How did the community react to Ethereum 2.0?
Only 3 days have passed since the launch of the 2.0 version of digital silver, but the cryptoindustry community is already building many theories and predictions regarding the further development of the project. It is noteworthy that both experienced analysts and ordinary users who are willing to assess the prospects and risks of the company have undertaken the analysis of the future of the platform. We have collected the most interesting assumptions, forecasts and points of view below. In this small experimental article, we will find out the community sentiment towards the new company. So let’s get started.
Opinion: Ethereum 2.0 will not resist competitors
It should be understood that updating such a large coin as Ethereum is a truly serious process that does not take place in a few hours. Such work takes many months. That is why the full introduction of the functionality will take place only by 2022. The specialists will need about a year to assess risks, prepare the network and launch new technologies. But, of course, there is no denying the fact that Ethereum does not exist in a vacuum. The coin has many competitors who will willingly take the place of an asset by offering hastily made products.
And, according to skeptics, such little-known projects with their majority can simply crush the second cryptocurrency on the market. Of course, this sounds quite logical, but one of the most important factors is not taken into account in such judgments: trust. Alternative projects like Cosmos, Near, and Solana certainly have an audience of their own. But it doesn’t compare to Ethereum’s fan base. Digital Silver is loved by millions of dedicated fans who will definitely wait for the full launch of the second protocol. So the coin will surely cope with the competition.
Opinion: The solutions featured in ETH 2 are unparalleled and will lead the industry forward
This is the most common sense of the current state of affairs. Indeed, Vitalik Buterin’s team was able to develop a product that almost completely eliminates all competition. Indeed, with the launch of the Rollups system, the throughput of the second version of the coin will be about 100 thousand transactions. Imagine that you are facing a world computer capable of processing hundreds of thousands of translations every second. No more waiting, no exorbitant commissions. The system will do everything for you. This will change the crypto industry, such solutions will become the flagship that will lead all other projects into a bright future. And even the appearance of analogs will not be a problem.
Ethereum is the largest organization that can easily buy out dangerous enterprises, declare their products as their own and use the developments of third-party programmers. But fair competition in the form of independent projects such as Ripple and Bitcoin will help Ethereum not to face stagnation. These platforms will drive the development and improvement of Ethereum. And we, being ordinary users, will get solid advantages from this.
2021 should be a very interesting year, as side projects, offshoots and entire companies will appear on the basis of ETH 2.0. This is the engine of the cryptocurrency world for the coming years. The main thing is to follow the news of the cryptoindustry in order to find out about current events and trends. Stay up to date on blockchain innovation and technology with us. We publish only high-quality and interesting material. Thanks for attention. Good luck! And enjoyable use of the second version of Digital Silver!
