25 Jun '16, 12pm

Ethereum for the Overwhelmed Layman

Ethereum for the Overwhelmed Layman

Unlike most cryptocoins, which will gradually fade away, at least one of bitcoin and ethereum is here to stay – though quite possibly not both. By the end of 2017, either BTC will hit $2,000 or ETH will hit $120. Despite bitcoin’s head-start, unless its developers start healing their divisions, ethereum’s market cap will surpass it by end of 2017. Right now, ethereum looks on track to adopt proof-of-stake before bitcoin supports 10 transactions per second. That is an embarrassing reflection on their paces of development. The DAO is dead: Even if it pulls through this month’s crisis, further technical and regulatory minefields await. The “hard fork” plan will carry the day, returning its investors’ ether (though 20+% of them won’t even get around to withdrawing it), but that will be the end of it. Slock.it are a likely casualty as well, their funding model and credibility i...

Full article: http://www.coindesk.com/ethereum-overwhelmed-layman/

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