Developers are rolling organize overhauls, however gas expenses on ETH stay the same. It's exceptionally costly to perform exchanges on the Ethereum blockchain compared to other competing chains. The ETH 2.0 overhaul will lighten the circumstance but engineers keep postponing the same. Individuals are getting wiped out and tired of ETH's "slowing down" as expenses proceed to rise like there's no tomorrow. On the off chance that I'm not mixed up, engineers will delay the trouble bomb once more (by December) in arrange to drag out the PoW blockchain. The longer it takes for expenses to decay on ETH, the greater its competitors will grow.
Do you think competitors will vanquish ETH due to ever-increasing gas expenses? In the event that not, why? Are steady delays a result of miners' resistance against lessening gas expenses on the blockchain? Your input will be enormously acknowledged. Thank you.
It's no longer called ETH 2.0. It's called consensus layer (ETH 2.0) and execution layer (ETH 1.0). Shifting from PoW to PoS won't have much affect on the gas price. It is going to be almost the same in the long run. Not sure about the TPS, but there probably won't be a huge difference. Data sharding is what everyone is waiting for. Sharding will reduce the fee on Layer1/Layer2 chains. For now, ETH is almost unusable for any small transaction or trades. It is the Layer 2 solution which is the future of Ethereum.