Vitalik Buterin Lays Out 4 Major Developments on the Ethereum (ETH) Network in the Past 15 Months

ethereum mining power

Ethereum (ETH) is one of the most popular coins out there. Also, its underlying technology is one of the most adopted so far. The blockchain project has been very useful over the years, however, it now faces a lot of rivalries in the space. The blockchain of Ethereum offers developers the opportunity to create decentralized apps. However, there is an influx of blockchain projects that offer developers the same opportunity with added features.

Vitalik Buterin – the co-founder of Ethereum (ETH) – has also been doing his best to prove the relevance of the blockchain project. Recently, he was reached out to by a Twitterati and digital currency fan on Twitter. The Twitterati asked him about the most notable changes that have occurred on the Ethereum network over the past fifteen months.

Recently, Buterin said that Ethereum has undergone a lot of significant changes over the past fifteen months. This is even what led to the query by the Twitterati. In Buterin’s earlier post, he said that the Ethereum network can even run without his contribution.

SEE ALSO:   Cryptocurrency Prices List Live Chart: Ethereum (ETH), Bitcoin (BTC), Ripple (XRP), Bitcoin Cash (BCH), Cardano (ADA), Litecoin (LTC), NEM (XEM) - Tue Oct 16

Buterin Outlines Four Major Changes in the Ethereum Network

In response to the post of the Twitterati, the co-founder of Ethereum outlined four major developments in the network. Buterin said the blockchain project has undergone a lot of developments over the years. However, he only highlighted four points explaining the developments the network has undergone in the past fifteen months. According to his post, the four points are:

  • Sharding/Casper spec, presently in the phases of refinement
  • More than four implementations of the spec well underway
  • Several implementations of plasma well underway
  • ZK-SNARK-based second-layer scaling and privacy underway.

Casper and Sharding Clients Are One of Ethereum’s Biggest Developments

Since Ethereum 2.0 vision was announced by Buterin, Casper and sharding clients have received a lot of attention from the dev team of Ethereum. Other dev teams such as PegaSys, Status, Prysmatic Labs, Sigma Prime, and Rocket Pool have also been working on it. The dev team at Rocket Pool said that the new version of Ethereum has the potential to create a new economic system and change the global perception of the digital currency.

SEE ALSO:   Ethereum Predictions 2018: How High Can The Price Of Ethereum Go? ETH News Today -Tue Oct 16

Constantinople to Be Launched after Ethereum Devcon 4 Event

The new hard fork of Ethereum (ETH) – Constantinople, is scheduled to be launched after the Ethereum Devcon 4 event. The community of Ethereum is very excited and they are waiting in anticipation for the launch.

Ethereum (ETH) Price Today – ETH / USD

Name Price24H (%)
Ethereum (ETH)
$209.32
-0.73%

At the time of writing, Ethereum (ETH) is trading at $224 after an increase of less than one percent over the past twenty-four hours. Ethereum (ETH) is still the second most dominant digital currency in the world with a market cap of $23 billion and a trading volume of $1.42 billion over the past twenty-four hours.

Ethereum Price Trend

Ethereum (ETH) price trend hasn’t failed to reach the expectation of investors. The digital currency recently traded close to the $250 mark. However, since it declined below the $230 mark, it has been under severe bearish pressure.

Ethereum is currently supported at the $220 mark. A break below this level would see the coin decline towards the $210 mark. On the upside, the digital currency is strongly capped at the $230 mark, but its immediate resistance is at $227. A break over this level could push its value towards the $230 mark.


LEAVE A REPLY

Please enter your comment!
Please enter your name here

2 × five =

This site uses Akismet to reduce spam. Learn how your comment data is processed.