• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
ethereum network
Nexo Logo

Ethereum Developers Forge On Despite ETH Price Slump FUD

Martin Young by Martin Young
3 years ago
in Cryptocurrency news, Ethereum
Reading Time: 2 mins read
Advertisement

When a crypto asset fails to perform in terms of price it rapidly gets a big dose of chagrin from mainstream media and those that have lost money trading it. Ethereum is currently the prime example as investors begin to sour despite ongoing developments to the technology.

Ethereum Roadmap Still Solid

A major part of the crypto angst directed at Ethereum stems from the delays in solving the scalability issues that have plagued the project as its user base has grown. In its current state the network is ill equipped to handle the load it is expected to in order to fulfill its destiny as a ‘global computer’.

Granted, there have been setbacks to Ethereum’s mammoth scaling project which is expected to get off the ground within the next couple of months and continue rolling out into 2020. Compared to its rivals, EOS which has been plagued with centralization concerns, and Cardano which has failed to materialize at all, ETH is still fundamentally strong.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Community leader and Ethhub developer Anthony Sassano is still bullish. A recent tweet serves as a reminder of the work still being carried out under the hood and the expected roll-out dates for Ethereum 2.0.

Ethereum 2.0's current status:

Phase 0/Beacon Chain: Spec frozen, short-lived testnets live, expected launch 2020 ?

Phase 1/Shard Chains: Spec to be frozen soon™, testnets soon™, expected launch 2020 ?

Phase 2/State Execution: Spec in heavy r&d, testnets & launch TBA ?

— Anthony Sassano | sassal.eth (@sassal0x) September 5, 2019

Others have added that the developments will also be bullish for price as a lot of ETH will be locked up for phase 0 which will have the effect of lowering the token supply. Demand for ETH as a staking token will also have a positive effect on price as the current consensus model clearly has limitations.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Not All Are Convinced

Investors and traders usually only pay attention to price and not all are happy with Ethereum’s recent performance on that front. The fact that every altcoin has been battered as Bitcoin dominance surged to a two year high has been lost on some.

According to Bloomberg, co-founder and managing partner at Union Square Ventures, Fred Wilson, appears to be falling out of love with Ethereum. In 2017 he predicted that the market capitalization of ETH would surpass BTC but it has done the complete opposite, falling to ten percent of its big brother’s.

In a recent blog post Wilson added;

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.

“Ethereum, as many of you know, confounds me. It has shown the way to so many important things; smart contracts, programmable trust-free computing, potentially proof of stake, and a lot more. But it remains hard to build on, scaling issues abound, and many developers are looking elsewhere.”

This could not be further from the truth since Ethereum still has far more developers than any other platform and remains the current smart contract standard for the industry with distribution that cannot be matched.

Unfortunately it is the price that most look at first and there is nothing good to say about that at the moment. At the time of writing ETH has dropped 2% on the day in a fall back to $175.

Image from Shutterstock
Tags: 2.0Beacon chainETHethereumpriceserenitySharding
Tweet123Share221ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Related Posts

XRP

XRP Sluggish At Resistance – Will It Break Out After 2 Months Of Vertigo?

1 hour ago
Challenging Tiffany & Co. and What Could be the Most Expensive Public Sale in NFT History

Challenging Tiffany & Co. and What Could be the Most Expensive Public Sale in NFT History

3 hours ago
Bitcoin price

Bitcoin Price Trades A Little Over $24,000, Can It Target $27,000?

3 hours ago
Shiba Inu price

Shiba Inu Price Forms Cup And Handle Pattern, What Does This Mean?

6 hours ago
ethereum

Ethereum Hits New Milestone, Investors Accumulate Ahead Of Merge

8 hours ago
Ethereum Rejects $2k, Retest Of $1,800 Imminent

Ethereum Rejects $2k, Retest Of $1,800 Imminent

9 hours ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Nukplan (NKPL) Is Now Available for Trading on LBank Exchange

August 16, 2022

Blockchain ACGN Game NEO FANTASY, Rising Star Of Gamefi!

August 16, 2022

Tigon Mobile P2E Game Bless Global Pre-Registration Begins — “Expanding the P2E Ecosystem”

August 15, 2022

Revolutux, Solana, and Chainlink: Why the cryptocurrency market is optimistic about these names

August 15, 2022

The new Polygon Web3 platform, FrontFanz, signs over 100 more creators to join their platform

August 15, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.