Discussion about ETH

[Georgex]

Sometimes I think..
If now we have a fast network with ecology as prosperous as ETH and low tax
Why we need L2 network and ETH..It seems like a deficient network repairing itself constantly.
And POS is without justice that the strong will always be stronger.Blockchain need justice and every one is equal.

I want to see you mates' opinion.And if possibile,please recommend me the best cryptocurrency undervalued now thx.

[Apocollapse]

Low tax? tax is depend on where you live and your nationally, I think what you meant is low gas fee.

The discussion about ETH 2.0 has been existed since long time ago and it looks like Vitalik Buterin not really care since there's no altcoin overtake ETH's position yet. Proof Of Stake is centralized and it never been a good protocol due to centralized.

The best undervalued crypto right now is Bitcoin.

[Dave1]

Low tax? tax is depend on where you live and your nationally, I think what you meant is low gas fee.

Perhaps this is what the OP meant, because we all know that ETH is used to be one of the fastest crypto before, unfortunately, if my memory serves me right, the start of the crypto kitties really put a lot of stress in the network of ETH and the fees started to go up.

The discussion about ETH 2.0 has been existed since long time ago and it looks like Vitalik Buterin not really care since there's no altcoin overtake ETH's position yet. Proof Of Stake is centralized and it never been a good protocol due to centralized.

True, it's been years of discussion, even prior to the pandemic, we have heard about ETH 2.0 and it's numerous delays and roadmap. But still the high ETH gas fees was not resolved. And on the other hand, it become more centralized that ever.

The best undervalued crypto right now is Bitcoin.

It is because we are still in the bear market. But once the market goes on a bull run, $100k or more is on the horizon for all of us.

[jossiel]

It's because every project sees themselves as way better than the existing one. That's why even if there's already a project that shows all categories to be solving scalable issues, they won't honor that and they will take over until the problem will start to exist on them.

The best undervalued crypto right now is Bitcoin.

They will not look at it if they've been closed minded with the altcoins L1/L2 or any layer that they're thinking is at good condition at this moment.

But if they will realize it, this gets never over as there will be one to make up to cover the existing ones proclaiming they're better than the rest.

[TravelMug]

Sometimes I think..
If now we have a fast network with ecology as prosperous as ETH and low tax
Why we need L2 network and ETH..It seems like a deficient network repairing itself constantly.
And POS is without justice that the strong will always be stronger.Blockchain need justice and every one is equal.

I want to see you mates' opinion.And if possibile,please recommend me the best cryptocurrency undervalued now thx.

It's the believed of Vitalik that Ethereum will be more secure if they go POS. That was his statement 4 years ago, before this whole mess with the exorbitant gas fees. But looking back right now, it just make Ethereum worst and more centralized, so there is a trade off the Vitalik is referring to, security vs centralization.

So you will be the judge whether he achieved something or not.

As for the undervalued crypto, it's a guessing game right now. We could recommend something but it might not be big in the future.
The best approach is to really do your own research.

[Tipstar]

Sometimes I think..
If now we have a fast network with ecology as prosperous as ETH and low tax
Why we need L2 network and ETH..It seems like a deficient network repairing itself constantly.
And POS is without justice that the strong will always be stronger.Blockchain need justice and every one is equal.

I want to see you mates' opinion.And if possibile,please recommend me the best cryptocurrency undervalued now thx.

I too am not optimistic about the future of Ethereum as a utility token. They have been trying to fix problems for years yet the chain is still unusable with large fees and congested networks. Newer alternatives provided better performance and efficiency in low price. And with interoperability and use of similar languages to code, there's no lack of experience. We'd see ETH lag behind on coming bull.

[fmz89]

Sometimes I think..
If now we have a fast network with ecology as prosperous as ETH and low tax
Why we need L2 network and ETH..It seems like a deficient network repairing itself constantly.
And POS is without justice that the strong will always be stronger.Blockchain need justice and every one is equal.

I want to see you mates' opinion.And if possibile,please recommend me the best cryptocurrency undervalued now thx.

technically eth can do zero fees and the team decided to burned the fees instead to decrased cirulation makes equilibrium with printing coin from staking it self,
and L2 coming to extend the network, if eth doing zero fees and sharding with 100k tps achieved, then there is no point for layer 2.
this decision makes community growth with layer 2 option so everyone happy

[cryptoaddictchie]

Why we need L2 network and ETH..It seems like a deficient network repairing itself constantly.

Well someone isnt agree on other things right? Not all opinion can be the same for every developer out there. Plus why can make only one if there is freedom to develop their own version. This is likely the case since every project developer out there wanted to point out flaws of others and feels like they can do much better. Since its a decentralized space, we could see more of this being combine and created a sophisticated network.

[Mr. Magkaisa]

Low tax? tax is depend on where you live and your nationally, I think what you meant is low gas fee.

The discussion about ETH 2.0 has been existed since long time ago and it looks like Vitalik Buterin not really care since there's no altcoin overtake ETH's position yet. Proof Of Stake is centralized and it never been a good protocol due to centralized.

The best undervalued crypto right now is Bitcoin.

     -    Remember from POW that Ethereum has done amazing POs, which means that ETH can still return to POW if vitalik buterin wants to,.. but nevertheless, whatever ETH has now, we can still say that it has good potential that can be given that is a profit for those who believe in it when it comes to long-term holdings.

Because it is certain that when the value of Bitcoin increases, the value of Ethereum will also kick in the market, and the majority of the community here in the crypto space has seen this many times.

[Xal0lex]

L2 is needed to solve the problems of the main network. The ETH network is experiencing scalability problems and still has high transaction prices, and the transaction speed itself is not as fast as L2 solutions. Until the ETH network solves the problem with fees and scalability, these problems will be solved by other networks, such as Arbitrum.

[fzkto]

Low tax? tax is depend on where you live and your nationally, I think what you meant is low gas fee.

The discussion about ETH 2.0 has been existed since long time ago and it looks like Vitalik Buterin not really care since there's no altcoin overtake ETH's position yet. Proof Of Stake is centralized and it never been a good protocol due to centralized.

The best undervalued crypto right now is Bitcoin.

     -    Remember from POW that Ethereum has done amazing POs, which means that ETH can still return to POW if vitalik buterin wants to,.. but nevertheless, whatever ETH has now, we can still say that it has good potential that can be given that is a profit for those who believe in it when it comes to long-term holdings.

Because it is certain that when the value of Bitcoin increases, the value of Ethereum will also kick in the market, and the majority of the community here in the crypto space has seen this many times.

Perhaps ETH can show better growth than bitcoin. It is the king of all altcoins for a reason. ETH is the basis for a very large number of projects that are constantly growing and new ones appearing. I think that in the future, when the issue of cryptocurrency regulation will be solved, many corporations will be able to start using ETH. And then a new era can begin with a change of priorities.

[worle1bm]

Do you think Vitallik will move to options where he loose control? This is why they have POS system which is more of centralised base where if you have more stake you are main validator which is not good.The gas is also so high and for normal amount of transaction you have to afford high fees with it also but L2 is not in their mind untill personal profits are at priority.

[Huppercase]

Sometimes I think..
If now we have a fast network with ecology as prosperous as ETH and low tax
Why we need L2 network and ETH..It seems like a deficient network repairing itself constantly.
And POS is without justice that the strong will always be stronger.Blockchain need justice and every one is equal.

I want to see you mates' opinion.And if possibile,please recommend me the best cryptocurrency undervalued now thx.

ETherereum community will continue to hide under the radar of gas fees, they have dodge that question multiple times because of it sensitivity because they know that Ethereum chain can't scale without rewritting the code from beginning and doing that is just like abandoning the chain and starting a new one entirely, we have seen countless hardfork of in the past and there is no improvement and that makes me think that Ethereum cannot be scale without the interaction of sidechains as the layer 2 and this is why Ethereum has remain the same in development except for DEFI but seems to be more interesting on other chains.

Many people will claim that Ethereum chain is more secure but I think that was when it was still in proof of work, you can't tell me that Ethereum is secure when it is now centrealized more than ever, if one of the biggest validator should exit and commmit fraud, it will affect Ethereum price by 50% but they are all blind with the believe of commitment of previous people who held into proof of work. Because a dog is mad and silent doesn't mean it cannot bite the owner one day.

Lastly, asking for suggestion of alternative coins to ETH is like asking for a financial advice, that will lead you astray and the chance of making something great from there will be difficult. I will advice you do your own research like the way you mount up good effort in finding Ethereum chain, you will do well in other layers that are undervalue in the market, you can get a coingecko app on your own phone and see for the list of coins in the market.

[bluebit25]

Sometimes I think..
If now we have a fast network with ecology as prosperous as ETH and low tax
Why we need L2 network and ETH..It seems like a deficient network repairing itself constantly.
And POS is without justice that the strong will always be stronger.Blockchain need justice and every one is equal.

I want to see you mates' opinion.And if possibile,please recommend me the best cryptocurrency undervalued now thx.

I can give an example to make it easier for the OP to imagine how a tree grows, from childhood to adulthood, ETH in the altcoin section is like a stump, and then the trunk, branches, leaves, and fruits ,... similar to L2, products that operate in this crypto environment. So everything has to develop optimally from the basics, this market can be said to be as simple as that, not to mention bitcoin.

[makishart]

Sometimes I think..
If now we have a fast network with ecology as prosperous as ETH and low tax

You meant gas fees not tax. Bitcoin has become the fastest one once it's introduced by satoshi nakamoto but the scalability problems were appearing once crypto got massive adoptions. The scalability problems were unpredicted before. Mass adoptions trigger it to appear.

Why we need L2 network and ETH..It seems like a deficient network repairing itself constantly.

L2 network as a solution in fixing the scalability problem faced by L1. I tell you that if blockchain still experimental things. It needs improvements with the goes of time. That's why the development of ethereum is still happening.

I want to see you mates' opinion.And if possibile,please recommend me the best cryptocurrency undervalued now thx.

Just stick to the all of major coins. That will give you more guarantee for your money. I can't really suggest you which coins but you just need to DYOR.

[Xal0lex]

ETherereum community will continue to hide under the radar of gas fees, they have dodge that question multiple times because of it sensitivity because they know that Ethereum chain can't scale without rewritting the code from beginning and doing that is just like abandoning the chain and starting a new one entirely, we have seen countless hardfork of in the past and there is no improvement and that makes me think that Ethereum cannot be scale without the interaction of sidechains as the layer 2 and this is why Ethereum has remain the same in development except for DEFI but seems to be more interesting on other chains.

Many investors keep mentioning that the problems with commissions did not disappear after the transition to PoS. But no one ever said that changing the consensus itself would fix the problem. The commission problem in the ETH network can be fixed by sharding and rollups.

The only thing that has changed since the consensus change is the level of centralization and censorship of transactions. The network has become much more censorable. In general, so far, except for promises, the ETH network does not show anything good, if we are talking about scalability and commissions.

[o48o]

L2 can take lots of stress from the mainnet. Imagne all that traffic happening in L2 these days to move into L1. It would break the system instantly and fees would be astronomical. I am counting in nfts, countless De-Fi protocols etc. And i understand where you are coming from and layer 1 will be way more efficient then ever before, but even when it scales, i wouldn't move all "unnecessary" traffic to L1. It's important that L1 stays as simple and light in code as possible so it doesn't break easily. Heavy lifting can happen in L2.

[goaldigger]

ETH is able to build a strong foundation and that’s why even if the network fee is expensive, many projects still eyeing to work under the ETH network for some reason. You can look for LTC for a cheaper network since its also a good coin the only problem is that, only few projects under this network and if you are looking for an ETH project right now, you have no other choice but to deal with those fees.

[nelson4lov]

Sometimes I think..
If now we have a fast network with ecology as prosperous as ETH and low tax
Why we need L2 network and ETH..It seems like a deficient network repairing itself constantly.
And POS is without justice that the strong will always be stronger.Blockchain need justice and every one is equal.

I want to see you mates' opinion.And if possibile,please recommend me the best cryptocurrency undervalued now thx.

There's one inherent issue that both Bitcoin and ETH suffer and that's the inability to scale the networks when the demand for computing resources peaks. ETH thought it could solve this problem but it's an ongoing problem that is yet to be fixed (the blockchain trilemma). L2 are simply scaling ideas that are yet to make a huge statement.

For other altcoins, the best bet over the years has been getting newer tokens which are hyped as the next best thing and dump it when it has gotten to peak price.

[JeffBrad12]

if what you meant by tax is gas fee than I think thats not really low, it still takes quite amount of money for just executing simple swapping.
the point and reason why L2 exists is because they are just giving a way to take some of the transaction off the ethereum chain, process it outside and then give the information back in batches.
added with the fact that some L2 might have their own implementation that innovates a little.
overall I think L2 is quite good idea in mitigating too much traffic in ethereum, you will see its function once ethereum gets clogged again in upcoming bullish season.