ETH 2.0 is LIVE!!

[Eedward]

ETH 2.0 beacon Chain is officially LIVE 🚀

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[Cornia]

Great news for crypto lovers. We are eagerly waiting for Ethereum 2.0. Finally our wait is over. I hope Ethereum transaction will be faster now and transaction fee will be reduced. We are all embarrassed by Ethereum's high transaction fee.  Hopefully new technology will solve this problem.

[CryptoTech_]

Great news for crypto lovers. We are eagerly waiting for Ethereum 2.0. Finally our wait is over. I hope Ethereum transaction will be faster now and transaction fee will be reduced. We are all embarrassed by Ethereum's high transaction fee.  Hopefully new technology will solve this problem.

I see that the current GAS price is increasing, and the ETH price is decreasing. What is going on ? isn't this what we've all been waiting for?

[awakpane]

Hopefully, the presence of Ethereum 2.0 will solve the problems that have been happening in Ethereum, for example scaling and expensive gas fees. So, Ethereum 2.0 will have a much larger capacity to accommodate the number of transactions in DeFi applications. Then, DeFi players will keep popping up

[ethereumhunter]

We will see if the update from ethereum can give a good effect to the price or the price needs time to increase, but I see that the price can start increase although the price is not directly to jump higher. The ethereum price will be increased sooner or later, and hopefully, the demand from people to buy ethereum will also increase because they want to try the new update from ethereum. We need to be patient with this, and if you are curious about the staking from ethereum, maybe you can try it by yourself.

[safari88]

ETH 2.0 beacon Chain is officially LIVE 🚀

quoting for image.

it's really nice that the ethereum 2.0 is now live no doubt that the price of ethereum is increasing. that's nice that they already reached the threshold do you think it would be nice to invest to ethereum now that they release the 2.0?

[cryptworld]

This is just the first step of the ETH 2.0 launch. This won't extend ETH capacity until Shards are introduced. https://ethereum.org/en/eth2/shard-chains/. But definitely, a huge step forward.

[Banulit]

Its a very huge and great news to all the crypto enthusiasts. Because of this great development and event to ethereum it will resolve and fix several issue of its blockchain. Also, because of this many potential investors will be attracted by this enhancement and development.

[Beparanf]

This is just the first step of the ETH 2.0 launch. This won't extend ETH capacity until Shards are introduced. https://ethereum.org/en/eth2/shard-chains/. But definitely, a huge step forward.

Yeah, Sharding will make there TPS boost dramatically. I don't what's the current TPS or if its available but this news will good once they show the performance of the new blockchain.

It's good to buy ETH right now since this update means they are moving toward to a successful project unlike before that ETH V2.0 feature is just a speculation. Great to see this thread. 

[goaldigger]

We heard it right and finally!
I can't wait to have some fund and do the staking with ETH, I wish I can still afford it. Anyway, expect the price to continue to rise because ETH successfully launch their staking program and I'm sure the upcoming updates will also become successful later on. Its good to hold ETH seriously, this is a top altcoin that you should not forget to hold.

[Mpamaegbu]

I see that the current GAS price is increasing, and the ETH price is decreasing. What is going on ? isn't this what we've all been waiting for?

I guess it's the usual teething issues normally associated with new inventions. It will subside with time, I believe. I'm glad that 2.0 version is up running simply because I want to see all those prospective projects waiting for it to kick up to now start. There are no excuses any more for them.

BTW, we are soon going to get the forum flooded with threads on ETH 2.0 this and that...

[bitmover]

This is just the first step of the ETH 2.0 launch. This won't extend ETH capacity until Shards are introduced. https://ethereum.org/en/eth2/shard-chains/. But definitely, a huge step forward.

yeah, this is correct.

This is the first time a huge project implements PoS (other projects with PoS were very small). This is amazing and it will open many possibilities, as we will be able to test PoS in large scale and see how the  network economy will respond. Also, it will be good to see the (de)centralization effects. Also possible security side effects.

However, as you said, the fees are still pretty high as the TPS remains the same. This is why the price and fees are stuck.

[omone1]

I followed a friend status that it may take till 2022 for ETH2.0 to be fully implemented that it's in four-4 stages and this is just stage 0, so don't expect gas fee to suddenly go down. It's a nice start though.

[TopT3ns]

even though ethereum 2.0 has been launched but it is really very sad because it can't make ethereum prices go up and of course this makes many investors who put 32 ethereum in this project very disappointed because they cannot get a large profit. I hope that in the future it can still provide good hopes for investors.

[NewRanger]

This is just the first step of the ETH 2.0 launch. This won't extend ETH capacity until Shards are introduced. https://ethereum.org/en/eth2/shard-chains/. But definitely, a huge step forward.

atleast we moved one step ahead to ethereum 2.0 and we will see crypto community response about it and its  impact to ethereum price in near time. we still have another step before ethereum 2.0 finally launched. hopefully all step will run smoothly and there is no probelm at all.

I followed a friend status that it may take till 2022 for ETH2.0 to be fully implemented that it's in four-4 stages and this is just stage 0, so don't expect gas fee to suddenly go down. It's a nice start though.

based on what i read its true and we still need more to time see final version of ethereum 2.0 . gas could not instantly down meanwhile sharding not applied yet, so network still full load at this moment.

[montaga]

Great news for crypto lovers. We are eagerly waiting for Ethereum 2.0. Finally our wait is over. I hope Ethereum transaction will be faster now and transaction fee will be reduced. We are all embarrassed by Ethereum's high transaction fee.  Hopefully new technology will solve this problem.

I see that the current GAS price is increasing, and the ETH price is decreasing. What is going on ? isn't this what we've all been waiting for?

Yes everone was waiting to sell the news, did you not?
When Eth 3.0 ?

[imstillthebest]

Great news for crypto lovers. We are eagerly waiting for Ethereum 2.0. Finally our wait is over. I hope Ethereum transaction will be faster now and transaction fee will be reduced. We are all embarrassed by Ethereum's high transaction fee.  Hopefully new technology will solve this problem.

I see that the current GAS price is increasing, and the ETH price is decreasing. What is going on ? isn't this what we've all been waiting for?

gas price should decrease when price of eth falls down because that is what others are doing but if the gas price still expensive and price is low i think there must be a bug thats going on thier first released but that bug can be fixed soon .

 i check eth price of eth right now and it was over 600 atm, that wasnt small and maybe that is the reason why you got a high gas cost but you didnt check the price of eth earlier .
 eth 2.0 have other purpose and it may not be all about fixing the fee or to make the transaction faster and its only on its phase zero  . dont pressure them guyz or dont expect too much

[atjiat]

I believe it will take time to get all the results we've all been waiting for, and don't expect Ethereum prices to immediately rise and transaction costs to drop. I believe that one of the main advantages of Ethereum 2.0 is transaction speed.

[MandatoryOption]

Great news for crypto lovers. We are eagerly waiting for Ethereum 2.0. Finally our wait is over. I hope Ethereum transaction will be faster now and transaction fee will be reduced. We are all embarrassed by Ethereum's high transaction fee.  Hopefully new technology will solve this problem.

I see that the current GAS price is increasing, and the ETH price is decreasing. What is going on ? isn't this what we've all been waiting for?

Beacon chain is only phase 0, the shard chains are planned for 2021 and sometime in 2021 the current ETH1.0 is set to join ETH2.0 as one of these shard chains. It's still a long way until the final phase of the ETH 2.0 upgrade is completed and the shard chains all support smart contracts. Only then will ETH 2.0 bring the needed scalability (Source for further reading: https://cointelegraph.com/news/ethereum-2-0-s-long-and-winding-road-to-scalability-launch).

[V8x8d]

ETH is a joke. Who would use a crypto that costs $14 per transaction?