Ethereum News Today – September 5

Ethereum

Ethereum News Today – Ethereum is one of the most outstanding blockchain projects in the crypto space. The blockchain project has achieved quite a lot, and it has come to the rescue of many developers and startups. In a recent podcast episode, Vitalik Buterin talked about the developments with Ethereum 2.0 as well as his opinion on the blockchain industry. Vitalik Buterin is the founder of the Ethereum Foundation and the co-creator of Ethereum.

Ethereum 2.0 Will be the World Computer – Vitalik Buterin

Ethereum News Today – Buterin said that Ethereum 2.0 would boost the processing speed of the network. Bringing the speed up to tens of thousands of transactions a second. He claims “Ethereum 2.0 would actually be the world computer.” Buterin also agreed to the fact that the development has taken a very long time. He admitted that there are some things they did not get right the first time. In a statement, Buterin said:

“Blockchains as they presently exist are in many ways a joke, right? Like 15 transactions per second, you are not going to run the world economy on top of that. So I am definitely just really excited about turning Ethereum into a system that we can really, fully be proud of.”

Ethereum (ETH) Price Today – ETH / USD

#NamePrice24H %
2
ethereum
Ethereum(ETH)
$180.19
-3.11%

Vitalik Buterin Shows Concerns over the Security of These Decentralized Assets

Regarding the future of digital currencies and blockchain, Buterin said:

“Being realistic, there has been a very little deployment of blockchain applications outside of digital currency so far.”

However, he said that is beginning to change now. The efficiency, immutability, and security offered by blockchain make businesses easy to operate. He also showed concerns regarding the security of these decentralized digital assets. Buterin said that like centralized authorities we see today, the custodians and exchanges would do the same in the future.

The founder of the Ethereum Foundation is very optimistic about the future of digital currencies and blockchain. He said that blockchain tokens and rewards for even the slightest things such as the environment could be of high value in the future.

The Roadmap of Ethereum Is Still Solid Despite Poor Price Performance

Ethereum News Today – Ethereum (ETH) is still fundamentally strong compared to other crypto projects such as Cardano (ADA) and EOS (EOS). Ethereum is known to have scalability issues over the past years. The network is growing at a very fast pace and its users are asking for improvements. The current state of the system cannot handle the load it is expected to handle to fulfill its goal as a “global computer.”

However, the dev team behind the project are working tirelessly and the expected upgrade will be rolling out soon. The roadmap of the project is still very much solid and Ethereum 2.0 will soon be rolled out. The improvement of the network would definitely have a significant impact on the price of ETH.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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