unlikely if ethereum will die soon, where do we start while the supply of ethereum coins is still large, the coin price is also high, the demand in the market is always increasing, ethereum has been listed on most exchanges in the market, they have a reliable team, many believe in this Eth altcoin, it has smart contracts even most of the projects use the erc20 platform and there are many more advantages that Ethereum itself has.

[Gayong88]

Of course not. Ethereum will always keep pace with market behavior. Regarding the increase in gas costs in the previous month, if I observe, it is reasonable because the parties have a share in the major changes in the market, either related to the purchase of new assets or the liquidation of their ownership.

[Princejebs]

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.

The only problem and challenge ethereum network has failed to solution is scalability. Developers are doing anything they can in their power to improve the network but you should know that even with Eth2.0 that is coming, scalability is far from being achieve soon.
The fee will not drastically reduce as people has expected, rigorous test of the network and updates will keep coming as we progress. I believe that can be fully achieved in the future.
About your last paragraph, Blockchain network wouldn't go down except if all the node decide to take down the network.

This is the only way ethereum can be scaled, if there should be avway better way, Vitalik would have proposed the solution.
From ICO, perhaps they never expected the network to be this huge with adoption they would have find a better solution before the launch.

[gantez]

If etheruem is having huge fees lately that I have not noticed that but high fees won't kill etheruem because bitcoin also has huge fees from time and even at the moment now it is bulling, etheruem won't die because is a strong project.