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https://www.newsbtc.com/?s=Ethereum%20Developers%20Forge%20On%20Despite%20ETH%20Price%20Slump%20FUD
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Crypto tags:
#EthereumNews #CryptoNews
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Transcript:
0:00:00 Ethereum Developers Forge On Despite ETH Price Slump FUD
0:00:04 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.
0:00:10 When a crypto asset fails to perform in terms of price it rapidly gets a big dose of chagrin from mainstream media and those that have lost money trading it.
0:00:19 Ethereum is currently the prime example as investors begin to sour despite ongoing developments to the technology.
0:00:26 A major part of the crypto angst directed at Ethereum stems from the delays in solving the scalability issues that have plagued the project as its user base has grown.
0:00:34 In its current state the network is ill equipped to handle the load it is expected to in order to fulfill its destiny as a ‘global computer’.
0:00:42 Granted, there have been setbacks to Ethereum’s mammoth scaling project which is expected to get off the ground within the next couple of months and continue rolling out into 2020. Compared to its rivals, EOS which has been plagued with centralization concerns, and Cardano which has failed to materialize at all, ETH is still fundamentally strong.
0:01:00 Community leader and Ethhub developer Anthony Sassano is still bullish.
0:01:05 Others have added that the developments will also be bullish for price as a lot of ETH will be locked up for phase 0 which will have the effect of lowering the token supply.
0:01:14 Demand for ETH as a staking token will also have a positive effect on price as the current consensus model clearly has limitations.
0:01:21 Investors and traders usually only pay attention to price and not all are happy with Ethereum’s recent performance on that front.
0:01:29 The fact that every altcoin has been battered as Bitcoin dominance surged to a two year high has been lost on some.
0:01:35 Thanks for watching this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.
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