Daily Analysis: Will Ethereum be Replaced?

Hello, Steam users. This will be the first installment of my daily analysis of the Ethereum market. If this is something that interests you, please hit the follow button so you can be up to date with all my postings. Good luck trading!

Ok, so for today 1/3/2018

Ethereum has reached all-time highs after reports of a multi-million dollar grant for scaling research as well as the upcoming implementation of Proof-of-Stake on the network. This should help alliviate concerns that Ethereum is being replaced by Ripple, EOS, Cardano or Stellar.

How Ethereum Stays Relevant

• Proof-of-Stake implementation

Ethereum's Casper implementation will change the protocol from a Proof-of-Work (POW) system to a Proof-of-Stake (POS).

POS is a much more efficient system because it reduces the power centralization of miners, and incentivizes users to hold on to their coins - boosting the stability and value of the network.

• Sharding

Sharding will help Ethereum scale by breaking the blockchain into smaller parts that will process transactions at the same time.

• Raiden, off-Chain Scaling

Raiden is an off-chain scalability solution that is similar to the Lighting Network under development for Bitcoin.

Transaction Volume Remains Strong

Conclusion

Ethereum isn't being replaced. Despite the growth of Cardano, Ripple, and other programmable blockchains, Ethereum's development team continues to make good progress on scaling, and transaction volume continues to display exponential growth. This current rally looks far from over, and now might be a good time to buy.