Jackl87
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March 27, 2022, 06:35:33 PM |
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I fear for ETH future, almost all smart contract projects are using the PoS staking algorithm but only ETH PoW stands alone, this makes ETH different and one of a kind smart contract project, I think vitalik buterin will regret is decision after ETH goes PoS.
I don't really think that the ETH-team has really much of a choice here. Yes they could decide to keep on using the PoW consensus mechanism in order to keep the big mining companies happy but i think the negative reputation that they would get from the majority of the people and the press would just be too much. In the end the last few years have all been about energy efficiency and to develop environmentally friendly alternatives for transportation, heating, electricity and so on. So it is really hard to tell to people that all those crypto miners use up more electricity than a whole country needs to function. I just read about a research that said that BTC miners use up more electricity than the country of Ukraine, that research is from 2019 so obviously before the Ukraine war.
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Silberman
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March 27, 2022, 08:09:36 PM |
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I fear for ETH future, almost all smart contract projects are using the PoS staking algorithm but only ETH PoW stands alone, this makes ETH different and one of a kind smart contract project, I think vitalik buterin will regret is decision after ETH goes PoS.
At the end of the day ETH has always been a centralized project which is why vitalik can take those kind of decisions unilaterally, I think it is a mistake for ETH to go from PoW to PoS, and we can see this is the case as ETH has been trying to make that transition for a long time and it has yet to achieve the results the developers want, however even if they can move successfully to PoS the network is not going tob e as secure as before and ETH will be just like most other smart contract coins, losing any edge it may had in the market and putting at risk its position as the second most important coin in the market.
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casperBGD
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Nil Satis Nisi Optimum
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March 27, 2022, 08:19:08 PM |
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search on internet for ETHmerge is surging and that could show possible outcome for Ethereum future transition to PoS should be a good think energy wise, and incentives on the network will go up, with inflation going down, which is a solid move
testnet merge already passed without major issues, and we are set to go on mainnet, interesting time ahead
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zonefloor
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March 27, 2022, 08:39:40 PM |
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I don't think there will be any trouble or regret. Because ethereum is a cryptocurrency that is greatly admired and used by the masses. Considering their Fee situation, I think they made the smartest decision. Vitalik is such a smart person that I think he will definitely add extra things in the development of his project, which will further increase its development and usability. That's why eth is always at the top of the cryptocurrencies I trust.
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GeorgeJohn
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March 27, 2022, 09:23:06 PM |
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Your fear doesn't matter much given the fact that it is the top altcoin in the market. Relax and feel for yourself how many things have appeared and competed with it, I find it a matter of liking and changing in accordance with the present and future plans that see ETH always strong. And now the interest in ETH 2.0 is growing, so put your worries away and look at the growth coming its way.
You made a nice point, because we all know that Ethereum is like the highest of altcoins, and no altcoins can be better than Ethereum, the growth of it, is not what someone can doubt for or worry about, the future of Ethereum is a continuous process and it far better and it can't be use to compare to any alternative coin's.
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DanWalker
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March 27, 2022, 11:45:51 PM |
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I think moving ETH from POW to POS is a reasonable decision, POS will consume less energy than POW. Many experts argue that the move to POS does not weaken the ETH network, but also increases the stability and scalability of the network when combined with sharding so no need to worry too much. ETH is still the top altcoins and with the upgrade to ETH2.0, the future is brighter than ever.
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Coin BTC
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March 28, 2022, 04:42:35 AM |
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The future of eth is nothing to worry about. Eth has always been one of the best altcoins. It is always stable, even more often giving advantages than losses.
I think this is very true, I also have the same opinion as you, the future of ethereum will definitely be very good and stable, because ethereum is the best altcoin for now, even the ethereum holder community has never felt a loss. ethereum is very promising profits from losses.
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Sebas.tian
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March 28, 2022, 05:09:33 AM |
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I don't think there will be any trouble or regret. Because ethereum is a cryptocurrency that is greatly admired and used by the masses. Considering their Fee situation, I think they made the smartest decision. Vitalik is such a smart person that I think he will definitely add extra things in the development of his project, which will further increase its development and usability. That's why eth is always at the top of the cryptocurrencies I trust.
Yes, because everyone is aware that ethereum future will be greater than it's now. Ethereum still remain the superior among altcoins which many investors prefer to invest on ethereum than any other altcoins in the community, because of the good income they are receiving from ethereum investment. Those that choose ethereum in this season made a good choice without listening to people or discourage about the gas fee of ethereum than to view the great future ahead of ethereum. It hard for ethereum investors to experience losses from their investment because ethereum price is still more stable than any other altcoins in the crypto market.
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bounceback
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March 28, 2022, 06:15:50 AM |
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I fear for ETH future, almost all smart contract projects are using the PoS staking algorithm but only ETH PoW stands alone, this makes ETH different and one of a kind smart contract project, I think vitalik buterin will regret is decision after ETH goes PoS.
Lately, many Ethereum users have complained that transaction fees are too high when they want to transact with ETH coins, so Vitalik is trying to solve this problem by planning to switch Ethereum to a PoS consensus algorithm which Vitalik thinks can be the right solution to reduce transaction costs, and if after the launch of ETH 2.0 it is as expected by users then of course it will make ETH more attractive to the public, so you don't have to worry about that because ETH is a coin that has a good future.
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$anounimus$
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March 28, 2022, 06:46:04 AM |
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We all know that Vitalik might regret making his own blockchain or any other decision he makes. In my opinion, Vitalik Buterin is smart and has done more good than bad for crypto. I think Vitalik made the right choice because the future goal has been set. People don't know for sure how crypto will turn out, but one thing is for sure: it will be fun to watch the experiments happen.
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domoy77
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March 28, 2022, 07:29:38 AM |
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Lately, many Ethereum users have complained that transaction fees are too high when they want to transact with ETH coins, so Vitalik is trying to solve this problem by planning to switch Ethereum to a PoS consensus algorithm which Vitalik thinks can be the right solution to reduce transaction costs, and if after the launch of ETH 2.0 it is as expected by users then of course it will make ETH more attractive to the public, so you don't have to worry about that because ETH is a coin that has a good future.
It would be extraordinary if in the near future ETH was able to solve this high transaction fee problem through the methods you have mentioned because it has been a long time since everyone has been forced to make transactions on the ETH network if there are no other network options for certain tokens or coins. So I would absolutely be very happy if Vitalik would sort this out in the near future.
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Mamun74
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March 29, 2022, 05:30:47 PM |
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I think ETH network transaction high gas fee that is the main problem to ETH.Many people complainied for high gas fee.I think, everything is fine to ETH volume, price.I think they will be update ETH 2.0 an solved this problem. I hope they will be more development in future.
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Silberman
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March 30, 2022, 07:46:42 PM Last edit: April 02, 2022, 09:13:05 PM by Silberman |
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I think moving ETH from POW to POS is a reasonable decision, POS will consume less energy than POW. Many experts argue that the move to POS does not weaken the ETH network, but also increases the stability and scalability of the network when combined with sharding so no need to worry too much. ETH is still the top altcoins and with the upgrade to ETH2.0, the future is brighter than ever.
We have no other option but to wait and see if they are right, POW seems like the best way to protect the network from malicious attacks, is it energetically expensive? Without a doubt it is, but it is worth it, however it seems that the move towards POS is inevitable for ethereum, however it is a process that it has taken many years and if there happens to be a mistake at some point in the process a huge deal of the confidence and trust that people have in the ethereum network will be lost almost overnight.
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cryptoperkele
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March 30, 2022, 09:44:49 PM |
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I fear for ETH future, almost all smart contract projects are using the PoS staking algorithm but only ETH PoW stands alone, this makes ETH different and one of a kind smart contract project, I think vitalik buterin will regret is decision after ETH goes PoS.
Well good luck for anyone staying in POW and finding developers for the old expensive chain while all the brainiacs are moving to POS because that's where the future is. The whole POW ideology is just pointless after POS. And POW will mostly be pushed by unemployed miners with rigs they can't use anymore.
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the ghabbar
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March 31, 2022, 12:21:30 PM |
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I think ETH network transaction high gas fee that is the main problem to ETH.Many people complainied for high gas fee.I think, everything is fine to ETH volume, price.I think they will be update ETH 2.0 an solved this problem. I hope they will be more development in future.
Not everyone complains about the high transaction fees of ethereum, because the use of this network is usually used by people who are more capable, even those who often complain about the ethereum network, those who participate in bounty campaigns, because there is no match between transactions and opinions received, so for those who they don't match ethereum network use
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Hypnosis00
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March 31, 2022, 01:26:44 PM |
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I fear for ETH future, almost all smart contract projects are using the PoS staking algorithm but only ETH PoW stands alone, this makes ETH different and one of a kind smart contract project, I think vitalik buterin will regret is decision after ETH goes PoS.
All you need to do is to stop relying on FUDs. Will Mr. Vitalik let it happen? It surely not, he'd protect it and that is why despite much negativity we've heard in previous days, ETH still exists till now. That is how obvious that ETH would certainly survive and we never have to think about dying because this only happens to shitcoins. And if you know the function of these smart contracts in the market, I believe you just then change your view.
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X-ray
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March 31, 2022, 03:45:39 PM |
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there is certainly a good reason why the team behind eth just decide that it gonna be changing in system from POW and become POS because it’s for saving the energy consumption and going more greener I guess. there is no harm if it’s for betterment of the world because honestly wasting energy unnecessarily isn’t a good thing either but it depends in the thing that a platform wanna achieve, if it’s security surely it’s better using POW mechanism but it seems ETH doesn’t really aims for that instead it’s just aims for efficiency and therefore POS could be a great choice for ETH in the future. the newer smart contract platform choose POS with a valid reason of increasing overall efficiency I think.
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Mamun74
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April 04, 2022, 05:57:12 AM |
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I think ETH network transaction high gas fee that is the main problem to ETH.Many people complainied for high gas fee.I think, everything is fine to ETH volume, price.I think they will be update ETH 2.0 an solved this problem. I hope they will be more development in future.
Not everyone complains about the high transaction fees of ethereum, because the use of this network is usually used by people who are more capable, even those who often complain about the ethereum network, those who participate in bounty campaigns, because there is no match between transactions and opinions received, so for those who they don't match ethereum network use High gas fee,it's very difficult to small investor because any single transaction gas fee need $25-30$ It's very high gas fee for small capable investor.If they don't update their gas fee network then i think many people will not use ETH network. But I hope ETH gas fee will be low in future and they will be update more in future.
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maydna
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April 04, 2022, 07:49:27 AM |
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I fear for ETH future, almost all smart contract projects are using the PoS staking algorithm but only ETH PoW stands alone, this makes ETH different and one of a kind smart contract project, I think vitalik buterin will regret is decision after ETH goes PoS.
Why should you be fear for ETH's future? I think the ETH team thought about it before, and if the ETH project is going to be any different than before, maybe it's one of the ways for ETH to continue to change and grow big and survive any upcoming trends in crypto. We don't know if Vitalik Buterin regrets his decision or if he sticks with it. If you are afraid, you don't need to follow ETH and instead look for other coins that you think don't scare you.
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FAYCNFT
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April 04, 2022, 09:08:24 AM |
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ETH is a popular crypto from the beginning. It has a great future. In my opinion ETH will land on 10000$ within next 3 to 4 years. We have to HODL it for next couple of years to get a handsome ROI.
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