The Ethereum Blockchain has bloated by 700% last year - about 180GB now! Murphy's law?
A must read article.
"Ethereum’s (ETH) blockchain is now larger than Bitcoin’s at around 180 gigabytes, with experts warning further increases may spell disaster.
Further Twitter commentators added that the problem of so-called ‘Blockchain bloat’ would be “compounded” by the fact that the relative free-for-all on Ethereum-linked wallets meant that many users had a considerable number of them."
https://cointelegraph.com/news/ethereum-blockchain-bloat-could-reach-1tb-in-2017
(Source: http://bc.daniel.net.nz/)
The Ethereum project was highly controversial from the very beginning. Right now - it's a big success, though there are a lot of technological challenges that has just emerged.
I believe in the Ethereum team, but I also know that anything can and will probably happen - after all...
Murphy's law: Anything that can go wrong will go wrong.
What do You think about it?
Yikes! I see a crash waiting to happen. ETH will still be there, and so will everything to work on it, but the money will disperse to coins which are intended to act as a store of value.
Maybe, sometimes I think that Ricado Spagni -(Monero) was right about some cryptocurrencies including Ethereum. I recommend this interview.
Haha good interview. Poor Andreas, "a phenomenal waste of skin." It does seem like the dotcom bubble in the way Riccardo claims, that many new projects are likely impossible; at least in the short term.
He may just be honest. I value his opinion more than others who can only see the bright future.
The Big Banks are in a lot of projects now - we all remember their truthful claims from the past.
Regards.
First their price gets bloacted, and now their blockchain too? So much for efficiency. I see disaster waiting to happen.
I don't have a definite answer for that, I'm not sure if anyone does. I'm certain it's not just fudding - this is real - the problem is real!
I wouldn't surprised. Just as a point of comparison, I recently installed the DOGEcoin core wallet and downloaded the full blockchain. It's only 20GB for 3.5 years of transactions. That's nothing compared to that wopping 180GB in just one year.
And with all these ICOs it's only getting worse day by day. Maybe we shouldn't underestimate innovation. Ultimately The necessity is the mother of invention, if not this is going to be a big crash and all cryptos will be hit unfortunately, because of the sheer size of Ethereum market.
Mr Market will not be kind to projects that cannot work as intended. A bloated Blockchain does not seems helpful for succeeding.