ETH 2.0 TONIGHT
ETH 2.0 TONIGHT
Jayden Mitchell
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twitter.com
twitter.com
Wyatt Nelson
when muun?
Ryder Morris
32 ETH coming through
Mason Lewis
I am afraid ETH 2.0 will be sell the news event once retards learn it's only staking phase and scalability is 2+ years away. Convince me I'm wrong.
Jackson Sullivan
Once again i've been near the fires of destruction but managed to survive. Last time it was (btc) 50 bucks away from liq back in march
Hunter Hughes
>Convince me I'm wrong.
Because ETH is fundamentaly undervalued already. Even at 1k USD it would still be undervalued. It's literally the most used and important blockchain.
Charles Edwards
>It's literally the most used and important blockchain.
>Blocks your path
Thomas Flores
Sell? Only a complete moron would sell at this point, we have been accumulating for years.
Why sell when you can kick back relax and live off staking? Staking is real, its here, it starts tonight.
Xavier Diaz
Been hearing about this for 1 year now. Will it actually ever happen
Aaron Miller
As great as I think Cardano can be, it isn't there yet.
Jacob Myers
Thank you money Skelly
Jayden Howard
IT CAN'T FUCKING SCALE. HOW MANY TIMES DO WE HAVE TO SAY THIS?!?!
ETH is pure spaghetti code. ETH was without a doubt a great idea; I will not deny that at all. However, most people in crypto don't have the comprehension or knowledge to be able and look at the code-base and identify flaws that could be catastrophic, both in terms of economic, security, and overall functioning in cost signals.
Vitalik is smart. However, he's the most retarded smart person in all of crypto. He's a fucking child who doesn't own up to his inability to produce a creation and has longevity. Him and his cronies wrote shitty-ass code. It can't scale. The only way it can scale is constant upgrades each time they feel things are getting congested. This is where the problem lies. It is impossible for ETH to implement a scaling solution to where it doesn't need upgrades anymore. For ETH to work, it will need constant upgrades of ETH 2.0, 3.0, 4.0, so on and so forth for an indefinite amount of time - just kicking the can down the road. Off-chain scaling won't work either because ETH's security is already shit on a stick. Making something more complicated that is already a piece of shit is 100% pointless. People can never steadily develop something on ETH because with each 'scaling upgrade', those who are creating on ETH will have to pivot each time to ensure their product is compatible to work on ETH. To sum it up, each time ETH decides to upgrade to scale, it just gets worse.
For ETH to work to the level needed, the amount of ETH in ever single wallet needs to be known after each transaction. Since ETH cannot implement SPV, it's impossible for ETH to scale because it does not have the capabilities to know the exact amount of ETH in every single ETH wallet after each transaction at a massive scale.
The only way to permanently fix ETH would be to roll back the chain to the beginning almost. Vitalik is just your average Russian retard who can't produce anything of value.
Jackson Lewis
staking ALSO speeds up the chain, based retard
Hunter Lee
Relax? Staking is quite difficult and you need to have good internet access and decent infrastructure or else you'll be penalized for unexpected downtime. Also can't withdraw for several years. Somehow other chains implemented staking without such hurdles.
Carter Brooks
Elijah Scott
not scalable
Ryan Brooks
this guy has been spamming the same copypasta for months LMFAO
Jordan Lewis
literally nobody has implemented non-delegated staking.
William Nelson
Calm down, there will be many trustworthy staking custody solutions very soon. Youll be able to have cuckbase or gemini or whatever stake for you with a simple click of a button.
Elijah Green
Ok this is new to me. Please explain how does phase 0 (staking) speed up the chain NOW. There is no computation or transactions happening on beacon chain for a long time. Or am I missing something?
William Long
based acoomulator trying to supress the price
Asher Carter
I have a but more than a half ETH. Am I gonna make it?
I have also 1k XRP
Isaac Clark
After the initial transition to Ethereum 2.0, the network will see an improvement to somewhere between 2000 and 3000 transactions per second. But more gradual improvements will be added to bump the speed capabilities up to 100k transactions per second. ETH2 scaling for data will be available *before* ETH2 scaling for general computation. This implies that rollups will be the dominant scaling paradigm for at least a couple of years.
Christopher Bailey
>half an eth
you have to leave now
Jordan Lewis
baby cant keep his computer on
Aaron Sullivan
Aren't rollups working independently of beacon chain anyway?
Joseph Morris
guy wants to stake with his gaming laptop
Lincoln Bailey
pic related
Isaiah Thompson
>only staking phase.
So when does Ethereum switch from POW to POS?
Camden Stewart
Ok found the Vitalik quote and you confused it a bit.
twitter.com
1. The ETH 1.0 as data layer can provide 2k tps with rollups. This is independent of ETH 2.0 launch.
2. The improvements won't be gradual but rather steep (when working shards are implemented in phase 1 rollups will be bumped and multiplied by the number of chains if I understand it right).
3. That's scaling for data before scaling for computation (correct).
Looks like I was right. 2.0 is literally irrelevant for now. It's the progress of rollups that matters for scalability for a while before phase 1.
Nathan Cruz
Post buterinas.
Grayson Flores
POW will likely only be phased out after phase 2 is deployed, tested and successful. Before that there will be phases 1.0, 1.5. It's still being researched and might not materialize for 2 or more years.