Just a few weeks ago ETHEREUM was breaking $400-Do you think it will get Back?

in bitcoin •  last year

Wanted to share this article from TrustNodes.com
I have just been holding on to my Ethereum, but I know a ton of people who bought arond the $375 range and instant losses. But in this game there is no time for emotion. Just hang on and watch.

Is Ethereum Growing Too Fast?

Can eth handle all this demand is a question we might start asking more and more as the currency adds 50,000 transactions to its daily volume seemingly every week.

It can comfortably handle around 1 million transactions a day, which should be plenty for this year, but a capacity increase will then be required to be provided in two ways.

The Raiden Network builds a new layer on top of ethereum for recurring payments services, such as say from an exchange to a merchant, and for microtransactions and smaller payments, bundling many transactions into one on-chain payment.

Proof of Stake and Sharding are to provide direct on-chain capacity, with the latter doing so by using only some nodes, say 100, for x portions of a transaction, to then combine all the 24,000 nodes.

That is, instead of each node holding exactly the same data, they are sharded, processing only parts of it, demanding less resources from each node, while giving the total network far more power.

Enough, really, for as good as unlimited scalability, according to Vitalik Buterin, Ethereum’s inventor. So even if eth grows above capacity this year, which isn’t really foreseeable, that lack of capacity would only be temporary.

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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://www.trustnodes.com/2017/05/31/ethereum-transactions-reach-new-high-nearly-200000

it will eventually re test that high

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i think so also. Everything is down right now. Thats why we live by buy low sell high. Or buy low and hold LOL