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Ethereum (ETH) 2.0 Potential Growth Explained by Vitalik Buterin

News
Tue, 05/26/2020 - 13:51
Vladislav Sopov
Ethereum (ETH) co-founder Vitalik Buterin explains whether the ongoing expansion of the Ethereum (ETH) 2.0 ecosystem can be attributed to self-isolation of devs
Ethereum (ETH) 2.0 Potential Growth Explained by Vitalik Buterin
Cover image via vk.com
Contents

Software engineer and Ethereum (ETH) contributor Benjamin Di Francesco asked if anyone shares his belief that self-isolation has been a catalyst for ETH2's accelerated growth. Vitalik Buterin has cleared things up.

Unseen work

Vitalik highlighted that the recent boost in Ethereum (ETH) 2.0 progress towards the mainnet is a result of years of work outside of the public view.

For many months, this progress had only amounted to blog posts and specification releases.

The father of Ethereum (ETH) added that a significant portion of work will be forever hidden since 'for every big story already out there, there are five more lurking beneath the surface'.

Also, Vitalik emphasized the role of the decentralized Ethereum (ETH) community in ETH2 development:

Do not underestimate the Ethereum ecosystem.

ETH2 is gathering momentum

The first months of 2020 were extremely fruitful for the Ethereum (ETH) 2.0 development team in terms of vocal releases. Four blockchain engineering studios, including Prysmatic Labs, PegaSys, Sigma Prime and Nimbus, released their testnet environments for validators.

As a result, the first stable multi-client testnet Schlesi is open for validating. Despite its recent fork, it is considered a crucial milestone leading up to the mainnet.

Date of Ethereum (ETH) 2.0 roll-out still remains unclear. It appears that the idea of launching it on the fifth anniversary of the Ethereum (ETH) 1.0 mainnet on July 30, 2020, is now a pipedream.

However, major experts, including ConsenSys' former Head of Global Business Development, Andrew Keys, believe it will be rolled out by the end of 2020.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)