Within days of the end of the year, many are wondering what will be the future of the cryptocurrencies in 2020; in particular, for the case of Ethereum (ETH). Although this digital currency has remained in second place by market capitalization, this has not been a particularly good year for the same. What, then, will be that 2020 will bring better things? This year was, in short, one of the worst years for Ethereum. Or, at least, one that yielded the worst results. According to reports Messari, the asset fell to its lowest value in the past nine months, and eliminated almost all the gains that had been obtained in 2019. Therefore, many are showing skeptics with the criptomoneda. Even Coin Floor, cryptographic exchange licensed by the Authority to Conduct Financial (FCA) in the Uk, announced that it would eliminate to Ethereum your list of cryptocurrencies marketable. This type of attitudes caused many to consider the last Hard Fork of the criptomoneda, Istanbul, hope to Erhereum to regain its value. The first few days after the fork it seemed that everything was resolved. However, even though Istanbul seemed to help the criptomoneda, it was not enough. So, what can you expect from the second criptomoneda most famous for 2020? Here we show you the good and bad predictions.
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The arrival of ETH 2.0
After all this panorama, it seems that the future of Ethereum is becoming something gray. However, the 2020 provides a lot of good things for the digital currency. Most important of all, is that at the beginning of 2020 will start to be implemented in the update of Ethereum, ETH 2.0, which will seek to change the consensus mechanism from PoW to PoS. The founder of ETH, Vitalik Buterin, has been promoting heavily this update via your social networks, ensuring that will bring great improvements to the Blockchain of the criptomoneda. Even answered some questions we had about the change to PoS (Proof of Stake). Most of them made reference to fears that the new mechanism would allow for the centralization. Before this, Buterin replied that: “There are two other techniques anti-centralization that the publication loses. The first thing is to have rules of protocol indulgent that does not require the nodes to have a high performance. Make sure that even the validation of the time of activity of the 70% profitable, does not have lock times and ultra, etc”. And Buterin is not the only one with high expectations for the update. Several members of the community cryptographic have shown their optimism in front of ETH 2.0. Even in laBITconf was given to understand that the 2020 aims to be the year for Ethereum between all cryptocurrencies.
Ryan Selkis believes that 2020 will be difficult to ETH
But just as there are positive opinions, there are also those who have not so good impression of the future of the criptomoneda. Among them is the founder of Messari, Ryan Selkis. The analyst cryptographic recently published a report where it explained how it would be, in his opinion, the performance of the cryptocurrencies to 2020. When referred to Ethereum assured that the next year would not be easy for the criptommoneda. Although there is a widespread optimism about ETH 2.0, Selkis believes that the update will not be fully effective until 2022. This is because ETH 2.0 is divided in several phases for its implementation. Zero-phase will take place in early 2020. However, it considers that the phase one will not come until 2021, due to the complications that lead to its implementation. Finally, phase two will not see the light until 2022, according to the predictions of the analyst. If this is done that way, it will mean that by 2020, in time to be the year of glory for Ethereum, it will be another year of defeat. Only that this time marked by an incomplete upgrade, which can affect the entire project. The same Selkis what is described as “a transition to chaotic and high-risk”. The following two tabs change content below. I am a student of International Studies, interested in new technologies and their impact on the world. A true believer that tenacity is the foundation of success.