Will 2022 be the year of ETH 2.0?

[Kemarit]

In other news, there has been a some changes to ETH2.0. It is now being rebranded to:

Execution layer (Eth1) and consensus layer (Eth2).

https://blog.ethereum.org/2022/01/24/the-great-eth2-renaming/

So that is a big move from the people behind.

Nevertheless, I don't think that it will have a significant effect in the market price. It's still the same people behind the project.

What's important is that they will still deliver what they have put up in their roadmap for ETH2.0 years ago.

[tarable]

The rumors are well known by many about the ETH 2.0 upgrade, but I don't think it will happen again this year even though I and almost all ETH lovers really want it to happen soon. What's even worse is that the ETH 2.0 upgrade is just a game. What do you think?

[stadus]

I understand you because this has been an unresolved issue for quite long already. But maybe you can check this because this might clear when will be the release of ETH 2.0 and i can see this is not happening soon. Here's the link..https://www.gamerevolution.com/guides/700294-ethereum-2-0-release-date-eth2-upgrade-phase-1-2-when-2022

If this will not be fix by the said year, i think i should just live to it that ethereum gas fee will never be reduced.

About that, it's the name that will be changed and won't be called ETH 2.0. That's the news that I've heard as a summary but I haven't gone through with most of its details. I think that this problem of high fees will be resolved soon *closed fingers*.
The devs have their say but just like anybody else, we want this to happen as soon as possible so we can enjoy again the cheap fees per transaction for ethereum and as well as erc20 tokens.

We all heard about this problem about high gas fees but until now, there is no solution yet. So its either we'll get used to to this and accept the fact that ethereum high fees will be forever. However, Vitalik proposed a new solution to tackle about this ethereum's high gas fees, i just hope this time it will fully resolved. Check it here: https://www.fxstreet.com/cryptocurrencies/news/vitalik-buterin-proposes-breakthrough-solution-to-tackle-high-gas-fees-on-ethereum-network-202201060924

[camat gampong]

The rumors are well known by many about the ETH 2.0 upgrade, but I don't think it will happen again this year even though I and almost all ETH lovers really want it to happen soon. What's even worse is that the ETH 2.0 upgrade is just a game. What do you think?

Actually it's not a game, it's just about news that can make people very surprised and also curious about it so that many people wait for it to come, but from the long wait it has never arrived until now.

[X-ray]

The rumors are well known by many about the ETH 2.0 upgrade, but I don't think it will happen again this year even though I and almost all ETH lovers really want it to happen soon. What's even worse is that the ETH 2.0 upgrade is just a game. What do you think?

Have you read this before https://coingeek.com/no-more-ethereum-2-0-as-names-change-to-ease-scaling-stumbles/?

It may happen next year or 2024. It's very well explained by the article if the roadmap still continue but it will be focusing into the scaling the network. Expecting the big upgrade to come this year is too good to be true. It's not even a game and that's different.

When you wanna try to implement the upgrade and you must also understand about the risk on it. I meant you must find bug and critical errors in the code before it will be implemented.

that's why it will become  a very hard task to do that caused by vulnerability is something that must be found with used various formula

[romero121]

Looking this thread I remember the past old days of 2017. During those days the market was quite bullish, but the following year was predicted to be the year of ethereum. To the expectation everything happened in the opposite manner. The market gradually turned bearish and at some point ethereum reached around $85. This time we've experienced a bullish market and now this year it is predicted as the year for ETH 2.0, with this I believe the market to grow slowly or to be a bearish year.

[Abiky]

We all heard about this problem about high gas fees but until now, there is no solution yet. So its either we'll get used to to this and accept the fact that ethereum high fees will be forever. However, Vitalik proposed a new solution to tackle about this ethereum's high gas fees, i just hope this time it will fully resolved. Check it here: https://www.fxstreet.com/cryptocurrencies/news/vitalik-buterin-proposes-breakthrough-solution-to-tackle-high-gas-fees-on-ethereum-network-202201060924

Well that's a relief. Anything that would reduce gas fees in the short term, would quickly see the approval of the ETH community. I don't mind about the delay of the PoS upgrade (now called the "consensus layer") as long as gas fees are reduced to a minimum. The competition grew exponentially ever since the ETH blockchain became heavily congested. It's probable competitors will lose traction after ETH's fees become economically-feasible. 2022 is kind of bearish, so it's unlikely new upgrades will have a positive effect over ETH's price. I'm fine with that as long as ETH delivers as promised. Just my thoughts

[Yaunfitda]

We all heard about this problem about high gas fees but until now, there is no solution yet. So its either we'll get used to to this and accept the fact that ethereum high fees will be forever. However, Vitalik proposed a new solution to tackle about this ethereum's high gas fees, i just hope this time it will fully resolved. Check it here: https://www.fxstreet.com/cryptocurrencies/news/vitalik-buterin-proposes-breakthrough-solution-to-tackle-high-gas-fees-on-ethereum-network-202201060924

Well that's a relief. Anything that would reduce gas fees in the short term, would quickly see the approval of the ETH community. I don't mind about the delay of the PoS upgrade (now called the "consensus layer") as long as gas fees are reduced to a minimum. The competition grew exponentially ever since the ETH blockchain became heavily congested. It's probable competitors will lose traction after ETH's fees become economically-feasible. 2022 is kind of bearish, so it's unlikely new upgrades will have a positive effect over ETH's price. I'm fine with that as long as ETH delivers as promised. Just my thoughts

Well they have been promising deliverables ever since, most of the times though, it's kinda late but still we want a solution to the high gas fees because everyone is complaining about it.

Hopefully though, there could be solutions in the next release whenever this will be. For sure they have heard the sentiments of ETH enthusiast so they have to find a way to at least reduce because we can't tolerate it anymore.

[tokeweed]

Wtf are you guys saying?  Lol.  Continue to lose interest in ETH?  If anything, ETH’s staying power has been very impressive despite the high fees.  It’s still up there at second place at CMC, it’s still one of the most traded coins in the market, it still has the largest community of developers in the space and all that isn’t even done yet.  It’s all still growing.

But as a preference of which chain you should be using, if you’re a whale, sure go use L1.  Fees can get really pricey esp doing stuff like when swapping tokens.  It goes as high as 100 USD for a transaction.  If you’re not a whale, just use one of the L2’s.

The only reason why ETH is still on the top is because of its first mover advantage. Not to mention, it's the most decentralized smart contract platform in the world. If it wasn't because of this, Ethereum would've been doomed with the high fees and slow TX confirmation times. Remember, not everyone is a whale. The vast majority of ETH users are everyday people like you and me. High fees will surely prevent the average Joe from participating in "De-Fi". That's why competing chains are surging at a fast pace (even though they don't prioritize decentralized/security/reliability). We're going to have to see what happens after the launch of ETH 2.0.

Impressively, the Foundation removed any references to ETH 2.0. This might mean they're planning to delay the upgrade even further. Apparently the "Altair" upgrade phase went successful, so that's the only thing left before the mainnet goes full PoS. I wouldn't count on L2, simply because not many projects support them. This brings compatibility issues as we speak. Who knows what will be of ETH by the end of the year? Just my thoughts

Then I guess being the first mover is enough to be on top.  I mean yes, the fees are high but the high fees is also a metric for high usage.  As long as they’re are high we know that interest in using the chain is def high too.  The moment the fees start going low, it should be a time when ETH maxis should start to get worried.

And L2’s is what ETH has for now to pay lower fees.  It’s better than nothing.  I’ve been doing swaps in Arbitrum at Sushi in Metamask.  It’s so easy.

[tarable]

The rumors are well known by many about the ETH 2.0 upgrade, but I don't think it will happen again this year even though I and almost all ETH lovers really want it to happen soon. What's even worse is that the ETH 2.0 upgrade is just a game. What do you think?

Actually it's not a game, it's just about news that can make people very surprised and also curious about it so that many people wait for it to come, but from the long wait it has never arrived until now.

If this isn't a game, what is there to say other than the news as you say. So far, we have heard about the launch of ETH 2.0 very often and it is the hope of many people and the community. but already entered this year has not been released. I believe that ETH 2.0 can be a solution to gas cost complaints.

[Lagduf]

the current state of ETH is that it's currently being overshadowed by the existence of the second layer blockchain that are currently gaining more and more momentum.
regardless even if ETH could succesfully implement all the necessity that ETH 2.0 requires and  could make quite the breakthrough and could solve the gas fee. things that’s still left in ETH is just opensea.
the rest of the platforms and even the newer ones are also migrating over in other chains that are less problematic than ETH simply because these kind of metaverse and gaming projects always require less problems in the blockchain so they could focus in their game and metaverse.

[savetheFORUM]

Actually it's not a game, it's just about news that can make people very surprised and also curious about it so that many people wait for it to come, but from the long wait it has never arrived until now.

If this isn't a game, what is there to say other than the news as you say. So far, we have heard about the launch of ETH 2.0 very often and it is the hope of many people and the community. but already entered this year has not been released. I believe that ETH 2.0 can be a solution to gas cost complaints.

Maybe what he was thinking is a literal game, you know games like video games but what the other guy actually mean when he says that eth 2.0 is like a game is that maybe it was not real and eth dev's are only playing with our emotions.

They make people believe that there is something like an eth 2.0 that can solve the existing problems in the eth network so that people wont stop supporting eth but we will soon know the truth. Soon eth will be guilty for what they have done. I can only suggest that people should not heavily depend on this because it looks that there are uncertainties going on on this one. There are other crypto project developments that are worth for our time.

[tarable]

Actually it's not a game, it's just about news that can make people very surprised and also curious about it so that many people wait for it to come, but from the long wait it has never arrived until now.

If this isn't a game, what is there to say other than the news as you say. So far, we have heard about the launch of ETH 2.0 very often and it is the hope of many people and the community. but already entered this year has not been released. I believe that ETH 2.0 can be a solution to gas cost complaints.

Maybe what he was thinking is a literal game, you know games like video games but what the other guy actually mean when he says that eth 2.0 is like a game is that maybe it was not real and eth dev's are only playing with our emotions.

They make people believe that there is something like an eth 2.0 that can solve the existing problems in the eth network so that people wont stop supporting eth but we will soon know the truth. Soon eth will be guilty for what they have done. I can only suggest that people should not heavily depend on this because it looks that there are uncertainties going on on this one. There are other crypto project developments that are worth for our time.

maybe they make our emotions. but we'll see what the team will do this year. if 2.0 is not released this year, then ETH is ready to be overtaken by others. it is very likely that BNB will acquire ETH in the market.

[Ten98]

maybe they make our emotions. but we'll see what the team will do this year. if 2.0 is not released this year, then ETH is ready to be overtaken by others. it is very likely that BNB will acquire ETH in the market.

It's a little less possible if you've seen the total volume of ETH and the total volume of BNB, because until now the volumes of the two are still very much different so that BNB still takes a very long time to overtake ETH, and even then if ETH doesn't move at all.

[BuNga_cute]

maybe they make our emotions. but we'll see what the team will do this year. if 2.0 is not released this year, then ETH is ready to be overtaken by others. it is very likely that BNB will acquire ETH in the market.

It's a little less possible if you've seen the total volume of ETH and the total volume of BNB, because until now the volumes of the two are still very much different so that BNB still takes a very long time to overtake ETH, and even then if ETH doesn't move at all.

It's true that ETH is too strong for BNB to beat, after all ETH has been in the crypto industry for a long time, so ETH is more experienced
than BNB. I believe the ETH development team already has a plan on how to keep ETH from being defeated by anyone. But if ETH is not
careful and underestimates BNB, there is indeed a chance that BNB will overtake ETH, although very small it becomes a reality. That's why
until now ETH is still more popular than BNB and even ETH has a much higher market cap than BNB. Actually, many projects have been created
to replace ETH, but ETH is still the best altcoins. The ETH team must have their own reasons why they haven't officially released ETH 2.0 yet,
although I hope ETH 2.0 can be released soon and can solve the problem of high gas fees. Hopefully ETH 2.0 can be released this year,
if that happens it will be more difficult for BNB to overtake ETH.

[Abiky]

Then I guess being the first mover is enough to be on top.  I mean yes, the fees are high but the high fees is also a metric for high usage.  As long as they’re are high we know that interest in using the chain is def high too.  The moment the fees start going low, it should be a time when ETH maxis should start to get worried.

And L2’s is what ETH has for now to pay lower fees.  It’s better than nothing.  I’ve been doing swaps in Arbitrum at Sushi in Metamask.  It’s so easy.

L2 may be good, but not everyone knows about it (especially noobs). The first thing newcomers into crypto come up with is the main ETH blockchain. Not a separate scaling solution. Besides, the number of projects using L2 is quite small compared to those on the main chain (if I'm not mistaken). Scaling ETH itself will be the definite solution for bringing mass adoption into the cryptocurrency. ETH developers should focus on remediating the issue within the short term, than just keep stalling with the upcoming PoS upgrade. The general public is more focused on convenience than anything else, so they'll choose the chain with the lowest TX fees and fastest speeds available on the market.

At least, Ethereum's decentralization is untouched. How will it fare after the PoS upgrade, is beyond me. As long as there's a community backing the project every step of the way, nothing else matters. Just my thoughts

[RiskySanchez]

I also expect the same thing if this year ETH upgrades to ETH 2.0 of course the hype will return to Ethereum lovers. To be honest I use Ethereum a lot and have burned a lot of my dollars but it's worth the profit I get from the project with the promising ETH network I'm very sure If the ETH gas fees are cheap again the BNB and MATIC network will return to ETH as the first network Industry on the blockchain. hopefully

[Maslate]

There are rumors circulating around the web, that the ETH 2.0 upgrade will finalize this year. It would be a major upgrade on the ETH blockchain, after a long period of delays. The competition became much more intense ever since gas fees increased on the ETH blockchain. If the ETH 2.0 upgrade comes into fruition, then ETH's position on the market will solidify like never before. Depending on the impact, competing chains will experience less demand on the market.

Still, I'm having my doubts if ETH will upgrade to PoS this year due to the delay in ETH's difficulty bomb. How long will it take for mining on the ETH blockchain to come to an end is beyond me.

Do you think 2022 will be the year of ETH 2.0? If not, why? What will happen with ETH after the upgrade is successfully implemented? Will it mark the end of alternative smart contract platforms for good? Will ETH gas fees decline massively after the upgrade? Or will everything else remain the same? Your input will be greatly appreciated. Thanks.

For now, it was still a rumor and people had made no clear vision in regards to such an upgrade, In fact, some say ETH 3.0 will come as well. I don't know and I'm not yet convinced how this upgrade helps the market and the high fees issues that has being a problem to the people, traders, and investors for many years.

Honestly, you're not just in doubt, the majority has done it the same. It can only be done and eliminate the doubts once proven but for now, that still remains as usual.

[Congyang]

For now, it was still a rumor and people had made no clear vision in regards to such an upgrade, In fact, some say ETH 3.0 will come as well. I don't know and I'm not yet convinced how this upgrade helps the market and the high fees issues that has being a problem to the people, traders, and investors for many years.

Honestly, you're not just in doubt, the majority has done it the same. It can only be done and eliminate the doubts once proven but for now, that still remains as usual.

actually what makes the difference if they actually created ETH 3.0 because their main problem is still not resolved properly.
I know their connoisseurs won't be too affected by anything but as you said, gas problem continues to be their natural problem and can't be solved till now.
I personally started to reduce my activities in ETH because of the cost of gas and started switching to other competitors who did offer something cheaper.
I still like them but their gas makes me unable to do much there

[manok jepang]

the presence of ethereum 0.2 is highly anticipated by ethereum fans, but the rumors of when it will be released are a big question mark, so that it is a hot conversation for crypto users, because all crypto fans really hope that if the cost of ethereum gas can be resolved, let's wait for technology the second volume of etherem will be released, and whether the technology can solve the complaints of ethereum users.