What could drive Ethereum’s advancement? | Current State of Ethereum in 2018

profitgenerator (68)in #ethereum • 6 years ago

What could drive Ethereum’s advancement?

Use cases.

Ethereum’s supporters have pointed to its many powerful real-world use cases as factors that could drift growth. The platform allows developers to build and deploy dapps across a diverse range of industries, embrace everything from shipping and supply line to token systems, banking, line stowage and reputation systems.

Dapps.

There is already a ample number of dapps that have been built and deployed on the Ethereum network. These include worldwide supercomputer Golem, prediction markets tool Augur, exchange and payment platform OmiseGo and decentralized cloud plat Storj. The success (or otherwise) of such dapps will be an important factor determining ETH’s price, as will the creation of new applications on the platform. Not only can they add to the credibility of the Ethereum platform, but there’s also the circumstance that creating and deploying dapps requires the purchasing of ETH.

ICO popularity.

The Ethereum platform is a popular choice for startups entry ICOs, many of which allow users to acquisition new tokens using ETH, potentially incremental demand for ETH.

Accessibility.

Ethereum is the world’s second-most traded digital currency and is gracefully available on a wide range of crypto change. This occasion it slight for investors to access and increases Ethereum’s credibility in the eyes of those without the crypto community.Casper and other upgrades. At some showy in 2018 or 2019, Ethereum will shift from a proof-of-work to a proof-of-stake model under the Casper upgrade. It will also implement other solutions designed to constitute the network more scalable, such as “sharding” (explained further down this page). If these upgrades achieve the long for issue, this could help Ethereum to continue to grow by better equipping it to handle increased affair volume.

Commercial partnerships.

The Enterprise Ethereum Alliance aspiration to interlink Fortune 500 enterprises, startups, academics and technology vendors with Ethereum subject matter experts. Its inclination of members embody a host of big names, including Microsoft, BP, JP Morgan, ING, Intel, Credit Suisse and Santander.

Supply.

There is no cap on the total supply of Ethereum, with a maximum annual issuance of 18 million ETH per year. This means ETH’s relative rate of inflation decreases every year and is designed to yet fire and reach an equilibrium. However, the yearly issuance rate following the implementation of the Casper update is expected to be much lower.What could hold Ethereum back?

Competitors.

Ethereum will air competition from an increasing number of alternative smart-contract platforms. Ethereum Classic (ETC), NEO (NEO), Stratis (STRAT), Lisk (LSK) and Waves (WAVES) are just some of the competitors you’ll need to consider when comparing platforms.Scaling issues. While Ethereum’s popularity is a commendable thing for its proponents, it has also propagate a range of problems as the podium has struggled to struggle with increased traffic. This has caused slower process times and higher processing fees, though there are plans in place to overcome these obstacles.

Smart-contract shelter concerns.

Vulnerabilities in the code of Ethereum smart contracts have led to several incidences of hacking, so security will be an ongoing concern for anyone using the platform moving forward.

Increased regulation.

Reports of threatened crackdowns on cryptocurrencies by governments around the world could potently have a privative blowy on the quotation of all digital currencies.

Dodgy ICOs.

Some critics have suggested that the pierce of unsuccessful or scammy ICOs on Ethereum could affect public notion of the platform and negatively collision its widespread adoption.