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Ethereum Will Be Quantum Resistant In Three-To-Five-Year Time, Says Danny Ryan

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Finder sat down in an interview with Danny Ryan – the developer of Casper, an upcoming protocol that is set to integrate PoS into Ethereum’s blockchain that will eventually lead to the creation of Ethereum 2.0.

Ryan told Finder that plans to make the Ethereum’s structure quantum resistant were underway. However, he said this may take up to five years.

“One of our design goals in Ethereum 2.0 is to at least have a credible path to being quantum resistant in the three-to-five-year time horizon.”

Ryan remained confident that Ethereum 2.0, which is Ethereum’s final upgrade, will go live by the end of this year, or early next year.

“Phase zero, which is the core, system level, proof-of-stake chain – I’m aiming for this year. There are a lot of things that are not quite in my hands with respect to the client development, so definitely end of this year, early next year.”

He was speaking to Finder during the Annual Ethereum Development Conference (EDCON) in Sydney, Australia. He explained how developers are working on the implementation of zk-SNARKS to ensure the Ethereum platform is not only quantum resistant but also private.

The threat of quantum resistant

Quantum computing is expected to usher in a new error of computer processing that is a million times more powerful than the computing systems we rely on today. According to industry experts, quantum computers could break the cryptography that secures traditional blockchains. When this happens in 2030 or 2040, blockchain projects and virtual money custodians may face a great deal of threat.

In another interview, the manager of the security and privacy group at IBM, Michael Osborne, also gave his two cents on the potential of quantum. He stated:

“You could increase key sizes. Use larger key sizes or move from elliptic curve to RSA cryptography, you could delay the point of which there will be a quantum threat. But they’re temporary solutions. The best solution essentially would be to start looking at these quantum resistant algorithms.”

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Ethereum

Ethereum price analysis: ETH/USD bulls struggle at $228 – resistance level

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  • ETH/USD is currently trading around $222 in the early hours of Saturday.
  • The SMA 50 curve has crossed over the SMA 20 curve.

ETH/USD had a bearish Friday, wherein the price fell from $226.40 to $221.60. In the early hours of Saturday, the price has gone up slightly to $22. The hourly chart shows us that there are two intra-day resistances at $226 and $224.50. After finding support at $216.35, the price was able to get up steadily to $222.

ETH/USD daily chart

fxsoriginal

The price has re-entered the 20-day Bollinger band after the bulls stepped back in to correct ETH/USD. The 50-day simple moving average (SMA 50) has crossed over the SMA 20 curve, which is a bearish signal. The relative strength index (RSI) indicator is trending around 39.50, right next to the oversold zone. The Elliot oscillator has had two bullish sessions after nine straight bearish sessions. The moving average convergence/divergence (MACD) indicator shows sustained bearish momentum.

source:.fxstreet

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Ethereum

Ethereum (ETH) Bulls Slow Down, Ceiling At $230

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  • Ethereum (ETH) is down 18.2 percent
  • Set Labs launching an ETH trading robot

As a reputable smart contracting platform striving to improve, it’s token, ETH, is technically bullish. Regardless, with dropping BTC prices exacerbated by their direct correlation, the former could drag ETH prices lower. Even so, that is not stopping Set Labs from launching a trading bot.

Ethereum Price Analysis

Fundamentals

Blockchain is an emerging, multifaceted sub-sector. As a conflation of different fields, it is both inspiring and exciting meaning related startups will almost always attract capital. Of the many platforms promising high throughput and scalability, Ethereum remains a top choice for good reasons.

Like Bitcoin, Ethereum was the first platform in the smart contracting arena. Listed in different exchanges, ETH is desirable. Even though there are bumps in the short-term as developers negotiate their way around building a scalable network, the future is irrefutably bright. Case in point the different enhancement through code changes drawings carcity and hard forks that promise to cement Ethereum in its rightful place.

Perhaps in preparation for the future, Set Labs, an investment platform in San Francisco is launching a cryptocurrency trading robot that will take advantage of volatility to benefit investors. The robot, “Trend Trading ETH 20 Day Simple Moving Average Crossover Set” will be a momentum-based bot and back tested.

According to creators, the robot will only make traders “whenever the current price of ETH crosses the 20 Day Simple Moving Average indicator.”

Candlestick Arrangement

Ethereum ETH

Down 18.2 percent in the last week, ETH is bearish. Because of this, the recent pullback is but another opportunity for savvy traders to unload ETH at better prices. Despite the attractive and supportive fundamental opportunities, the path of least resistance as per candlestick arrangement is southwards.

Visible, ETH is trading within a bear break out pattern following steep losses of early July. Therefore, according to breakout rules, every retracement towards previous support-at $230, is but a selling opportunity.

The first target will be $190 and later $150 depending on the accompanying momentum. On the other hand, if prices surge past $230 and the previous support, now resistance, trend line, that as well could be the foundation for $365 invalidating this trade plan’s projection.

Technical Indicators

From above, whether buyers flourish is heavily reliant on the level of participation. If trading volumes spike, exceeding 554k of June 26 subsequently lifting prices above June high then bulls of May will be in control. However, suppose prices tumble with equally high trading volumes then ETH could end up sliding to $150 or $100 in coming weeks.

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Ethereum

Ethereum (ETH) Bulls Slow Down, Ceiling At $230

Published

on

  • Ethereum (ETH) is down 18.2 percent
  • Set Labs launching an ETH trading robot

As a reputable smart contracting platform striving to improve, it’s token, ETH, is technically bullish. Regardless, with dropping BTC prices exacerbated by their direct correlation, the former could drag ETH prices lower. Even so, that is not stopping Set Labs from launching a trading bot.

Ethereum Price Analysis

Fundamentals

Blockchain is an emerging, multifaceted sub-sector. As a conflation of different fields, it is both inspiring and exciting meaning related startups will almost always attract capital. Of the many platforms promising high throughput and scalability, Ethereum remains a top choice for good reasons.

Like Bitcoin, Ethereum was the first platform in the smart contracting arena. Listed in different exchanges, ETH is desirable. Even though there are bumps in the short-term as developers negotiate their way around building a scalable network, the future is irrefutably bright. Case in point the different enhancement through code changes drawing scarcity and hard forks that promise to cement Ethereum in its rightful place.

Perhaps in preparation for the future, Set Labs, an investment platform in San Francisco is launching a cryptocurrency trading robot that will take advantage of volatility to benefit investors. The robot, “Trend Trading ETH 20 Day Simple Moving Average Crossover Set” will be a momentum-based bot and back tested.

According to creators, the robot will only make traders “whenever the current price of ETH crosses the 20 Day Simple Moving Average indicator.”

Candlestick Arrangement

Ethereum ETH

Down 18.2 percent in the last week, ETH is bearish. Because of this, the recent pullback is but another opportunity for savvy traders to unload ETH at better prices. Despite the attractive and supportive fundamental opportunities, the path of least resistance as per candlestick arrangement is southwards.

Visible, ETH is trading within a bear break out pattern following steep losses of early July. Therefore, according to breakout rules, every retracement towards previous support-at $230, is but a selling opportunity.

The first target will be $190 and later $150 depending on the accompanying momentum. On the other hand, if prices surge past $230 and the previous support, now resistance, trend line, that as well could be the foundation for $365 invalidating this trade plan’s projection.

Technical Indicators

From above, whether buyers flourish is heavily reliant on the level of participation. If trading volumes spike, exceeding 554k of June 26 subsequently lifting prices above June high then bulls of May will be in control. However, suppose prices tumble with equally high trading volumes then ETH could end up sliding to $150 or $100 in coming weeks.

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