Ethereum Hard Fork: What will that bring to all of us

in #ethereum7 years ago (edited)

"The hard fork has been widely anticipated after the Ethereum road map for 2017 was released earlier this year. The map indicated that the coming release would contain some major upgrades for the platform. The announcement earlier in the year indicated a three to six-month window for release, and late September is right on the cusp of a full six months. While the timing is later than many had hoped, the news is a welcome encouragement for those seeking Ethereum upgrades.
The new hard fork should enable some significant upgrades.
First, increasing anonymity will come with new ‘zk-SNARKs,’ or Zero-knowledge proofs. Users will be able to perform anonymous transactions at higher levels than in the past.
Second, programming and smart contracts will be made far easier with the new upgrade, relieving some of the pressure on current programmers. Gas will also be adjusted for bill settling.
Third, masking for security enthusiasts will allow users to determine the address for which they have a private key. This will increase security on the network, even against quantum computer hacking.
Finally, the upgrade includes a ‘Difficulty-Bomb’ intended to make mining exponentially more difficult.
It remains unclear whether the upgrade will cause prices to increase or decrease. As mining slows, the price may fall. However, the upgrades should increase the amount of users on the system overall, causing the price to rise."

What this means:
-lower mining hashrates
-less eth produced
-lower inflation
-less freshly produced eth in circulation
-higher eth prices

This is a good highlight on how the miners should have behave in the past with their ethereum on the markets, not to live on ethereum (mined eth sold immediately) and by that providing a good supply of ethereum for those who wanted to buy. If ethereum is sold in less quantities, the buyers are willing to pay more, to be able to get ethereum in their wallets. It is a good point to start considering holding for long term.

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