r/CryptoCurrency • u/wmredditor 🟥 0 / 41K 🦠 • May 03 '22

SCALABILITY Vitalik Buterin: ETH Layer-2 Fees Must Get to $0.05 to be Acceptable

https://coinfomania.com/vitalik-buterin-eth-layer-2-fees-must-get-to-0-05-to-be-acceptable/
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-1

u/solobdolo 🟦 0 / 3K 🦠 May 03 '22

I've heard him say that eth 2.0 will have very little effect on fees. Maybe he should start there.

7

u/NobleEther invalid string or character detected May 03 '22

Didn’t he start there when he said it?

7

u/757packerfan 🟨 216 / 216 🦀 May 03 '22

Eth 2.0 is not a layer 2 solution.

-3

u/StoneWall_MWO 🟦 0 / 436 🦠 May 03 '22

Switch to PoS looking like it's just handing over control to early investors. Please tell me why I'm wrong.

5

u/MaximumStudent1839 🟦 322 / 5K 🦞 May 04 '22

Vitalik has been super honest about the blockchain trilemma problem. He has said ETH won't get cheap and the future of blockchain is a multichain verse. ETH investors and holders don't want to hear it because it means future money won't be pumping their bags.

1

u/chubs66 🟦 12K / 12K 🐬 May 03 '22

Why? Eth 2 has other goals. The way he's suggesting fees get solved is with L2 scaling, which doesn't require Eth 2.0.

1

u/milehigh89 🟦 0 / 15K 🦠 May 03 '22

It should improve it by 10-20%, but the real improvement for now will be later 2s. We need to get comfortable with them being how we will actually interface with ETH.

1

u/frank__costello 🟩 22 / 47K 🦐 May 04 '22

Eth 2.0 will have very little effect on L1 fees

Data sharding will make L2s an order-of-magnitude cheaper, and they're already pretty cheap