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4 Prominent Ethereum Scaling Projects for 2019

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Despite the cryptocurrency prices not looking all that great at this stage, there are still plenty of key developments to look forward to. Especially where Ethereum is concerned, there are a lot of potential upgrades and breakthroughs occurring in the coming few months and years. Both from a short-term and long-term perspective, there is a lot to look forward to.

ETH 1.X SCALING

While most of the Ethereum developers and community are working on long-term scaling solutions, it is rather evident the near-term needs to be addressed as well. Thankfully, it seems a team of developers is working on offering viable solutions over the coming weeks and months. By actively pursuing solutions to address scaling and sustainability, as well as paving the way for ETH, this initiative can make a massive impact on Ethereum. Over the past few years, there have been numerous concerns as to how Ethereum is incapable of handling its own success in many different ways.

Some of the concepts being explored include state fees and stateless clients, as well as potential sync protocol improvements. Combined with the ongoing work on Geth and Solidity, there is a lot of work going on behind the scenes. There is still a somewhat big gap between the current iteration of Ethereum and the next version. Ensuring this transition occurs as smoothly as possible will be a tough challenge, but far from an impossible task.

NIMBUS THE SHARDING CLIENT

For those who are not too familiar with how the Ethereum ecosystem works, there is a strong focus on sharding to scale Ethereum to new levels. The Status.im team is currently building a client which will provide convenient access to sharding. That solution is known as Nimbus, which currently has its own testnet to collect valuable feedback and iron out any bugs which might still be present.

What makes Nimbus so exciting is how it acts as a sharding client for resource-restricted devices. The true impact of this solution has yet to be determined, however. For now, the Nimbus-to-Nimbus testnet is up and running and can be explored by anyone who has an interest in checking out this client. For Ethereum, this is a pretty big breakthrough, assuming the project will work as expected

PRYSM – THE GO IMPLEMENTATION OF ETH 2.0 SERENITY

Numerous aspects of Ethereum will need to be modified and upgraded to accommodate these upcoming changes. That in itself may prove somewhat challenging, although the Prysmatic Labs team is making significant progress. They are currently focused on offering a new Ethereum Serenity implementation known as Prysm. Making it compatible with the ETH 2.0 code base is direly needed, although the work is not over yet at this time.

For the time being, users can participate in the Prysm testnet phase. They can opt to set up a beacon node and validator client. To activate one’s validator, a deposit of 3.2 Goerli ETH needs to be completed. This deposit will take some time to be processed, yet it should become accessible fairly soon. These validators will also be actively staking ETH, thus a user’s balance should go up over time if one’s node is configured correctly.

SIGMA PRIME’S LIGHTHOUSE

Another Ethereum-oriented project worth keeping an eye on comes in the form of Lighthouse, a solution developed by Signa Prime. Similar to all of the other main ETH 2.0 projects, there is a working testnet accessible to users already. For the project as a whole, this is a major breakthrough. A lot of work has been poured into Lighthouse over the past few months, primarily because the team wanted to launch its testnet by late March of 2019 at the latest.

As is usually the case with any testnet, there is room for further improvements. The team is looking to offer three hash caching implementations, as well as other improvements and bug fixes. Ultimately, the team hopes to achieve true interoperability with other Serenity clients, such as the ones named above. Building a multi-client testnet is no easy feat, yet achieving it will be the main objective prior to ushering in the era of ETH 2.0.

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Ethereum

Ethereum (ETH/USD) weekly forecast on June 17 — 23, 2019

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Cryptocurrency Ethereum (ETH/USD) is trading at 270. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Ethereum. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.

Ethereum (ETH/USD) weekly forecast on June 17 — 23, 2019

As part of the Ethereum course forecast, a test of level 255 is expected. Where should we expect an attempt to continue the growth of ETH/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 340. The conservative area for buying of Ethereum is located near the lower border of the Bollinger Bands indicator strip at level 235.

Ethereum (ETH/USD) weekly forecast on June 17 — 23, 2019

Cancellation of the option to continue the growth rate of Ethereum will be the breakdown of the lower border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair below area 220. This will indicate a change in the current trend in favor of a bearish for ETH/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bars, one should expect an acceleration of the fall of the cryptocurrency.

Ethereum (ETH/USD) weekly forecast on June 17 — 23, 2019implies a test of the level of 255. Further, growth continues to continue to the area above the level of 340. The conservative area for buying Ethereum is located area of 235. Cancellation of the growth option of cryptocurrency will be a breakdown of the level of 220. In this case, we can expect continuation the fall.

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Ethereum 2.0 migration is similar to a hard fork says, Blockstream’s Samson Mow

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Ethereum 2.0 project was designed to solve the scalability and consensus problems as Vitalik Buterin , the co-founder of Ethereum said. The much-anticipated rollout features revamp in terms of security, scalability, and decentralization which could not be introduced by means of a hard fork in the existing Ethereum network. According to Samson Mow, the Chief Strategy Officer of Blockstream, “migration of one chain to another, in the case of Ethereum 2.0, is similar to a hard fork”.

In the latest edition of Magical Crypto Friends, hosted by Whale Panda, a prominent figure in the crypto space, took a jibe at the network and stated that Ethereum is basically “dumping Ethereum 1 for Ethereum 2” which would require jumping from one chain to another and “starting from scratch”, and subsequently crop up issues of “potential bugs” on the network.

Responding to which, Mow said,

“You have to expect that everyone is going to give up their old Ethereum or you find a way to migrate it to the new chain. [..] you’re still expecting everyone’s going to migrate right if people don’t migrate then technically you would have the legacy chain alive “

Mow went on draw parallels to the upcoming Ethereum 2.0’s Beacon chain. According to the CSO of the Bitcoin startup firm, the Beacon chain, which is the central blockchain that is responsible for coordinating other Ethereum blockchains, is “similar to Bitcoin main chain”. He further compared the Ethereum’s “shards” to that of Bitcoin’s “side chains”. Following the comparison, Riccardo Spagni, aka Fluffy Pony ridiculed,

“so maybe the dream is to take existing stuff that someone invaded for Bitcoin, rename it, and then that’s how you make it real” Mow, who is a Bitcoin bull, had earlier singled out Ethereum and said that the blockchain has “no future”.

Source :ambcrypto

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Ethereum (ETH/USD) forecast and analysis on June 16, 2019

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Cryptocurrency Ethereum (ETH/USD) is trading at 264. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Ethereum. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.

Ethereum (ETH/USD) forecast and analysis on June 16, 2019

As part of the Ethereum course forecast, a test of level 258 is expected. Where should we expect an attempt to continue the growth of ETH/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 282. The conservative area for buying of Ethereum is located near the lower border of the Bollinger Bands indicator bands at the level of 248.

Ethereum (ETH/USD) forecast and analysis on June 16, 2019

Cancellation of the option to continue the growth rate of Ethereum will be the breakdown of the lower border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair below area 235. This will indicate a change in the current trend in favor of a bearish for ETH/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bars, one should expect an acceleration of the fall of the cryptocurrency.

Ethereum (ETH/USD) forecast and analysis on June 16, 2019 implies a test level of 258. Further growth is expected to continue to the area above the level of 282. The conservative area for buying Ethereum is located area of 248. Cancellation of the growth option of cryptocurrency will be a breakdown of the level of 235. In this case, we should expect a further fall.

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