Cryptocurrency

Ethereum 2.0: projects leave the network due to massive uncertainties

ETH 2.0, including Sharding and scaling applies as a solution for Ethereums current problems of the network overload. Skeptics described the project as a confusing and potentially harmful to the Start-up Ecosystem.

ETH 2.0 are in constant motion

ETH 2.0 chasing still the Trends and no one knows what is coming right at us. This is the view of James Prestwich, the founder of Summa is. In one Thread he said the challenges are to be expected in the case of a Ethereum Upgrade with several Live projects and huge ambiguities.

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Vitalik Buterin, according to the Release of ETH 2.0 for the end-consumer will not be noticeable. Shards and finality, however, could mean a new Complexity level for developers, as well as delays in the Review of the transactions and conditions.
The uncertainty around Ethereum appears that Start-ups leave the network. Bloomberg reported at the beginning of the year, that Ethereums market share in the dApp-decreased users significantly – from 100% in year 2018, only 28% in the year 2019. 48% of the projects have allegedly been transferred to EOS, while 24% of the TRON network to have preferred.

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Unclear, also, whether, and when, ETH 2.0 comes completely made with Proof-of-Stake at all. The Berlin Hard Fork maintains Status quo for the Mining, rather than increase the difficulty as planned in phase manner.

The ASIC-Miner-debate – still unresolved

In addition, the Ethereum Community is currently discussing again the theme of ProgPOW or the idea to get the ProgPOW – even if only to an ASIC-opt-out Fork. The Ethereum network, has recorded inflows of specialized Mining Rigs, even if the investments for the time being is still low. Due to the ongoing fears that Ethereum may soon be no more gemint, have become the investments of the ASIC and Mining – Farmer, low.
At the same time interest in the Ethereum Mining is that the activity growth of around 25% since the beginning of 2019 suggests. In the last few months, the E3-Mining at the Start, starting even before the official announcement of the sale.

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Uncertain whether the Miner only strive for profits or try to stop the transition to Proof-of-Stake. Also when Sharding the performance of ETH 2.0 remains questionable and the need, despite considerable resources.
Ordinary users can keep up with Ethereums history hardly step. Recently, the Sharding have changed parameters for ETH 2.0, which places a high demand on Hardware.

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It is also possible that the switch attempts to ETH 2.0 the growing DeFi-base affect, and thus the value of the Token in the secured lending business directly affect.

About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.