Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[LutherKing]

Ethereum founder has said over the years countless system has been developed that failed and users still lost funds everyday till now

He said we need a simple system with single transaction approval and three guardians approving the transactions Atleast

Thanks :-)

 

[SCAMEXPOSER]

Good intentions, I believe cryptocurrency market is improving on daily basis and I believe we will get there when transactions will be fast and less of charges.

 

[Wisdom01]

Yeah atleast something more enlightening and a guide so that users would take precautions and not loss all their funds by mistake ,when transferring crypto asset , he is right because many have lost their crypto due to that

 

[microunit]

Isn't the current already simple though? , some users who losts funds are those who usually don't even read and follow simple instructions so they send cryptos to wrong addresses

 

[Niklaz]

That will be nice and welcome developing if implemented and that will encourage more people to invest in cryptocurrency and subsequent increase in values.

But no matter how simpler system for transaction may look, it is the very important users to try as much as possible to follow instructions and read terms and conditions.

 

[Brain]

Ethereum founder has said over the years countless system has been developed that failed and users still lost funds everyday till now

He said we need a simple system with single transaction approval and three guardians approving the transactions Atleast

Thanks :-)

I would agree with him anything to make the handling of crypto currency transactions simple will be okay by me. But the most should be the security that will be safe for everyone

 

[Mariappa45]

He didn't explain the simpler system a trader needs to adopt in order to reduce the gas fee of the coin or make the transaction swift

 

[07Trinity]

Ethereum founder has said over the years countless system has been developed that failed and users still lost funds everyday till now

He said we need a simple system with single transaction approval and three guardians approving the transactions Atleast

Thanks :-)

As long as it will reduce their gas fee rate,it will be a good development,it amuse me to see that most of the etherium block chain charge very high when it comes to deduction.

 

[microunit]

Isn't this what the ethereum is currently testing though? the ethereum sharding protocol that is said to process transactions much faster in different nodes though they said it is quite a complicated process and they are still not sure as to when it will be completed and because there are some setback to using the said protocol so they are implementing measures and testing it

 

[SCAMEXPOSER]

Isn't this what the ethereum is currently testing though? the ethereum sharding protocol that is said to process transactions much faster in different nodes though they said it is quite a complicated process and they are still not sure as to when it will be completed and because there are some setback to using the said protocol so they are implementing measures and testing it

I think it is normal for the network to witness all challenges being a newly implemented protocols and I believe the feedback is what the developers will work on to improve the system because once Italian gas fee because significantly low the coin will ask more investors.

 

[microunit]

I think it is normal for the network to witness all challenges being a newly implemented protocols and I believe the feedback is what the developers will work on to improve the system because once Italian gas fee because significantly low the coin will ask more investors.

The thing with the testing of this protocol though it's it is not open to the public so the only that can test it are the devs they can't really get feedbacks from the people, as i have not heard any ethereum 2.0 testnet open to the public which the public could test it as the devs themselves also said they are not sure when this protocol is going to be completed might be 1 or 2 years or even more from now

 

[SCAMEXPOSER]

The thing with the testing of this protocol though it's it is not open to the public so the only that can test it are the devs they can't really get feedbacks from the people, as i have not heard any ethereum 2.0 testnet open to the public which the public could test it as the devs themselves also said they are not sure when this protocol is going to be completed might be 1 or 2 years or even more from now

Well it is better for them to be slow and get it right and I believe when it eventually come public they will definitely have to work on it because when users test run the protocol they will definitely give their opinion which will not give feedback for them to work on. Ethereum 2.0 will no doubt be a great relief.

 

[darasimi]

We really needed a simple platform than the complicated ones that flooded the cryptocurrency market. This will enable a single transaction approval. I have always thought that ethereum is a very simple platform because of the Smart contract integrated into the ethereum blockchain. The thread is very useful because it's coming from a reliable sourced.

 

[Rollerkid]

Indeed, we really need a cheaper system for processing ethereum transaction and subsequently ERC-20 transactions.
The gas fees is so high that transacting small quantity of ethereum based tokens usually result in loss and it's good for traders with small capital.
Traders and investors are eagerly waiting for a cheaper system of processing ethereum transaction and subsequently ERC-20 and it would be good if the system is released soon than expected.

 

[Balint098]

Then why doesn't he create that system himself? Do note that most hacks happened on exchanges and not on transaction protocols that many crypto coins are now using. Crypto transaction can't be hacked, but the login system and security system that most crypto exchanges are still using conventional system that can be exploited by hackers.

 

[darasimi]

Indeed, we really need a cheaper system for processing ethereum transaction and subsequently ERC-20 transactions.
The gas fees is so high that transacting small quantity of ethereum based tokens usually result in loss and it's good for traders with small capital.
Traders and investors are eagerly waiting for a cheaper system of processing ethereum transaction and subsequently ERC-20 and it would be good if the system is released soon than expected.

The ethereum platform would have been the best in the cryptocurrency market considering it features but the gas fee is the only obstacle. The platform allows developers to create their own cryptocurrency and it would be traded in the crypto market. They are called ERC-20 Tokens.

 

[microunit]

Indeed, we really need a cheaper system for processing ethereum transaction and subsequently ERC-20 transactions.
The gas fees is so high that transacting small quantity of ethereum based tokens usually result in loss and it's good for traders with small capital.
Traders and investors are eagerly waiting for a cheaper system of processing ethereum transaction and subsequently ERC-20 and it would be good if the system is released soon than expected.

Thought that ethereum devs are already working for that system though, as they are also working on the sharding feature in which they said it will greatly reduce the transaction fee in the system although there is still alot of risks in other sides so they are still ongoing on the testing phase over and over again to make it improve

 

[darasimi]

Thought that ethereum devs are already working for that system though, as they are also working on the sharding feature in which they said it will greatly reduce the transaction fee in the system although there is still alot of risks in other sides so they are still ongoing on the testing phase over and over again to make it improve

It would be nice of the gas fee issue was laid to rest. This as been a lasting issues on the ethereum blockchain and the transaction fee associated with the ERC-20 Tokens on the platform too is very high. If the proposed system isn't working, I would suggest that they also try to use the lightening network as it used for bitcoin.

 

[Styleplus]

Etherium should not be complaining honestly,they have the funds and the volume to make effective change, they also have one of the largest block chains.
The setback with etherium is their gas fee, I have recieved a lot of token from etherium but I can't withdraw because of the gas fee.

 

[microunit]

It would be nice of the gas fee issue was laid to rest. This as been a lasting issues on the ethereum blockchain and the transaction fee associated with the ERC-20 Tokens on the platform too is very high. If the proposed system isn't working, I would suggest that they also try to use the lightening network as it used for bitcoin.

Well the continuous added of mor projects under the ethereum network is making ethereum more in demand and causing more traffic in the ethereum network. The lightning can't be use in this way as ethereum will be switching to a proof of stake consensus soon and lightning network isn't really compatible with that, besides the reduce security of the lightning feature could endanger alot of smart contracts of the ethereum network