What will happen with eth 2.0. releasing? Lower fee?

[velo1980]

Hi, do you expect big changes after eth 2.0. come, when will that happen?

[Zotak337]

I know many aren't prepared to see this but ETH will suffer if 2.0 gets here without PoW algorithm, I hope vitalik buterin makes a good decision, yea they plan to put aside pOW for PoS algorithm but I'm sure many new problems will come up and that will hurt the project

[tyz]

I don't believe in lower fees for ETH. The Berlin-upgrade was supposed to result in lower fees, but this has not happened. In fact, the upgrade is currently burning more ETH than new ones are being mined, so we have deflation at the moment. The price is positively supported by this, but the fees also cost significantly more when converted into fiat.
Don't get me wrong, I would like to see significantly lower fees, but I don't see it being realistic.

[bayudndy]

‍Future mainnet launch to ensure that ETH is scalable. This is crucial to its existence. Otherwise, crypto enthusiasts stop using the Network and move to other networks like Cosmos, Tron, Solana, Polkadot, EOS, etc. And certainly this will happen if the implementation is successful.

[MCcryptonia]

I don't believe in lower fees for ETH. The Berlin-upgrade was supposed to result in lower fees, but this has not happened. In fact, the upgrade is currently burning more ETH than new ones are being mined, so we have deflation at the moment. The price is positively supported by this, but the fees also cost significantly more when converted into fiat.
Don't get me wrong, I would like to see significantly lower fees, but I don't see it being realistic.

Imagine what will happen if the deflation keeps going on and ETH switch to proof of stake? ETH will lose its ground if proof of work is lost in the system, the reason why ETH has been adopters favourite since launch is because of the mining part, ETH will be less interesting without PoW

[Williamm07]

‍Future mainnet launch to ensure that ETH is scalable. This is crucial to its existence. Otherwise, crypto enthusiasts stop using the Network and move to other networks like Cosmos, Tron, Solana, Polkadot, EOS, etc. And certainly this will happen if the implementation is successful.

Tron? Mehn this is so laughable, why isn't any new project running on Tron TRC20 since 2019? Many projects that gets on Tron smart chain already switched to another, as far as smart contract is concerned Tron fails in that area

[rudolfaxl]

Hi, do you expect big changes after eth 2.0. come, when will that happen?

ETH 2.0 network i have heard a lot of people talking about this to be able to release the pretty high gas fees nowadays, but still can't believe the gas fee will be low because we don't know if it's the mainnet or just is a separate network to replace this it is difficult because the old networks we will still have to perform and the fees will continue to increase because the old network and the new network do not exist at the same time, it is two parallel blockchain networks.

[WalkerIVIV]

Hi, do you expect big changes after eth 2.0. come,

I do but i will not expect something big will come. Iceage already delayed and blocksize was still the same without any change. London hardfork gave only burn mechanism but it didn't even solve the main problem of ethereu,.

when will that happen?

Im sure that none know about that. The upgrade will be done through EIP and this EIP will be published to make sure public will know what improvement protocol that will come soon. You can't argue if it will give a big change but you must wait until the new EIP will be published and it may tell you a clue about upgrade that will happen in ethereum.

[20kevin20]

I feel like the more the 2.0 release is getting closer, the higher the fees are and so the more unusable the chain becomes. For now, it feels like a kamikaze imo.

There might be a big change, but I doubt the security will stay the same and I also doubt there are no big sacrifices to make. Unfortunately, it's probably privacy, decentralization and security that will be at stake. PoW to PoS is already a big red flag for me.

[Findingnemo]

Hi, do you expect big changes after eth 2.0. come, when will that happen?

We can expect huge changes in the transaction speed so the transaction cost will reduce a lot but eth2.0 still requires time atleast couple of years from now. You can also become a validator so can make money from the transactions for that all you need is ethereum.

[Jackl87]

Hi, do you expect big changes after eth 2.0. come, when will that happen?

I guess almost everyone is hoping and expecting that the Ethereum Fees will drastically go down once the full transition from PoW to PoS is finally done and working and this really needs to happen in my opinion otherwise the Ethereum network is not really usable anymore for normal people and small traders. If you have to pay 10$ of fees just to send 20$ worth of ETH to someone else or to pay something then it is just not working for the everyday needs. The same is true for swaps on uniswap of course, if you have to pay 50 $ for a swap than you need to trade 500 $ worth of tokens or more or you would have to pay more than 10% fees which is insane.

[lumierre]

Hi, do you expect big changes after eth 2.0. come, when will that happen?

Actually, Ethereum 2.0. will change the consensus of Ethereum, and it is a very important feature of any coin how it is being mined, using Proof-Of-Stake or Proof-Of-work. Mostly, people say that due to this update, commissions will become lower and I really hope that it will be so, as miners will not have to spend their electricity any more. There will be validators who include transactions in blocks.

[masterrex]

Hi, do you expect big changes after eth 2.0. come, when will that happen?

I don't believe it will happen, Eth expensive transaction fees will remain a burden for its remaining users soon it will be felt by the network because many Ethereum users/developers are already leaving the network that's why I believe that there is no change will happen on Ethereum even if the Full implementation of Eth 2.0 will be finish. if you still using Eth you must endure that monstrous fee in order to sent and ERC20 tokens to exchange and other wallets.

[velo1980]

So facts are that we still dont have any date when will 2.0. be released, And also big question is will it have positive impact on eth transaction fees. Thanks for your answers and opinions.

[eaLiTy]

I don't believe in lower fees for ETH. The Berlin-upgrade was supposed to result in lower fees, but this has not happened. In fact, the upgrade is currently burning more ETH than new ones are being mined, so we have deflation at the moment. The price is positively supported by this, but the fees also cost significantly more when converted into fiat.
Don't get me wrong, I would like to see significantly lower fees, but I don't see it being realistic.

Even i do support your sentiment, their upgrade was supposed to help in lower fees but there is no change in that till now and they entire migration of POW to POS might be their plan altogether so that there will be only few nodes and they might be expecting the fees to come down drastically but with the way things are going even i doubt that it will be sorted like they plan.

Even i want to see the price going down because the amount of fees some of the users shell out to purchase some of the NFT is far greater than the NFT itself and for the fans i want to see the fees going down or the project migrating to other chains.

[devil2man]

what will happen with the arrival of eth 2.0? first of all it will no longer be possible to mine eth in the current way, traditionally it will pass from pow to pos that means we can only earn with commissions,fees from nodes  but it takes 32 eth to put on a node so i believe that pools will be born, finally i hope that the transaction fees will be reasonable again, ie a few cents

[Mahanton]

Hi, do you expect big changes after eth 2.0. come, when will that happen?

After that fork then lots had anticipated that the fees would be going down but we havent seen that one but instead it did really stay up high for a while or even up to this moment.So it was really just for the sake
of burning and not literally affecting or resolving those high gas fees issues?

For now i've been skipping on making use of erc20 transactions due to this very common reason and for sure other people too had the same problem and came up with common solution which is to
make use of another coins when making up transaction.

Its never been feasible nor ideal on making use this for now and there are more better alternatives.

[fuguebtc]

I don't believe in lower fees for ETH. The Berlin-upgrade was supposed to result in lower fees, but this has not happened. In fact, the upgrade is currently burning more ETH than new ones are being mined, so we have deflation at the moment. The price is positively supported by this, but the fees also cost significantly more when converted into fiat.
Don't get me wrong, I would like to see significantly lower fees, but I don't see it being realistic.

High transaction fees have always been a prominent issue for ethereum in the long run, the recent London update also failed to resolve the issue. Everyone is looking forward to the biggest ETH upgrade ever. If ETH doesn't improve gas fees, ETH will soon be defeated and replaced by another alt. Because ETH transaction fees are very high, I have switched to using BSC instead of ETH now. I hope ETH will fix the problem soon, ETH is still my favourite coin.

[shinratensei_]

Hi, do you expect big changes after eth 2.0. come, when will that happen?

I don't see EIP that was discussing about increasing the blocksize. Im sure that you will not be seeing lower fee in ethereum again. The only choice to increase the block size or it will still remain to be the most expensive blockchain right now. Another blockchain has been increasing its blocksize while ethereum was still getting stuck with its POS. No one know when that will happen but you can read some new EIP and if there was an EIP that said will be increasing the blocksize and it must be supported. London hardfork was making the fees even expensive than before. EIP needs to be approved by miners and this will also extend or give another delay for the implementation of EIP. Ethereum community was debating about this in the past https://cointelegraph.com/news/ethereum-community-debates-raising-the-block-size-limit-once-again

[Twinkledoe]

I don't believe in lower fees for ETH. The Berlin-upgrade was supposed to result in lower fees, but this has not happened. In fact, the upgrade is currently burning more ETH than new ones are being mined, so we have deflation at the moment. The price is positively supported by this, but the fees also cost significantly more when converted into fiat.
Don't get me wrong, I would like to see significantly lower fees, but I don't see it being realistic.

High transaction fees have always been a prominent issue for ethereum in the long run, the recent London update also failed to resolve the issue. Everyone is looking forward to the biggest ETH upgrade ever. If ETH doesn't improve gas fees, ETH will soon be defeated and replaced by another alt. Because ETH transaction fees are very high, I have switched to using BSC instead of ETH now. I hope ETH will fix the problem soon, ETH is still my favourite coin.

I do agree that we haven't seen low gas fees under ETH network. But I strongly believe that it is one of the aim of the ETH dev team. I don't think they are sitting with this long running prob now that they are seeing a lot of projects are being built in their competitors' network. I am still hoping that very soon we will see economical fees in ETH network.