Uniswap is a decentralized exchange where you can buy and sell your cryptocurrencies. It was one of the first platform working like that (even the first maybe ?), and is nowadays the most famous too.
High fees are killing users
If Uniswap respects people's desires to use decentralized assets, the other side of the coin, the bad one, are the transaction fees. Indeed, as the transaction is completed on the Ethereum Blockchain, with ERC20 tokens, the mining fees rewarding miners are very high, especially at the present time, due to a congestion of the blockchain.
The DeFi is appreciated by many people and is seducing more and more people everyday. The main reason, I think, is the very very high rates you can find there. However, I don't understand how "normal" people can really win money with it, when you know that sometimes transferring crypto on a DeFi protocol will cost you 500$. 500$ to come ... and 500$ to leave ... at least before ETH 2.0.
Other Decentralized Apps already use ETH 2.0
ETH 2.0 has not officially announced its launching, but it is already tested on few apps, gradually. For example, a project that I love, Synthetix, has already adopted the layer 2 of the Ethereum blockchain.
Is that conclusive ? For the moment yes. Indeed, everything is faster, everything is cheaper, and the PoS I provide even give me more interests. I see no inconvenient at the moment, but maybe some will appear once everybody will be using ETH 2.0.
Day after day, ETH 2.0 is progressing, I wonder if this will be a "game changer" for our universe (and I hope it, by the way).
What excites you the most with ETH 2.0 ?
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