Crypto News | Ethereum scaling research becoming subsidized

Hello once again in the new year! Today, the main piece of news concerns ethereum, as the organization in charge of developing it has announced two programs that are meant to fund research of ethereum scaling. Vitalik Buterin, the person who created ethereum, announced recently that the number of transactions on that network is closing in on one million per day, which is making ethereum scaling extremely important from a technical standpoint. Two solutions are proposed, with each having a program of its own.

The first solution is called sharding. This is supposed to reduce the number of nodes needed to confirm a transaction, since currently you need every single node to do that. Protocols regarding this should appear in their test forms very soon. The other solution takes a completely different approach. This solution is called layer-two protocols and through them the transactions would be processed off the main blockchain. Each program can award up to  one million dollars in order to help people implementing these solutions cover their costs. Additionally, third parties that would work on ethereum scaling are also wanted by the network’s developers. Certainly, this will attract a lot of people, so keep an eye on more significant price movements when it comes to ether in the days to come.

As for the news from the ‘real’ world, we would like to point your attention once again to Asia. Indexes over there are growing across the board, and are closing in on their all-time highs. However, the Eurozone and Wall Street are not that far behind, so the overall market sentiment seems to be extremely positive and the growth could very well continue in the near future. It is especially worth noting that the euro has almost reached its highest level against the dollar in the last three years. With all of that in mind, we leave you to decide on your investment target, but at the moment, things seem to be on the rise on all major markets. 

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Author: Max Rothstein

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