5 ways the price for Ethereum in the amount could shoot
In times of crisis, companies and projects that have the greatest ability to adapt to, often the best chances of Survival. In this report, we examine how Ethereum drives in the face of a slowing world economy, continued innovation.
Smart contracts can help the global economy to remain in motion
The intelligent Contracting system, Ethereum makes it possible to arrange legal contracts, enforce and change by the Blockchain of Ethereum, a potentially invaluable feature is used, if this lock is in the foreseeable future, and the world economy remains in motion.
Since the contracts are fulfilled by automated processes, can work the business as normally as possible.
This will be important for agreements that relate to periods on specified payment, to the legal conditions that have taken their course, and on the ability to authenticate documents without a personal legal Review.
In addition, the parties to an agreement to pause your contracts so that you can not do without the involvement of lawyers may be available, while the Rest is locked away from us.
The implementation of the U.S. stimulus package
eThaler, a project that builds on the Ethereum block Chain, this week from the U.S.-legislators in connection with the economic program discussed, the figures of each American adult $ 1,200.
The idea is to allow the Federal Reserve to distribute the “digital Dollars” directly to American workers, enormous sums of money can be saved by reducing administrative costs – and the physical contact of postal workers is minimized.
The messages, however, are polarizing. On the one hand, the fact that the US speaks to legislators by the use of a Blockchain, and the Federal Reserve mentioned in the same sentence is an important Moment for crypto-currency projects, as this means that the technology is now being seriously considered as a means of distribution of money in account.
Currently, however, planned to use the Central banks for the distribution of digital Dollars. Crypto-supporters will argue that the decentralized block chains, the need to involve a Bank at all is given.
Decentralized Exchange
As a further exciting development, Ethereum is planning the introduction of a decentralized exchange (DEX) to enable a trustworthy exchange between Bitcoin and Ethereum.
Centralized exchanges are, for the cryptography to be problematic; they give Power in fewer hands and are still the best place for traders to find a reliable liquidity.
Vitalik Buterin the founder of Ethereum, said: “It is embarrassing that we can’t still move readily between the two largest crypto-Ecosystems to be trustworthy.
We should put resources toward a proper (trustless, serverless, maximally Uniswap-like UX) ETH <-> BTC decentralized exchange. It’s embarrassing that we still can’t easily move between the two largest crypto ecosystems trustlessly.
— vitalik.eth (@VitalikButerin) March 24, 2020
Suffice it to say that the Blockchain of Ethereum has already proved that it is able to accommodate an exchange, such as this week with the announcement of the Uniswap, it was shown that brings you, your V2 on the market, a DEX that has been proven that the liquidity problem can be solved.
The developer activity of Ethereum is much higher than other crypto-currencies
The supporters of Ethereum are confident that the ETH is coming to the slowdown of the Virus from the above graphic from GitHub – the Open Source development Tracker, which is used in crypto-currency projects development coordination-back in the groove.
The purple line shows the activities for development of Ethereum in the last year. As you can see, the developer activity is much higher than other crypto-currencies – which shows that the project has been driven to a greater extent than other and refined.
For the second largest crypto-currency is also of importance that the recent outbreak of Covid-19 had no significant decline in developer activity – a proof that the Team is resilient, adapt to new situations.
Audit of Ethereum 2.0 points to new areas of development
In spite of the outbreak and his team, working remotely, working Ethereum still hard on the second Iteration of the Protocol: Ethereum 2.0.
Recent developments the completion of an audit of the Least Authority, a security consultant who specializes in crypto-currency projects.
In the examination of some of the security were alleged problems in connection with the block system and the P2P Messaging System established.
The development team has vowed the feedback to improve the stability of the Protocol, as in this Tweet of the 2.0-researcher Danny Ryan will be shown:
Thank you! It was a pleasure to work with @least authority on this 🙂
Now time for multi-client testnets and our Phase 0 bug bounty program. More details very soon https://t.co/ng9wHqTE0V
— Danny Ryan (@Danny Ryan) March 24, 2020
Audits such as this are important for developers and show good maturity in development processes; good Feedback from third parties can be crucial for Troubleshooting problems.
The audit also pointed to some positive elements of the forthcoming Upgrades, and found the specifications to be “very well thought out and comprehensive”. This underlines the fact that Ethereum will soon be the first proof of stake Protocol, the Sharding use – a process that allows the database to be downloaded in smaller pieces to break down.
In summary, we can say that the Coronavirus has affected many companies in a variety of ways, but Ethereum seems to control the rate and on the other side more to get out.
