Eth 2.0 Impact on Eth

[LUCKMCFLY]

Vitalik gives and explains to the ETH community that the update has taken a long time, that sometimes it usually takes longer than expected, when things get complicated, any detail results in the resolution of more problems to reach the goal:

Even Vitalik Buterin is surprised at just how long Eth2 is taking

“We thought it would take one year to do the proof-of-stake, but it actually takes six years. If you are doing a complex thing that you think will take a while, it’s actually very likely to take a lot more time.”

Source: https://cointelegraph.com/news/even-vitalik-buterin-is-surprised-at-just-how-long-eth2-is-taking?_ga=2.249107975.1631946973.1622469766-1822102485.1580788659

Vitalik also makes us see that there are certain cracks with the developers, because he emphasizes that sometimes the technical problems are not all that they have to do but problems with people ... They may have everything ready before 2022, for now it's time expect.

[monineklutak]

Since the launch of Eth 2.0 seems to be earlier, will this news drive the price of Eth 1.0 down ?

there is no need for news about this, the price of Ethereum has fallen more than 50% because the price of Bitcoin was dumped,
yes I understand all the feelings of the holders, I myself am also very disappointed with the current price of Ethereum, but since the launch of Ethereum 2.0,
the problem is about fees there is still no clarity, hopefully fees on ethereum can be very cheap like BSC

[Woodie]

I got it, the misconfusion was due to the separation between eth and eth classic, i though they might do the same with eth 2.0

Ethereum and Ethereum classic are two different coins to be precise eth classic is actually built on the Ethereum blockchain.

As of eth 2.0 this isn't some kind of hard fork of Ethereum, this is just some kind of soft fork to make Ethereum better and more attractive to its users which should fix some of its flaws .

[Eth 2.0 Impact on Eth/quote]
Impact will have to go to seeing to it fees are kept low to keep the smart contract coin competitive.

[tabas]

There's some news about ETH 2.0 coming from Vitalik.
Even Vitalik Buterin is surprised at just how long Eth2 is taking
Cryptocurrency : Vitalik Buterin says the Eth2 challenge goes beyond technical issues

[RbiggerG]

There's some news about ETH 2.0 coming from Vitalik.
Even Vitalik Buterin is surprised at just how long Eth2 is taking
Cryptocurrency : Vitalik Buterin says the Eth2 challenge goes beyond technical issues

It is a complicated issue as it is with every large update. I don't know if they some problems like Bitcoin and Bitcoin Cash back then? But I would not know why that could be the case.

Whatever but these updates are probably discussed in the slightest detail and I am sure there is no consensus all the time between them. Especially if you consider that the development individually has money at stake, which is good for the community but also leads to discussions because all of those brilliant minds on the Ethereum development team has their own opinion.

[DrearyUrbanite]

There's some news about ETH 2.0 coming from Vitalik.
Even Vitalik Buterin is surprised at just how long Eth2 is taking
Cryptocurrency : Vitalik Buterin says the Eth2 challenge goes beyond technical issues

It is a complicated issue as it is with every large update. I don't know if they some problems like Bitcoin and Bitcoin Cash back then? But I would not know why that could be the case.

Whatever but these updates are probably discussed in the slightest detail and I am sure there is no consensus all the time between them. Especially if you consider that the development individually has money at stake, which is good for the community but also leads to discussions because all of those brilliant minds on the Ethereum development team has their own opinion.

But they can do so much testing that t should be relatively safe. There have been other forks although this is of course a huge one where all players have to agree. It should go well and hopefully have good effects.

[RbiggerG]

There's some news about ETH 2.0 coming from Vitalik.
Even Vitalik Buterin is surprised at just how long Eth2 is taking
Cryptocurrency : Vitalik Buterin says the Eth2 challenge goes beyond technical issues

It is a complicated issue as it is with every large update. I don't know if they some problems like Bitcoin and Bitcoin Cash back then? But I would not know why that could be the case.

Whatever but these updates are probably discussed in the slightest detail and I am sure there is no consensus all the time between them. Especially if you consider that the development individually has money at stake, which is good for the community but also leads to discussions because all of those brilliant minds on the Ethereum development team has their own opinion.

But they can do so much testing that t should be relatively safe. There have been other forks although this is of course a huge one where all players have to agree. It should go well and hopefully have good effects.

You would expect that, but everyone knows what it's like when it comes to testing: it is a different situation under different conditions. The range of unexpected externalities can't be simulated. It's like in a penalty shootout in a soccer game where you hit ten out of ten in training but fail in the middle of a stressful game situation.
I am sure they will roll it out successfully but at the same time I understand how thoroughly they proceed.

[tabas]

There's some news about ETH 2.0 coming from Vitalik.
Even Vitalik Buterin is surprised at just how long Eth2 is taking
Cryptocurrency : Vitalik Buterin says the Eth2 challenge goes beyond technical issues

It is a complicated issue as it is with every large update. I don't know if they some problems like Bitcoin and Bitcoin Cash back then? But I would not know why that could be the case.

Whatever but these updates are probably discussed in the slightest detail and I am sure there is no consensus all the time between them. Especially if you consider that the development individually has money at stake, which is good for the community but also leads to discussions because all of those brilliant minds on the Ethereum development team has their own opinion.

Not really a problem but a fork happened in the past. The original Ethereum back then was ETC and then the fork was named ETH which is now Ethereum, cmiiw if some experts find my explanation to be wrong.
But such update shouldn't really be hasten but it's also been a long time since they've promised that update. What's next then? when we're near to said date then they'll extend again? no one knows.

[RbiggerG]

There's some news about ETH 2.0 coming from Vitalik.
Even Vitalik Buterin is surprised at just how long Eth2 is taking
Cryptocurrency : Vitalik Buterin says the Eth2 challenge goes beyond technical issues

It is a complicated issue as it is with every large update. I don't know if they some problems like Bitcoin and Bitcoin Cash back then? But I would not know why that could be the case.

Whatever but these updates are probably discussed in the slightest detail and I am sure there is no consensus all the time between them. Especially if you consider that the development individually has money at stake, which is good for the community but also leads to discussions because all of those brilliant minds on the Ethereum development team has their own opinion.

Not really a problem but a fork happened in the past. The original Ethereum back then was ETC and then the fork was named ETH which is now Ethereum, cmiiw if some experts find my explanation to be wrong.
But such update shouldn't really be hasten but it's also been a long time since they've promised that update. What's next then? when we're near to said date then they'll extend again? no one knows.

Yes but we also don't know their hierarchies and decision processes. What happens if they fundamentally disagree on something before the roll out? Maybe hat delays the whole process by a lot but they might not necessarily share any inside arguments with the public. Hopefully we will get the update and its promised effects rather sooner than later.

[DrearyUrbanite]

There's some news about ETH 2.0 coming from Vitalik.
Even Vitalik Buterin is surprised at just how long Eth2 is taking
Cryptocurrency : Vitalik Buterin says the Eth2 challenge goes beyond technical issues

It is a complicated issue as it is with every large update. I don't know if they some problems like Bitcoin and Bitcoin Cash back then? But I would not know why that could be the case.

Whatever but these updates are probably discussed in the slightest detail and I am sure there is no consensus all the time between them. Especially if you consider that the development individually has money at stake, which is good for the community but also leads to discussions because all of those brilliant minds on the Ethereum development team has their own opinion.

But they can do so much testing that t should be relatively safe. There have been other forks although this is of course a huge one where all players have to agree. It should go well and hopefully have good effects.

You would expect that, but everyone knows what it's like when it comes to testing: it is a different situation under different conditions. The range of unexpected externalities can't be simulated. It's like in a penalty shootout in a soccer game where you hit ten out of ten in training but fail in the middle of a stressful game situation.
I am sure they will roll it out successfully but at the same time I understand how thoroughly they proceed.

It is also not like they are rolling out their first update. The fact alone that they have built Ethereum from scratch provides them with so much expertise that I don't see any issues arising they couldn't or didn't anticipate. Still though there is always some risk involved. Buterin himself says that repeatedly.

[ene1980]

Vitalik gives and explains to the ETH community that the update has taken a long time, that sometimes it usually takes longer than expected, when things get complicated, any detail results in the resolution of more problems to reach the goal:

Some in the cryptocurrency space knew that it was not going to be that easy and i never expected ETH to rally because of the complicated routine they are undertaking an one miss step will crash everything. So finally the brilliant mind of Vitalik understood that changing the algorithm to POS will take 6 years, which i had no clue but i knew it is going to be a hard process considering how much application and spam is run on the entire blockchain and to completely shift that in one go is not even possible.

[AmoreJaz]

That's why i asked this question, not everyone can track all technical attributes of all altcoins.

Then learn to listen to everything from people, work hard to learn from those who have gone before, and this market information is also very sought-after. Here people will help you with a generous attitude, I just want to advise you to be patient for learning.

and everyone can actually search about eth 2.0. nowadays, you can always enrich your knowledge just by hitting the search button.

here are few links that can help others to understand better what will happen with this 2.0 version, sometimes, all we need is just a lil bit of reading and understanding what's going on. in this new version, we will be seeing different metrics on their block explorer which include epochs, slots and attestations. this is interesting, a different perspective of seeing how a block explorer works.

what is eth 2.0
Ethereum 2.0 Explained in 4 Easy Metrics
What Is Ethereum 2.0 and When Will It Happen?

[tabas]

There's some news about ETH 2.0 coming from Vitalik.
Even Vitalik Buterin is surprised at just how long Eth2 is taking
Cryptocurrency : Vitalik Buterin says the Eth2 challenge goes beyond technical issues

It is a complicated issue as it is with every large update. I don't know if they some problems like Bitcoin and Bitcoin Cash back then? But I would not know why that could be the case.

Whatever but these updates are probably discussed in the slightest detail and I am sure there is no consensus all the time between them. Especially if you consider that the development individually has money at stake, which is good for the community but also leads to discussions because all of those brilliant minds on the Ethereum development team has their own opinion.

Not really a problem but a fork happened in the past. The original Ethereum back then was ETC and then the fork was named ETH which is now Ethereum, cmiiw if some experts find my explanation to be wrong.
But such update shouldn't really be hasten but it's also been a long time since they've promised that update. What's next then? when we're near to said date then they'll extend again? no one knows.

Yes but we also don't know their hierarchies and decision processes. What happens if they fundamentally disagree on something before the roll out? Maybe hat delays the whole process by a lot but they might not necessarily share any inside arguments with the public. Hopefully we will get the update and its promised effects rather sooner than later.

It's out of our scope already whatever happens inside the process. They are the only one that can know, share or keep hiding it to the public if that concern seems to be controversial.
But if we're getting a word from Vitalik himself that it's going to be delayed again for at least a year, then what we should hope for? nothing but to wait.

[blackened515]

Eth 2.0 and Ethreeum (Eth 1.0) are the same. because eth2.0 is a refinement of the first technology. and usually if a coin is experiencing good development, then the price of the coin will increase.

Why do you think Vitalik and his fellow ethereum team members want to develop the blockchain to eth2.0, do you think they will stop at this stage, probably, the network keeps getting new implementation and upgrade, if ETH 2.0 according to it's features of low transaction fee, and others are not finally come to use, then majority of people will leave eth for bsc because of the affordable characteristics bsc has., talking about the price, yes the new development of a project affects the price positively.

[bitterguy28]

Since the launch of Eth 2.0 seems to be earlier, will this news drive the price of Eth 1.0 down ?

Sorry but are you referring that Ethereum 1.0 and 2.0 are opponents? meaning they are competing with each version?
Kind of funny to read this thread because this assure one thing , and that is you really knows nothing about the release and the meaning of this versions.

[Fesatmas]

Vitalik also makes us see that there are certain cracks with the developers, because he emphasizes that sometimes the technical problems are not all that they have to do but problems with people ... They may have everything ready before 2022, for now it's time expect.

So, we see that Eth 2.0 is a highly anticipated event for its release. because with the work that takes a long time, I'm sure Vitalik doesn't want the process to get imperfect results. I'd rather wait a long time, that way we have time to prepare for the reception. maybe some balance should be prepared. imagine the presence of Eth 2.0 is getting closer. so it doesn't hurt us to wait.

[LUCKMCFLY]

Vitalik gives and explains to the ETH community that the update has taken a long time, that sometimes it usually takes longer than expected, when things get complicated, any detail results in the resolution of more problems to reach the goal:

Some in the cryptocurrency space knew that it was not going to be that easy and i never expected ETH to rally because of the complicated routine they are undertaking an one miss step will crash everything. So finally the brilliant mind of Vitalik understood that changing the algorithm to POS will take 6 years, which i had no clue but i knew it is going to be a hard process considering how much application and spam is run on the entire blockchain and to completely shift that in one go is not even possible.

You are right, sometimes the development problems in the blockchain are usually very difficult to correct, sometimes you have the best programmers, but the time required for the updates is insufficient, I wonder if now with this we can do something more with respect to the problem of the fee ?? For some this does not seem to affect them, but to a large extent as time goes by, this type of thing will make the currency lose value. If Vitalik does not establish a strategy to be able to attack this problem and solve it quickly, I think that things are going to get out of hand, and the problem will increase and many will not have the patience for now, it is likely that this will bring him investment level problems in the future.

[elisabetheva]

Eth 2.0 and Ethreeum (Eth 1.0) are the same. because eth2.0 is a refinement of the first technology. and usually if a coin is experiencing good development, then the price of the coin will increase.

I don't understand what you are saying, how can you conclude that eth1.0 and eth2.0 are the same. technologically may be the same but the system developed may be different. the meaning is the same, where is there no change in the system?

Why do you think Vitalik and his fellow ethereum team members want to develop the blockchain to eth2.0, do you think they will stop at this stage, probably, the network keeps getting new implementation and upgrade, if ETH 2.0 according to it's features of low transaction fee, and others are not finally come to use, then majority of people will leave eth for bsc because of the affordable characteristics bsc has., talking about the price, yes the new development of a project affects the price positively.

I agree with you, we know that the current problem in ethereum is the high cost, so changes are made, maybe technologically it can be the same but is there no change in the system that was built. I'm sure there will be feature changes that are updated to be able to provide ethereum can move more dynamically and the speed can be faster with prices that return to the original goal.

if there is no change in what you say, then everyone can leave ethereum to look for an alternative platform that is cheaper and the transaction is fast and many have tried it, but they will not be able to move freely if ethereum can return to the beginning

[Shasha80]

This is period when ETH developers need to act finnaly and finish plans regarding 2,0. BSC is more and more popular as alternative every week.

BSC is increasingly popular because it can provide cheaper transaction fees than ETH, but the ETH team of developers definitely won't let that happen
in the long run. Therefore, ETH developers are not in a hurry to release ETH 2.0, they are preparing carefully, in order to win the competition
against BSC. I believe that if ETH manages to release ETH 2.0, it seems like it can compete with BSC's cheap transaction fees. So in the end ETH will
win the competition to compete with BSC, remember ETH experience is better than BSC, therefore ETH knows how to survive in the crypto world.

[Hypnosis00]

Since the launch of Eth 2.0 seems to be earlier, will this news drive the price of Eth 1.0 down ?

As per the previous announcement, it will happen next month (July) but still, we don't have a confirmed date yet (or I just miss it).
I don't know what ETH 1.0 you mean. This is just an upgrade, it won't affect the previous version.
https://vaultoro.com/what-is-going-to-happen-to-my-ethereum-1-0-coins/

But anyway, I'm not going to excite myself but I was believing that it helps a lot especially for the transaction fees. And I think everyone is waiting for this moment to come, in fact, we have been talking about this since last year.