Ethereum 2.0 what to expect

[tvplus006]

It seems like that ethereum developers are changing its plan to not eliminate the miners. As far as i know that miners have been significantly contributing to the network. I do believe ethereum will be going to the hybrid mode. Miners have no power to manipulate the traffic dude, Think again

With the introduction of the London fork, the remuneration for miners has significantly decreased, which has become less by the amount of burned Ethereum. And along with a decrease in remuneration, miners will transfer their equipment to mining other coins, which may lead to an increase in the commission in the network.

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[velosepur]

Eth have high costs of transfers. New version 2.0. will bring low costs for users I hope and we have to wait a bit more. We need to be patient, that all we know sure.

[velosepur]

As developers keep improving the ethereum blockchain, even though previous ethereum hard forks failed to solve the problem of high fees in the ethereum blockchain.

But with the new London fork proposal 1559 which will offer a new fee system that burned all transactions fees instead of miners determining the fees, this will remove more ethereum from circulation causing demand to rise because of scarcity which will ultimately lead to an increase in price and fewer transactions on the ethereum network.

What are your expectations from this and how it will affect the overall ethereum ecosystem?

That's some pretty awesome update, the part that got me was the part where fees will be burned instead of been given to miners, also the decrease in supply of Ethereum is a huge one, these will definitely make Ethereum even more valuable, I think once the ETH 2.0 goes live we might see Ethereum at $10,000,honestly this is really huge Ethereum will be a blast after this upgrade is done.

Sure good update and will bring nice improvement which will reflect on eth regarding usage and price too. But we need to wait, date we dont have so patience is key 

[cryptomaniac_xxx]

Eth have high costs of transfers. New version 2.0. will bring low costs for users I hope and we have to wait a bit more. We need to be patient, that all we know sure.

That's what the original plan is, to minimised the transaction fees because everyone is complaining, there are some projects that move away from ETH and go to BSC because of this one. But I heard that the fees are still high though despite the roll out of ETH 2.0, that's what I read so I'm surprised to hear that.

As for the burning, it brings good and bad news, for investors it might mean that with the supply dwindling the price might go high in the future. The bad news is that it's not always been the case for mot altcoins, so we will have to see the effect in the next coming years.

[tyz]

The interesting part of ethereum London fork for me is the burning mechanism,  the fact that there will be lesser and lesser ether as transaction occur on ethereum network  will help with inflation,  the fear of unlimited supply and demand!  The miner have held users at the jugular for some time as a result of high fee.  Transaction fee on ethereum should be predictable now and the network should be more decentralised!

I think inflation is not a problem. Firstly because it is not high and secondly because the network is growing faster than new coins are being created. If inflation were a problem, the price per Ether would have decreased rather than increased in the past. So I expect that the additional burning mechanism will rather ensure that ETHER will develop even better in price.

[cryptoknows]

As developers keep improving the ethereum blockchain, even though previous ethereum hard forks failed to solve the problem of high fees in the ethereum blockchain.

But with the new London fork proposal 1559 which will offer a new fee system that burned all transactions fees instead of miners determining the fees, this will remove more ethereum from circulation causing demand to rise because of scarcity which will ultimately lead to an increase in price and fewer transactions on the ethereum network.

What are your expectations from this and how it will affect the overall ethereum ecosystem?

Don't you think the event paradox? The price will definitely rise, and with the rise in prices and the congestion of the ethereum network, the gas will not fall below 40-50, this is obvious, and if the rate falls, the amount of gas will be much higher. These are all Two sides of the same coin. Only cross-chain projects such as Solana, DOT, Near will help the ETH ecosystem. With the help of their technologies, the throughput of the eth ecosystem will grow, as well as the ecosystem of ETH and similar related projects will grow.

[pawanjain]

As developers keep improving the ethereum blockchain, even though previous ethereum hard forks failed to solve the problem of high fees in the ethereum blockchain.

But with the new London fork proposal 1559 which will offer a new fee system that burned all transactions fees instead of miners determining the fees, this will remove more ethereum from circulation causing demand to rise because of scarcity which will ultimately lead to an increase in price and fewer transactions on the ethereum network.

What are your expectations from this and how it will affect the overall ethereum ecosystem?

Don't you think the event paradox? The price will definitely rise, and with the rise in prices and the congestion of the ethereum network, the gas will not fall below 40-50, this is obvious, and if the rate falls, the amount of gas will be much higher. These are all Two sides of the same coin. Only cross-chain projects such as Solana, DOT, Near will help the ETH ecosystem. With the help of their technologies, the throughput of the eth ecosystem will grow, as well as the ecosystem of ETH and similar related projects will grow.

That might be true. Solana and Polkadot are some good blockchains with interoperability and their ecosystem might act as a catalyst for Ethereum network.
Even I think that these blockchains will co-exist and will probably help each other to create a vast global network with growing number of usecases.

[VanDeinsberg12]

Eth have high costs of transfers. New version 2.0. will bring low costs for users I hope and we have to wait a bit more. We need to be patient, that all we know sure.

Im  not sure about that. I didn't even see the blocksize has become a priority in the update. that means if there could be yes or not. Ethereum may get a cheap fees or never.
it depends on what kind of update that will come soon and if there will be a blocksize increase and that would be fine.

[velosepur]

Eth have high costs of transfers. New version 2.0. will bring low costs for users I hope and we have to wait a bit more. We need to be patient, that all we know sure.

Im  not sure about that. I didn't even see the blocksize has become a priority in the update. that means if there could be yes or not. Ethereum may get a cheap fees or never.
it depends on what kind of update that will come soon and if there will be a blocksize increase and that would be fine.

Reason why I expect that is simple. If they dont fix high costs of transfers people will try to avoid transfers and switch to bsc and others. We will see, cant be sure, just expectation.

[Dragonfund]

The ethereum London hard fork will eliminate miner hold on the ethereum blockchain. The transaction fees will now reflect the true network system, miners will no longer manipulate the network just to increase transactions fees.

But its hasn't changed anything so far, ether are burnt everyday since the hard fork and I am yet to see it effect because right now, the fee are still crazy especially now that the whole market is green and seems we are about to get into another bullrun wave. I really hope the same high fees wouldn't comes back. I made transaction of ether ( not ERC-20) and I was shocked when the transaction fee was around $5.6. That's still high mehn

[velosepur]

The ethereum London hard fork will eliminate miner hold on the ethereum blockchain. The transaction fees will now reflect the true network system, miners will no longer manipulate the network just to increase transactions fees.

But its hasn't changed anything so far, ether are burnt everyday since the hard fork and I am yet to see it effect because right now, the fee are still crazy especially now that the whole market is green and seems we are about to get into another bullrun wave. I really hope the same high fees wouldn't comes back. I made transaction of ether ( not ERC-20) and I was shocked when the transaction fee was around $5.6. That's still high mehn

High fees is bad really, but it drops then go high again. Just checked, it is 35 gwei. Still high. Eth needs to solve high fees problem, hope will be done 2.0. soon.

[zasad@]

Eth have high costs of transfers. New version 2.0. will bring low costs for users I hope and we have to wait a bit more. We need to be patient, that all we know sure.

Im  not sure about that. I didn't even see the blocksize has become a priority in the update. that means if there could be yes or not. Ethereum may get a cheap fees or never.
it depends on what kind of update that will come soon and if there will be a blocksize increase and that would be fine.

Gas limit has long been increased to 30,000,000
If you do not want to pay large commissions, then you will have to use solutions of the 2nd level, for example, optimism or polygon.
Interesting moments happen on the Ethereum network when more coins are burned in 1 hour than miners mine
https://twitter.com/ethburnbot/status/1425230784164556803?

And there is even such a commission

[lixer]

As developers keep improving the ethereum blockchain, even though previous ethereum hard forks failed to solve the problem of high fees in the ethereum blockchain.

But with the new London fork proposal 1559 which will offer a new fee system that burned all transactions fees instead of miners determining the fees, this will remove more ethereum from circulation causing demand to rise because of scarcity which will ultimately lead to an increase in price and fewer transactions on the ethereum network.

What are your expectations from this and how it will affect the overall ethereum ecosystem?

What I expect is a lot smaller gas fee, if that doesn't happen then all of this is for nothing. However I am also expecting a good amount of profit as well for me, I do not have 32+ ethereum, but I am working on it, if one day I could actually do that, then I am going to definitely do that, I am going to buy 32 eth and then put it on stake and then make profit from it, the amount I will be making from it will go towards buying other stuff as well and grow my portfolio, I can sell everything right now and it doesn't even make 10 eth just yet, or there about for now, I need to make 3x profit on what I have right now to get there, afterwards it is easier to make money because every year I will have enough to actually buy other coins and tokens, and they will make me some profit too hopefully.

With that being said, profit is not the only thing, there will be a technological proof that POS works too, which matters a lot.

[Republikcoin.com]

I think it will have an impact on the increase in the price of ETH, we know that every day there are so many ETH transactions and also after becoming V2.0 the supply of eth will be limited and will not continue to decrease because of the burning of fees carried out like now, maybe the price of eth will reach 10k $ or more.

of course the price will go up when Ethereum 2.0 is successfully released. In addition, many sectors of the Ethereum ecosystem will experience rapid development. Indirectly, the users of ERC-20 tokens will grow and also the number of transactions that occur on the Ethereum blockchain network will increase drastically.
Low transaction fees will affect traffic density on a blockchain network. In addition, transaction speed is also a consideration so that users prefer the related blockchain platform.

ETH 2.0 will do just that and if it works, then BNB will have to prepare for other innovations.

[tvplus006]

The ethereum London hard fork will eliminate miner hold on the ethereum blockchain. The transaction fees will now reflect the true network system, miners will no longer manipulate the network just to increase transactions fees.

But its hasn't changed anything so far, ether are burnt everyday since the hard fork and I am yet to see it effect because right now, the fee are still crazy especially now that the whole market is green and seems we are about to get into another bullrun wave. I really hope the same high fees wouldn't comes back. I made transaction of ether ( not ERC-20) and I was shocked when the transaction fee was around $5.6. That's still high mehn

The commission on the network is not related to the burning of coins, which was introduced by the fork London. Some of the coins that miners previously received for confirming transactions are burned. Thus, the reduction in the number of coins or their burning occurred due to the fact that part of the reward was taken from the miners, after which they began to receive less reward.

[tanjiran]

Ethereum's transaction fee will be reduced, this is what I expect from the new development of Ethereum.  Today I have deposited in an ERC20 token in market and it has a transaction fee of $8. I sold the token for $16. This is pathetic.

This is my question since the hardfork, not even the price pump. When will the price of transaction reduce? I expect something in the value of binance chain and Tron for transaction.

from several articles that I read, apart from the hard fork that reduced the eth supply by 1.4% annually, ethereum also submitted several proposals. Among them are the EIP-1559 proposal which is used to provide arrangements for setting gas fees, and the token burn mechanism. Apart from that, there are many other proposals that serve to make the basic gas fee price, hopefully the gas fee can be more controlled.
For more information, you can read here
https://www.coindesk.com/ethereum-london-fork-launch-date-august

[Traderbtcc]

The London fork has been one of the most talked about topic for a while now and it's feels good to actually see the EIP 1559 finally executed after the delay, tbh I never read the proposal or knew what to expect from this London fork, I only heard about it in sometime during May after the proposal was accepted and now its live and have been hearing about eth burn for over a week now, probably the main reason why Ethereum price skyrocketed to $3k so fast, after this EIP-1559, I will be expecting chaos when eth 2.0 goes live, it will pump even harder.

[DarkIT]

As developers keep improving the ethereum blockchain, even though previous ethereum hard forks failed to solve the problem of high fees in the ethereum blockchain.

But with the new London fork proposal 1559 which will offer a new fee system that burned all transactions fees instead of miners determining the fees, this will remove more ethereum from circulation causing demand to rise because of scarcity which will ultimately lead to an increase in price and fewer transactions on the ethereum network.

What are your expectations from this and how it will affect the overall ethereum ecosystem?

Long waiting for my beloved darling ETH 2.0. I had planned to inverse my profit from Ethereum into upcoming 2.0. Like this we need to keep on investing for the decent profit in short period. Reinvestment is important one in the trading,most of traders skipping reinvestment. They just keep the profit for their expenses, instead of investing again.

[yohananaomi]

ethereum 2.0 in my opinion can have an effect for gas costs which may be smaller than before but hopefully when demand is high and the etheruem blockchain network increases hopefully the gas costs for making transactions also don't go back to being expensive again.

We hope that what ethereum does by innovating is a complete change, including issues that have been a problem so far, enough to be discussed so that many other platforms emerge to avoid the high costs that ethereum does. hopefully what is done with eth 2.0 will be able to accommodate one of the high-cost ethereum, hopefully what we hope can be realized.

[Tigerheart3026]

As developers keep improving the ethereum blockchain, even though previous ethereum hard forks failed to solve the problem of high fees in the ethereum blockchain.

my expectation was that the gas fee would go down a lot, although after a few days hardfork was over and there was no reflection yet, i think it would progress slowly.

due to the high fees, many people are unable to use eth blockchain,
without eduction there are scope to use this expensive network.