Post
Topic
Board Speculation (Altcoins)
Re: Will 2022 be the year of ETH 2.0?
by
Abiky
on 31/01/2022, 12:05:33 UTC
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 Grin