Quote from: Abiky on Today at 01:51:22 AM

Quote from: TastyChillySauce00 on July 30, 2024, 01:35:05 AM

the network congestion thing will probably get solved, i heard there's already solution for it and currently on testing in solana.

couldn't agree more with your last statement, ethereum is stagnating in term of technology, too much depending on its L2 and rollups to solve scalability while the main blockchain just stays the same.

ETH need to speed up the blockchain and solve scalability issue in the main blockchain if it wants to retain its position as the number 2 biggest crypto, otherwise solana will be a big contender that will slowly taking market cap of ETH little by little.

ETH developers are sluggish enough not to solve on-chain scalability issues on time. Instead, they're forcing users to move to centralized L2 networks. While I don't think Solana will surpass Ethereum's market cap in the future, it will grow larger because of its higher TX capacity and cost-effectiveness. At its current state, ETH gas fees are more expensive than Bitcoin's network fees. There are some smart contracts taking up a lot of network resources on Ethereum.

The idea of PoS + Sharding making ETH faster and cheaper to use is long gone. Everything is the same as it was when ETH was just a plain PoW blockchain (it's even worse now). Why would ETH catch up to BTC? No one can beat the "King". Hopefully, ETH developers address on-chain scaling issues before it's too late. Cheesy

Vitalik Buterin in his blogs talks quite a lot about what can and would probably be done in the future (and about L2 being the cultural extensions of ETH, so to speak): liquid staking, solo staking, better requirements for nodes, better diversification of power between node builders. But I didn't see anything about the price of the transactions itself Grin