What kind of problems will Ethereum 2.0 face in the future?
Everyone knows that Ethereum 2.0 launched the genesis block on December 1, and it has entered the normal operation stage, but what everyone is most concerned about is the issue of funds. Some people think that the price of Ethereum is already very high, and some Some people think that a real bull market has not yet ushered in.
In fact, I have written many articles about Ethereum 2.0 before this, what is the meaning of writing again?
This time I will take the future as the main topic and predict the possible situation of Ethereum 2.0.
Let’s first look at the current progress. The number of pledges in Ethereum 2.0 has exceeded one million, and the annual interest rate is 15.7%. According to the current progress forecast, there may be another wave of large pledges after the Ethereum 2.0 update roadmap, and I think four major events may happen in the future of Ethereum 2.0, which is what the official team should consider in advance. (This content only represents personal official, does not contain any behavior of ridicule or investment advice, just for discussion)
1. Assuming that Ethereum 2.0 reaches the 1.5 stage at the beginning of 2022, investors participating in the pledge can withdraw cash, but if there is a large number of withdrawals at that time, there will be a wave of decline in the current price of Ethereum, and there will be a big drop after withdrawal If it falls, investors will definitely have opinions in the community.
Assuming that the price of Ethereum in 2022 is $1,000, if a large number of withdrawals cause the price to drop to $900, and the shards have not yet been fully formed, a large number of transactions will continue to increase the gas fee of Ethereum to sky-high prices, and the number of pending transactions will increase. If it is large, it will affect the entire Ethereum ecology.
2. After the complete transformation from PoW to PoS is completed, how should the interests of PoW mining machine manufacturers and PoW mining machine holders be determined. The switch of existing PoW miners to PoS may lead to the loss of some miners, and a large number of new PoS miners may appear.
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Image source: CoinGecko (Ethereum’s price curve since its development)
3. At present, all Ethereum uses the PoW method to generate blocks, and it is widely used in the DeFi ecosystem. In the 1.5 stage, will there be a new currency that will be exchanged 1:1 with the existing ETH to To achieve the gradual transformation from PoW to PoS, investors who participate in Ethereum 2.0 pledge can continue to lock their positions for a period of time to obtain more income.
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Image source: Feixiaohao (ETH2,0 pledge curve in the past 30 days)
Now we can see that the pledge work of Ethereum 2.0 is progressing smoothly, and I am very optimistic about the long-term value of Ethereum, but in the bigger environment next year, whether there will be new types to attract investors.
At present, ETH is the most used in DeFi, Polkadot's ecology is also constantly innovating, and other domestic public chains are also eyeing to compete with Ethereum for market share.
How the future develops depends on the continuous changes. Although it is true to respond to all changes, isn’t the world of blockchains just exploring in constant changes? This is exactly what all blockchain practitioners are trying to make the blockchain As a result of the combination of off-chain scenarios, Ethereum has successfully taken the first step, and the follow-up story will be even more exciting.
