#Ethereum Why Ethereum has no future Published 3 months ago on January 22, 2019 By Joyce Lang Share Tweet During its starting days, Ethereum used to be one of the most popular platforms in crypto space. It has a huge number of users and was on peek in the related field. However, technology evolved with time, new alternative projects in the crypto space emerged with more features. The competition began between several similar projects. Since the features of Ethereum were not up to the latest expectation and imaginations in the blockchain technology, people started moving away from this platform. There are various limitations of this platform which lead us to predict that Ethereum has no future at all. Let us have a glance at the factors which enable us to think of a dark future for Ethereum. 1. The old-fashioned concept of Ethereum Gas: In the Ethereum platform, when you initiate to buy order in perspective of the coin, you have to pay a transaction amount for the same. But the main reason is, this transaction fee is paid in Ethereum gas. Not only this fee, but the selection of transaction by the miner is also done on the basis of the gas price. You can’t pay this transaction fee along with the transaction. This is a major drawback of this platform. This process enhances a kind of dependency on the gas which may lead to conflict in the network of Ethereum. These kind of features are troublesome and lead to think of other alternatives to this platform. 2. The poor speed of transaction: Scalability has been a major concern for the crypto space for a long time. While some of the organizations have fastened their speed of transactions. While in the case of Ethereum, the no of transactions per unit time is not so good. It is not as efficient seen as other faster alternatives. Why would someone use a platform with such slow scalability if the other options have a high speed of transactions? Many trades have suffered from this disadvantage and there does not seem any improvisation in the same by Ehereum leading the traders to think of its depletion from the crypto space in future. 3. The transition from POW to POS: Ethereum is undergoing a transition from the existing consensus protocol known as proof of work (POW) to a complete new consensus protocol known as proof of stake (POS). However, some severe issues in the architecture can be caused if this change does not go smoothly. Eventually, this may lead to cause a crash of the system. And crashing in an intermediate state could lead to the security breach, loss of coins and lead to vulnerabilities to the network which any investor would never wish to. Also, some traders predict that proof of stake (POS) is a destructive algorithm for crypto space, so, even if the transition goes smoothly, there is no guarantee that using POS would lead Ethereum to be at the same level of facilities as provided by its alternatives. 4. Lack of proper documentation: When it comes to the worst quality of documentation, no other platform can beat Ethereum. It has the worst documentation among all other alternatives. Good quality of documentation helps the users to become developers. The available content on the website is outdated and not helpful at all. They don’t even match the basics requirements for development. The absence of proper documentation stops developers to enhance new technological skills to the Ethereum. 5. No option for offline transactions: Ethereum is a completely online supported platform. You require internet for using this platform. If you wouldn’t have access to the internet, eventually, you wouldn’t have access to Ethereum. While, there are alternatives who can run offline also, why people will use only online mode supported platform. 6. The high cost of writing data on storage: The cost of writing data on storage on this platform is very high which is not preferable not all. Although, any amount of data can be stored on the blockchain, due to the high cost of writing, storing process is not feasible for a very large data. However, there are alternatives available which sort out this limitation of this platform. In the world completely surrounded with large data, if there are possible options which allow writing data on a relatively low cost, obviously people will tend towards the cheaper options. Since Ethereum has no plan to reduce this cost, the future of this platform could not be said secure. 7. High Emerging Competition: Continuously, the competition is increasing in the market. The competitors are growing and noticing the limitation of current existing platforms at the micro level. They are using the latest technologies and most importantly, learning from the flaws that are still in the market and are reported to be improved by the users. They are using these shortcomings to boost their features and are coming with the products that are relatively better in term of performance, cost as well as security. Now, if Ethereum’s drawbacks and new features will be present in new alternatives, the platform will lose its audience and hence the future of Ethereum seems to be diminished and on the verge of extinction. Ethereum ruled the crypto space for a very long time. But it is facing a huge competition and severe issue in the present time. It has already lost a huge section of its users to other available alternatives in the same domain. If the platform doesn’t come with a quick and efficient solution to these issues, the days are not far when a sentence like ‘Ethereum was once used to be a platform in crypto space’ will be addressed. Surely, as per the current scenario, the future of Ethereum looks diminishing day by day. Related Topics:BlockchaindaytradingethETH analysiseth exchangeETH exchange rateeth forecasteth futureETH predictionETH priceeth price analysisETH TO USDETH TRADEETH TRADINGETH USD ChartETH/USDEthereumEthereum AnalysisEthereum Blockchainethereum chartETHEREUM FORECASTETHEREUM FUTUREETHEREUM PREDICTIONethereum priceethereum price 2018Ethereum Price analysisethereum price todayethereum to bitcoinethereum to BTCethereum to dollarethereum to usdethereum tradeethereum tradingETHUSD Up Next Bitcoin Maximalists: Leading towards a hazardous path. Don't Miss Kevin Connolly’s Cryptos TV show: The Good and the Bad Continue Reading Advertisement You may like Forbes releases top 50 blockchain companies list Token Taxonomy Initiative: Enterprise Ethereum Alliance & Microsoft Donald Trump policies push Mexico to Bitcoin Delist Bitcoin SV movement continues: Kraken, Bitforex onboard John Mcafee publically challenges Calvin Ayre: Files $800M Lawsuit BTC to USD: Bitcoin Price Analysis, Bulls vs Bears 1 Comment 1 Comment Pingback: Alert: Polkadot Blockchain: A threat to Ethereum? | Bitcoin Daily Leave a Reply Cancel reply Your e-mail address will not be published. Required fields are marked *Comment Name * Email * Website #Ethereum Token Taxonomy Initiative: Enterprise Ethereum Alliance & Microsoft Published 10 hours ago on April 19, 2019 By Ruchi Ramaswamy The Enterprise Ethereum alliance and Microsoft have brought together the major enterprise blockchain providers behind a new project aimed at helping businesses develop the proper crypto tokens for their particular needs. Token Taxonomy Initiative It is being called the Token Taxonomy Initiative and is being built as a technology-neutral initiative which will operate across different blockchains currently having Ethereum, Hyperledger, and Corda, the biggest enterprise blockchain solutions and this initiative already include large partners IBM, ING, JP Morgan, Intel, and Microsoft, all with the aim of creating token standards for business users across all network. The process for the development of enterprises which is basically going to be as simple as a drag and drop approach. This initiative is a big leap for particularly in terms of actually kicking open the doors for enterprises to enter the space and say that it is quite easy to use this technology. Continue Reading #Ethereum Analysis: Will Ethereum Rise in 2019? Published 4 weeks ago on March 23, 2019 By Ruchi Ramaswamy Bitcoin and Ethereum have been leading the cryptocurrency market for quite some time. While bitcoin blockchain’s main motive is to track the transactions, Ethereum’s main motive is to run the codes of DEX or decentralized apps. While most people feel that bitcoin will always lead the cryptocurrency market, some believe the cryptocurrencies such as Ethereum might overtake bitcoin in the future. Currently, a group of companies known as Enterprise Ethereum Alliance supports the Ethereum blockchain who are working hard to improve the overall functionality of the blockchain. Can Ethereum rise in 2019? While Bitcoin is a store of value and most people use bitcoin as a form of investment, Ethereum is mostly used by software companies for development of their own dapps. Ethereum saw a tremendous rise in price as well as in market capitalization during the ICO era which might have ended last year. In 2017, there was a boom in the overall ICO market and most Initial Coin Offerings collected their investments in the form of Ethereum. This had led to a massive demand for ETH as investors had to purchase ETH first in order to invest in other initial coin offerings. Ethereum Price Chart The price of Ethereum reached more than $1400 at the start of 2018 and people started to feel that Ethereum might even overtake bitcoin soon. However, as months passed in the year 2018, both the price and the market capitalization of ETH experienced a massive mall which might be related to the end of ICO era. Cryptocurrency analysts also believe that the massive selling of Ethereum by Initial Coin Offerings who had been storing them as investments was the main reason for the fall in the price of ETH. Thousands of ICOs started selling their ETH holdings when they saw a bear market coming upfront. Why ETH might never rise again: There is a great possibility that the price of Ethereum might never rise again, At least not to the figures it earlier achieved. One of the reasons for this is the rising popularity of other blockchain platforms such as TRON who are direct competitors to ETH and some are even performing a lot better than Ethereum. The overall development of ETH blockchain seems to be quite slow and thus people have started to adopt other blockchains which are more suitable for their products and perform better than the Ethereum blockchain. Another big reason why Ethereum might not rise again is the end of the ICO era. The number of initial coin offerings has seen a tremendous decrease last year and even lower this year. Also, the interest of investors has shifted from Initial Coin Offerings now as they do not see a safe and profitable future in investing in ICOs. As one of the major reasons for the rise of ETH was the ICO market and now with the end of the ICO era, Ethereum might never see those robust bulls again. The following article is not financial advice. Readers are requested to do their own research and analysis before making any investment decisions in the cryptocurrency market which is highly volatile. What do you feel about the future of Ethereum? Tell us in the comments section below. Continue Reading #Ethereum Ethereum is not a Security: SEC Chairman confirms Commission Staff Analysis Published 1 month ago on March 12, 2019 By Layla Harding Jay Clayton, the Chairman of the SEC and an American attorney gave confirmation on the Commission Staff’s Analysis that said that cryptocurrencies such as Ethereum are not securities. Ethereum like tokens are not securities: The SEC chairman has responded to a letter signed which was signed by Tedd Budd and several other colleagues after asking that whether the policy that would put forward last year by William Hinman, the director of the Divison of Corporate Finance should be regarded as the policy of the SEC or just a judgment of the Securities and Exchange Commission’s staff. Jay Clayton responded to the letter by stating that he agrees to the statements of William Hinman that was made during the June 2018 speech that concern the digital tokens or cryptocurrencies. He said that he agrees that if a digital token is offered as security is not fixed (static). It might be offered first as security as it might meet the definition of an instrument contract, however, the position might change over time if the digital token is offered in a manner that does not represent that definition anymore. He agreed with William Hinman’s clarification about how the digital token might not represent the definition of an instrument contract. The response letter by SEC Chairman Jay Clayton: Continue Reading Advertisement Advertisement Latest Crypto News #Blockchain6 hours ago Forbes releases top 50 blockchain companies list #Ethereum10 hours ago Token Taxonomy Initiative: Enterprise Ethereum Alliance & Microsoft #Lending1 day ago New assets management dimension: VIP services for big crypto investors #Exchange1 day ago Japan to establish new regulations for cold wallets of crypto exchanges #Bitcoin2 days ago Donald Trump policies push Mexico to Bitcoin #Breaking News2 days ago Delist Bitcoin SV movement continues: Kraken, Bitforex onboard #Breaking News3 days ago John Mcafee publically challenges Calvin Ayre: Files $800M Lawsuit #Bitcoin SV4 days ago Bitcoin SV: Kraken also going to delist BSV? #Bitcoin SV4 days ago Bitcoin SV to be Delisted from Binance: BSV Crashes Hard #Bitcoin Price Analysis4 days ago BTC to USD: Bitcoin Price Analysis, Bulls vs Bears #Ethereum Price Analysis4 days ago ETH to USD: Ethereum Price Analysis, Turning Bullish? #Bitcoin SV5 days ago Bitcoin SV Miners facing huge losses since Hard Fork: Bitmex #Technology5 days ago Business Name Generator: BrandThugs uses AI technology to generate the perfect name for your crypto startup #Bitcoin SV6 days ago Anthony Pompliano: Every exchange should delist Bitcoin SV on 1st May #Bitcoin Cash1 week ago A new logo for Bitcoin Cash? BCH supporters show anger.