Post
Topic
Board Altcoin Discussion
Re: ETH Gas transactions price is about to hit 300
by
Blue_oxen
on 13/08/2020, 09:28:18 UTC
I hope ETH 2.0 will be released soon and transaction fee issue will be solved. We can't switch to another coin because most of altcoins now are based on ETH blockchain network.

Even with the ETH 2.0 launch, it will take at least a year for the transaction fees to go down because AFAIK ETH 2.0 will be launched in three phases. Phase 0 which is now phase 1 which is mainnet without smart contracts and phase 2 which will include smart contracts.
That's so true! In my opinion, launching ETH 2.0 not only can't reduce the fee but also increase them! As we can see, many people are waiting for the launch of ETH 2.0. The reason is that they believe when ETH 2.0 launched, there will be a bullish season for altcoins. Therefore, it can be a factor to even skyrocket the ETH transactions fee!