ETH 2.0

[Suba]

Ethereum was launched in 2015, the largest smart contract today. The most striking change from Ethereum 1.0 to Ethereum 2.0 is the change
PoW consensus to PoS,

 

[Monster Masterpiece]

I think the fees will still the same except if ETH 2.0 is like BCH comparing to the BTC one needs more clarification about this point.

 

[Lens]

Since the creation of the ETH2.0 i have not seen a significant change in the gas fee on the etherium network.

 

[Nomad]

Since the creation of the ETH2.0 i have not seen a significant change in the gas fee on the etherium network.

I also hear that there are no changes in gas fees. Then only benefit I see is now you can stake and earn passive income.

 

[Flower]

I also hear that there are no changes in gas fees. Then only benefit I see is now you can stake and earn passive income.

That is the only advantage that is in the merge and it will also reduce the huge energy consumption that was seen in the proof of work algorithm.

 

[Nomad]

Mining consumes a lot of energy and most of the mining activities are using coal power, therefore min ing activities are a global contributor of carbon footprint. Thus, move into PoS is normally thought to be better than PoW.

 

[Flower]

Mining consumes a lot of energy and most of the mining activities are using coal power, therefore min ing activities are a global contributor of carbon footprint. Thus, move into PoS is normally thought to be better than PoW.

There are a lot of advantages in the proof of work consensus because it will clean up the ethereum network and it will move to more environmentally friendly consensus that is agitated for.

 

[Lens]

There are a lot of advantages in the proof of work consensus because it will clean up the ethereum network and it will move to more environmentally friendly consensus that is agitated for.

Proof -of-stake consensus in the blockchain algorithm is hugely important and that is why every blockchain should proceed to this consensus.

 

[Bisolami]

I think the fees will still the same except if ETH 2.0 is like BCH comparing to the BTC one needs more clarification about this point.

I don't think it is like BCH
The transaction fees for BCH is very much low.