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    Will the Ethereum 2 0 Update Reduce High Gas Fees?



    Will the launch of Ethereum 2.0 reduce the high gas fee of Ethereum. For more info please visit: https://trendsoncrypto.com/

    This video is about the high gas fee of crypto trading and will Ethereum 2.0 will be able to reduce the high gas fee and also try to cover the following subject:
    – What Is the Ethereum 2.0 Update?
    – What Is an Ethereum Gas Fee?
    – Purpose of Ethereum 2.0

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    So, do you think the high gas price will be reduced after Ethereum 2.0 release . Comment down your thoughts.
    Possibly you would like to comment listed below and let me understand what else I can assist you with or information on How Does Cryptocurrency Work.

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    Timestamps:
    00:00 Introduction
    00:33 What Is the Ethereum 2.0 Update?
    01:14 What Is an Ethereum Gas Fee?
    01:54 How Are Ethereum’s Gas Fees Determined?
    02:33 Ethereum’s High Gas Fee and Its Impact on the Platform’s Scalability
    04:20 Final Thoughts

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    What is the Ethereum 2.0 Update? Ethereum 2.0, also known as Eth2 and Serenity, is an upgrade to the Ethereum network that offers significant improvements. The network is expected to increase in terms of transaction fees, speed, and scalability. The update is now in the works and will be released in stages over the following few years.
    What is an Etherum Gas Fee? Every transaction on the Ethereum network costs “gas,” which is essentially a price paid to miners for processing the request. The amount of gas used is determined by the transaction’s complexity. A simple ETH transfer from one address to another, for example, uses less gas than a contract deployment or token sale.
    Purpose of Ethereum 2.0. The major purpose of the Ethereum 2.0 update is to improve scalability so that the network can accept more transactions without causing delays or incurring excessive fees. While the full implications of the update will not be noticed until it is completely implemented.
    Changes we are going to see after Ethereum transforms into Ethereum 2.0 are Probably the low gas fee.
    New Artificial Intelligence will be implemented after the new update, Blockchain will be able to accept more transactions at a single time and improved support of Defi Exchanges like Binance And Pancake.

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    DISCLAIMER: I am not a financial advisor nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am only sharing my opinion with no guarantee of gains or losses on investments.

    #eth2 #crypto #ethereum #gasfee

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    9 Comments

    3. Julie Wist on

      <I respect your work mate. TA Is all well and good but I find It truly baffling that all major crypto youtubers just look at pure TA and completely ignore the bigger narrative of why BTC Is dumping and why the future outlook might not be as rosy as It seems. It's kinda irresponsible to Ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC.. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market.This Is the worst possible time in history to invest as so many don't back up their crypto assets…more emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the Market..I have made over 12btc from day tradng with Glenn Adams, insights and signals In less than 3 weeks, this is one of the Best medium to backup your assets incase it goes bearish..

    4. MacDonald Kent on

      Most beginners believe that investing in crypto and stock is all about holding till it rises, with the recent crash in the market and recession. We should know that long term price predictions are very difficult to achieve. It's better to trade short term and make profit.

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