King Raymond
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October 17, 2021, 09:45:51 PM |
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I don't think that will work. High gas fees on the Ethereum network is mostly as a result of too many users. This is gradually turning investors away from the network. Till the number of users and transactions on the Ethereum network reduce, I don't see any decrease in gas fee happening soon.
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RussianEnglishTranslation
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October 18, 2021, 05:00:30 AM |
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Hi, do you expect big changes after eth 2.0. come, when will that happen?
I expect gradual TPS increases as ETH upgrades step by step but as adoption of blockchains tech grows, Ethereum TPS will still not be enough to keep gas fees low. Sidechains and L2s like Polygon and Aurora/NEAR will do really well and so will the biggest AMM on each of those platforms because people will trade on these sidechains to reduce their fees and increase profits. Quickswap is the biggest AMM on Polygon and Ref Finance is the biggest one on NEAR protocol.
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imstillthebest
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October 18, 2021, 05:41:12 AM |
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I don't think that will work. High gas fees on the Ethereum network is mostly as a result of too many users. This is gradually turning investors away from the network. Till the number of users and transactions on the Ethereum network reduce, I don't see any decrease in gas fee happening soon.
what about binance new smart chain ? they also got a lot of users and it gets bigger because some eth users are transfering to them but fees didnt bloat that much . i still think that after the full release of eth 2.0 , the fees in eth will back to normal . the small fees that we used to , back in the early days .
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aprilnot
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October 18, 2021, 07:00:06 AM |
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Broadly speaking, in eth 2.0 the block capacity is much larger and it can accommodate more TPS than currently. The new consensus that will be introduced in 2.0 has also caught the attention of many. for some people POS harm decentralization, but not a few also welcome this change. With increasing block capacity, it is predicted to reduce the amount of fees for each transaction. but the question is, when will it be realized. As of right now ethereum 2.0 is still in the testing phase, and haven't found the point that it will be fully released yet.
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mumang siat
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October 18, 2021, 08:45:48 AM |
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Hi, do you expect big changes after eth 2.0. come, when will that happen?
Great hope for now Ethereum 2.0 is a solution or option from the previous improvement that people want, many changes that must be done to perfect Ethereum 2.0, both systemally and normally high in conducting transactions, but now many changes they have perfected, though not yet The whole success they applied, at least they have perfected slowly and this is what people are waiting for, this year the target has reached 70% of the previous development.
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Jaered
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October 18, 2021, 03:03:51 PM |
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I can't tell you how disappointed I was on Vitalik Buterin for all these failed promises. Ethereum 2.0 came and gas prices were still up there. In fact, I daresay it is even higher than before. Ethereum platforms are becoming something else these days. And transactions weren't any faster. Still wondering what they did with the 2.0
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tygeade
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October 18, 2021, 08:17:10 PM |
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I would say that lower fees are the least important things about the eth 2.0, the most important part is the miners and the constant selling pressure. If we are going to not have miners selling constantly to pay the bills then it is going to be clearly a lot more profitable to hold ethereum even if you do not have 32 eth. There are also stakepools which means that you could have as little as 0.1 ethereum and you are going to make a profit from it.
This is why I believe that there is a good chance ethereum could increase a little before and during the eth 2.0 process but the reality is that we are going to see the bigger increase in the longer term as well. The gas fee will drop a ton as well obvious and there is a good chance that we will not going to have any trouble with these type of gas fee increases ever again and that is the real key here, not the drop but the situation not getting worse again.
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tvplus006
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To the Moon
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October 18, 2021, 10:10:00 PM |
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I don't think that will work. High gas fees on the Ethereum network is mostly as a result of too many users. This is gradually turning investors away from the network. Till the number of users and transactions on the Ethereum network reduce, I don't see any decrease in gas fee happening soon.
We cannot expect that the number of users on the Ethereum network will decrease, although those who have chosen alternative blockchains for themselves have been waiting for this for a long time. But the project team is quite capable of solving the bandwidth problem, but so far we have not seen this in numerous forks.
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TastyChillySauce00
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Leading Crypto Sports Betting & Casino Platform
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October 18, 2021, 11:12:19 PM |
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I don't think that will work. High gas fees on the Ethereum network is mostly as a result of too many users.
No, it's totally wrong. Basically, how big the users meant nothing as long as ethereum has big block capacity. This can handle very big TPS like another blockchain which can process hundreds - thousands of transactions in a second. That's differnet with ethereum that can only process up to 20 transaction / second. You can imagine when ethereum has big blocksize capacity and it can handle 1000 transaction persecond. It will not the fees will be so high like this time and it can stay at the lowest fees. This is gradually turning investors away from the network.
The correct thing should be forcing people to go out from ethereum. I wanna say that it doesn't give big impact to the big users but it was damaging the small users a lot. I don't see any decrease in gas fee happening soon.
It will never happen again.
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bayudndy
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October 19, 2021, 02:14:41 AM |
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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 Of course, it's not the best case for selection. But what do you mean by part? TRON is not powerful, but it has certain advantages that we have to admit, I still rate it very well in gambling games. And your problem is not what I understand, so don't try to say this is a complicated problem.
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mumang siat
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October 19, 2021, 06:47:19 PM |
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We cannot expect that the number of users on the Ethereum network will decrease, although those who have chosen alternative blockchains for themselves have been waiting for this for a long time. But the project team is quite capable of solving the bandwidth problem, but so far we have not seen this in numerous forks.
that means ethereum is still in great demand by everyone, even though gas costs are so high for now, the project team is quite capable of solving every problem that exists, but it looks like this problem can't be solved in the near future, and I also analyzed what you said, not yet looking at the many branches they have developed during my time following crypto in the last few years, many flaws could not provide a solution for them to solve and it continues to grow to this day.
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