[ad_1]
The Ethereum Foundation has many projects this year, one of which is to significantly reduce energy consumption for transactions.
2019 could be the year of the Ethereum, as the experts predict, well, maybe if all the plans are going well.
Read more: Once the ICO market is restored, Ethereum "will quickly test $ 200," says the CEO of BitMex.
Despite the not-so-good start this year with the postponement of the long wait for Constantinople, the third-largest market-cap cryptocurrency seeks to reduce by 99% the energy consumption of transactions by the end of the year. of the year.
Read more: The Ethereum hard fork in Constantinople has been delayed in relation to a vulnerability discovered
By 2018, the EPF network would use about as much electricity as Iceland, which co-founder Vitalik Buterin himself described as "considerable waste of resources".
He is aware, as are many other supporters, that Ethereum's proof of work (PdT) uses too much computing power. That's why the reduction in energy consumption has become one of Ethereum's visions since its inception. achievable if the network eventually switches to a Proof of Participation (PoS) consensus.
Rather than trying to integrate the PoS into the existing ETH blockchain, the leaders of the EPF Foundation decided to create an entirely new blockchain operating only via PoS, which they called Ethereum 2.0.
A few months later, it was reported that many projects were in the development phase and programmers were working on software implementations using different programming languages on Ethereum 2.0.
Buterin warned that there could still be "unknown strangers" who could bring in undesirable problems and delay the construction of their building, which is very risky for Ethereum as a multi-billion dollar network, as indicated by Spectrum.
However, Ethereum may take even more risks if it further delays the PoS switch because Cardano, Dfinity, and Eosio are just a few of those who are already launching their own PoS-based block chains.
The "Ethereum killer", TRON has been reported several times for surpbading Ethereum in many ways, with recent news claiming that it takes ETH's dominance over gaming apps, at the times in terms of traffic and volume.
Read more: EOS and TRON resume traffic and volume of ETH gaming cards
Will Ethereum 2.0 bring back the network to its glory this year? As always, stay at Chepicap for updates.
Also check out our list of 5 Altcoins to watch for in 2019.
Follow Chepicap now on Twitter, YouTube, Telegram and Facebook!
[ad_2]
Source link
