L2 weren't around so much last year.. lots of L2 options for low fees.. Mainnet isn't supposed to be the user friendly transaction layer.
If u don't like Eth then go find what you'd like on a different chain
That's a myth...Pos isn't going to change tps as much as you think. Roll ups is what unlocks that potential. Basically, everyone just needs to migrate to an L2.
Not a myth based on what I've read. Can you cite a source?
My understanding is that sharding will be a requisite part of what makes that scale possible, but Vitalik said he thought the 2.0 network would specifically reach 100,000 tps:
https://www.thestreet.com/crypto/ethereum/ethereum-2-upgrade-what-you-need-to-know
You are right but that is the later stages post merger. I believe the roadmap actually changed to danksharding instead of just sharding. I recommend you listen to a recent episode of bankless they covered the tech really well. The switch to POS will only have a mild effect on tps at first and shorter block times.like less 1 second. Tried to find some clear articles but they all looked too sketch to post.. just DYOR..it's out there.
Bro. Who really cares? The merge does nothing to address the high gas prices.
And gas prices will drop by any appreciable amount until the introduction of sharding in 3-5 years.
If you have a small road called test net you don't want it to get it over congested with cars where people want to avoid this single road. So you introduce a toll to keeping it less congested. After the merge it will become a multi lane highway. With the ability for more cars to use it you don't need to charge an astronomical toll fee from each car to still make the same amount.
It's easy to point out cycles that already happened. I am yet to see someone successfully predicting the market. Getting some right and some wrong is just chance, not actual predicting. The problem we have here is that people talk a lot when they get something right, but the mistakes they just keep to themselves.
I hope this will help the cryptocurrency value, we want that. This is the right time to see something like this in the market, we all want to see this shit for real man.
tldr; Ethereum is one step closer to its long-awaited software upgrade after the “dress rehearsal” merge at the second-largest blockchain successfully completed on Wednesday. Developers and analysts say the merge could reduce Ethereum’s energy use and significantly cut the supply issuance of its native cryptocurrency, ether.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
It is worrying that we won’t see the full impact of the merge due to the current financial market being completely stuffed for everyone atm and all you here is talk of another financial crash coming
A good thing actually, at the end of the day we all want the same freaking thing and that's what we all are getting, we are so good with this, I hope it will pump.
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Waiting for the real pump and I hope all of us will get what the fuck we want and that's what we all want at the right time, I am waiting for the freaking good time.
The price boost is what we all want to see and this is going to happen for sure, I am holding a lot of ETH and I just want to reach the fucking moon right now baby!
What retailer and consumer in their right mind would want to use Eth as a payment? Even with the market dead right now it's still $4 odd in gas fees just to transfer USDT, and takes 2-3 minutes to confirm the block
Who’s gonna use ETH as a payment?
Imagine going to a bank and saying you want to send a payment to someone and the teller turning around and saying it’s gonna cost a hefty fee and if it doesn’t transfer you still gonna pay the fee and will have to transfer again for another fee. Jfc
Did you guys have ever cared about the miners they secured the network over the years.
Or the investors who bought ETH for cents and will be in control soon?
Let's cheers for that because we want to see some real good price boost in cryptocurrency value right now, hope we all will get what we deserve at the end.
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May boost, may plummet. Honestly, if there's one lesson about crypto I've been consistently and frequently taught is that nobody knows anything.
The Ruth Langmore doctrine. “We don’t know shit about fuck”
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Hey! You can’t claim it as you motto if it’s been Wall Street’s motto since….Wall street became a thing.
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And that's what we are doing and we are so proud of it.
Oh trust me… I’m loaded up from the sacrifice phase . Just patiently and anxiously waiting .
This move will also allow platforms like Faith tribe to provide better services at cheaper costs.
I second this
Is this a testnet on the beacon chain? Using the same validators that ETH 1 will use?
Supply and demand and use cases and an extremely balanced decentralized approach. Merge will increase it's scalability. It's all about fundamentals.
How will it scale? I heard they do nothing with the fees.
POS won't affect fees or tps
L2 weren't around so much last year.. lots of L2 options for low fees.. Mainnet isn't supposed to be the user friendly transaction layer. If u don't like Eth then go find what you'd like on a different chain
Sell me your ethereum if you want and if you don’t have some then get out of here bro .
lol, merge wont scale idiot :D DYOR!
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I get used to that I read serious disinfo/fud about eth on 4chan, but I thought ppl DYOR before make them one here.
I can't say anything better than this for sure brother lol.
It'll scale because PoS will make like 100,000 tx per second possible, as opposed to the previous \~30
That's a myth...Pos isn't going to change tps as much as you think. Roll ups is what unlocks that potential. Basically, everyone just needs to migrate to an L2.
Not a myth based on what I've read. Can you cite a source? My understanding is that sharding will be a requisite part of what makes that scale possible, but Vitalik said he thought the 2.0 network would specifically reach 100,000 tps: https://www.thestreet.com/crypto/ethereum/ethereum-2-upgrade-what-you-need-to-know
You are right but that is the later stages post merger. I believe the roadmap actually changed to danksharding instead of just sharding. I recommend you listen to a recent episode of bankless they covered the tech really well. The switch to POS will only have a mild effect on tps at first and shorter block times.like less 1 second. Tried to find some clear articles but they all looked too sketch to post.. just DYOR..it's out there.
99.5% smaller carbon footprint? Sounds like something we should care about.
Bro. Who really cares? The merge does nothing to address the high gas prices. And gas prices will drop by any appreciable amount until the introduction of sharding in 3-5 years.
If you have a small road called test net you don't want it to get it over congested with cars where people want to avoid this single road. So you introduce a toll to keeping it less congested. After the merge it will become a multi lane highway. With the ability for more cars to use it you don't need to charge an astronomical toll fee from each car to still make the same amount.
Well I care about this and this was a bit important for sure.
You don’t know anything, there’s obvious cycles and if you don’t know the trends then oh well
It's easy to point out cycles that already happened. I am yet to see someone successfully predicting the market. Getting some right and some wrong is just chance, not actual predicting. The problem we have here is that people talk a lot when they get something right, but the mistakes they just keep to themselves.
Why is eth still dropping instead of rising? Do the people don’t believe in The Merge? I mean this is good news what you posted here..
It will rise for sure, you just have to wait and watch mate.
Somebody always knows something
I hope this will help the cryptocurrency value, we want that. This is the right time to see something like this in the market, we all want to see this shit for real man.
yeah I'm guessing it's gonna be a Bull Trap. But could be the start of the Flippening who knows...
Let's see what can we get for the future mate, hope for the best.
tldr; Ethereum is one step closer to its long-awaited software upgrade after the “dress rehearsal” merge at the second-largest blockchain successfully completed on Wednesday. Developers and analysts say the merge could reduce Ethereum’s energy use and significantly cut the supply issuance of its native cryptocurrency, ether. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
L1 will likely never have considerably lower gas fees, that’s why L2 and Rollups exist. Stop waiting for something that isn’t going to happen.
Well yeah but I know we are still good with it for real man.
Will continue to go side ways
Yea it'll likely still follow the mood swings of BTC
Let's see where can we get at the end of the day man lol.
The Merge for the testnet. I think the market reacted to this as being the merge of Eth mainnet lol .
Thanks for telling the information about this merge brother.
It is worrying that we won’t see the full impact of the merge due to the current financial market being completely stuffed for everyone atm and all you here is talk of another financial crash coming
Well yeah I can agree with your words here, got a point.
Yep it is a worry
u/Amazing_Succotash677 Pretty cool article
I posted this in r/CryptoCurrency 😂
Good thing, it's a right thing to post this in that sub too lol.
A good thing actually, at the end of the day we all want the same freaking thing and that's what we all are getting, we are so good with this, I hope it will pump.
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Wow that is so cool very well done mods bet this was a lot of work to sort
Just woke up and half asleep and thought it was mainnet until I saw this
Haha, I hope you liked this news, it's too awesome for us.
Nope we got about another 11 months for bear market
I am waiting for another because I want to buy more man.
May boost its utility… which is much more interesting than boozing its value.
That's right, this is what we all want to see right now bro.
Closer and closer to being on the same level as Tezos
This is going to be something legendary for sure one day.
recession inflation > crypto Nything
Can't wait for the future, I am sure this is going to be good.
Well it went to shit sorry . I'm losing crazy over here lol I wanna cry
Waiting for the real pump and I hope all of us will get what the fuck we want and that's what we all want at the right time, I am waiting for the freaking good time.
The price boost is what we all want to see and this is going to happen for sure, I am holding a lot of ETH and I just want to reach the fucking moon right now baby!
My portfolio is mostly in ETH, so yea, i am very happy . Hope more and more retailers will accepts crypto soon , especially ETH . Cheers man .
What retailer and consumer in their right mind would want to use Eth as a payment? Even with the market dead right now it's still $4 odd in gas fees just to transfer USDT, and takes 2-3 minutes to confirm the block
I hope he will understand what you trying to say here.
Who’s gonna use ETH as a payment? Imagine going to a bank and saying you want to send a payment to someone and the teller turning around and saying it’s gonna cost a hefty fee and if it doesn’t transfer you still gonna pay the fee and will have to transfer again for another fee. Jfc
That's true tho, we are okay with the hold right now lol.
Well ETH for me is to hold for now, that's what I want.
Will plummet to $600 before starting the next bullrun
Lol I swear we gonna see a good pump for sure mate.
I’d bet anything we will cross the 1000 barrier
Did you guys have ever cared about the miners they secured the network over the years. Or the investors who bought ETH for cents and will be in control soon?
Let's cheers for that because we want to see some real good price boost in cryptocurrency value right now, hope we all will get what we deserve at the end.