Ethereum WILL rise again - the 3 keys to the comeback...

Crypto prices may be reaching yearly lows, but news in blockchain tech couldn’t be more positive. Large financial firms like Citi are offering new investment options. An ETF may actually get SEC approval. Gemini unveiled a new stable coin. And we’ve seen more growth in crypto industry than ever before. To drive this point home, let’s look at the new roadmap for Ethereum 2.0, according to the announcement released this week.

Beacon chain client - a new sidechain that will link to the mainchain to allow improved scalability. 7 different development teams are researching this new process. Each team is focused on a different coding language.

Aggregate signatures - a method of limiting the bottleneck of on-chain transactions. eWASM - a replacement for the Ethereum Virtual Machine (EVM). Ethereum will likely use what is called a “delayed execution model”. Delaying smart contract execution in theory would mean that shards are responsible for transactions and storing data only. Smart contracts would be transacted in 2nd layer solutions. eWASM will increase transaction throughput.

Rocket Pool - the new version of Proof of Stake which works with Casper, Ethereum’s consensus algorithm.

This detailed info is from Darren Langley, senior developer with Rocket Pool. According to Langley, scalability and new design will be the main features of the next generation of Ethereum.

So while the price of Ethereum my fall to sub-$100 levels, don’t be fooled into thinking this is the end of the worlds 2nd largest blockchain.

Author: Jeffrey Byron
Los Angeles News Desk