ETHEREUM IS UP UP UPsteemCreated with Sketch.

in #ethereum7 years ago

Ethereum is going up fast. there will be hard fork for ether end of september '17 my opinion ether is gonna go WAAAAY UP.

Anticipated 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.

The bomb is designed to be an intermediate step in the transition from proof-of-work (PoW) to proof-of-stake (PoS) on the network. This has often been referred to as the ‘Ethereum Ice Age.’

Price response?
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.

Regardless, Metropolis is the penultimate stop on the road map - Serenity, the next upgrade, should produce an increase in stability, causing greater investment and price support.

Sort:  

Congratulations @jeltods! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You made your First Vote
You made your First Comment
You published your First Post
You got a First Vote

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Coin Marketplace

STEEM 0.19
TRX 0.17
JST 0.033
BTC 64316.24
ETH 2748.47
USDT 1.00
SBD 2.65