Eth 2.0 Impact on Eth

[Cherylstar86]

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

Maybe there's a slight advantage that we should look after now, because as I've observed gas fee also saturated and not much expensive compared from previous. This is a great development for ethereum in the first place, so we must expect more positive changes coming.

[rodskee]

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.

Finish? there is  a time frame for this project and it must be done accordingly mate and not just like what you need.
Ethereum 2.0 is still on progress and i know that there will be enough plans Vitalik Buterin towards this launch .

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.

and this will add protection for the transaction fee issue as well because this is the main problem what ethereum network is experiencing now.

[Kelvinid]

I'm looking forward to seeing a huge impact in regards to its transaction fee and certainly to expect it helps to lower it down. Which is the main concern to all of us. And if this going to happen after the upgrade, and the chances are those people who are currently using BSC might turn back to ETH.

The only we have for now is just optimism, we still not know what really be happening and the sole purpose of this upgrade until such a time that it was done and see its effect. We are waiting for this for about a year and I hope we don't get disappointed with the results.

[DU18]

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

Maybe there's a slight advantage that we should look after now, because as I've observed gas fee also saturated and not much expensive compared from previous. This is a great development for ethereum in the first place, so we must expect more positive changes coming.

after ethereum experienced a price increase which was triggered by the many defy projects that occurred on the ethereum network, gas costs on the platform also increased, but now along with the development of ethereum 2.0, gas costs have started to decrease slightly and are almost close to normal costs, As we all know, Ethereum 2.0 was created to increase the speed, efficiency and scalability of the Ethereum network, so that the Ethereum blockchain can process more transactions and reduce congestion on the network.

[Dollar_Hunter]

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

Maybe there's a slight advantage that we should look after now, because as I've observed gas fee also saturated and not much expensive compared from previous. This is a great development for ethereum in the first place, so we must expect more positive changes coming.

after ethereum experienced a price increase which was triggered by the many defy projects that occurred on the ethereum network, gas costs on the platform also increased, but now along with the development of ethereum 2.0, gas costs have started to decrease slightly and are almost close to normal costs, As we all know, Ethereum 2.0 was created to increase the speed, efficiency and scalability of the Ethereum network, so that the Ethereum blockchain can process more transactions and reduce congestion on the network.

That's a good thing although the transaction fees are not as cheap as Binance Smart Chain,
but with the cost reduction at least there is hope for the future,
and let's hope that after ethereum 2.0 is released it will make the transaction fees cheap

[JeffBrad12]

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.

I hope so but anything related to the ethereum 2.0 already planned since last year but remembers that the execution needs a lot of process. it's not about to give a minor change to the network but it will be re-structuring the network to migrate into the POS consensus and that will need a lot of time to do that caused by ethereum has become the most popular smartcontract protocol.
It must have passed any audit to make sure there will be no vulnerability that can affect all of the projects built in ethereum.

[inoes]

~snip

I hope so but anything related to the ethereum 2.0 already planned since last year but remembers that the execution needs a lot of process. it's not about to give a minor change to the network but it will be re-structuring the network to migrate into the POS consensus and that will need a lot of time to do that caused by ethereum has become the most popular smartcontract protocol.
It must have passed any audit to make sure there will be no vulnerability that can affect all of the projects built in ethereum.

I fully agree, everything you wrote. But fact is 2.0 have to be in use this year. If they want not o late. I am wrong maybe but bsc is stronger every month.

it's true, this year's BSC is like 2017's the ETH, where there are many new projects from legal ones, scams and Rug.
One reason that many BSC projects have sprung up is the issue of gas costs.
Maybe this is also what makes BSC not only being looked at as an alternative to Blockchain, because there have been many other chains with cheap fees such as solana, fanthom, tron and so on. so eth 2.0 is still the same eth but with fixes for various problems, one of which is gas fee