Ethereum is the second most popular cryptocurrency after bitcoin. In the run-up to the long-awaited Ethereum 2.0 standard, many wonder what the future holds for Ethereum. And how much will its original Ether coin (ETH) cost?
So far, there is good reason to believe that the outlook for Ethereum casinos in the UK in the coming years will be primarily positive. But it depends on ETH’s dominance in market capitalization, its popularity, and online value calculation, with ETH surpassing bitcoin in the latter.
Ethereum has a programming language that allows developers to create and publish distributed applications. The potential applications of Ethereum are almost limitless. Ether is the cryptocurrency Ethereum, the second largest after bitcoin, but different in its structure, as it supports the ability to implement code of any algorithmic complexity. It was a revolutionary step in the development of distributed registry technology. Ethereum is considered the first universal blockchain platform.
The price is projected to maintain its upward trajectory based on past performance and growing acceptance of the Ethereum blockchain. It is second only to bitcoin, with a capital of $ 20 billion and a daily trade turnover of $ 12 billion. Many expect an ETH breakthrough due to Ethereum’s status as the first and only general-purpose blockchain.
Stacking ETH 2.0 looks like keeping a certain number of broadcasts online in exchange for a reward. The approach is fundamentally different from Proof-of-Work (PoW), the consensus algorithm used today by ETH 1.0, and the leading cryptocurrency, bitcoin. PoW gives the holders of the most significant computing power (miners) the right to confirm the blocks – for this work, they are rewarded in the form of newly generated coins and commissions for processing transactions. This is a much more energy-intensive method of extraction compared to PoS. In this sense, the future is for PoS, as stacking as an environmentally friendly alternative to mining saves time, money, and effort.
Moreover, ETH 2.0 introduces sharding, in which transactions in the blockchain will be checked not by each node sequentially, as now, but by division into factions. In this case, each of these fractions will be entrusted for processing to a specific validator. Thus, the air solves the problem of network scalability – the speed of transactions increases many times while commissions fall.
It’s no secret that commissions at Ethereum have skyrocketed in the last year and have primarily slowed down the development of the so-famous DeFi industry. It is entirely unrealistic to use a financial application based on Ethereum when the cost of gas often exceeds the amount sent. So sharding is a DeFi ticket to a bright future.