Chris Wright, the self-proclaimed Satoshi Nakamoto, throws shade to Etheruem (ETH) in today’s ethereum news, calling it unable to scale or called it the blockchain for bucket shops. He made the claims in a document that was submitted to the Commodity Futures Trading Commission.
In December last year, the CFTC consulted the public regarding Etehreum in order to understand more about its technology and in the response, Craig Wright submitted a long document in which he attacked Ethereum. Wright’s document was submitted on the last day of the survey and it seemed like it was written quickly.
At the beginning of the document, Craig Wright says that he is the creator of Bitcoin and that he initially launched it to be the first cryptocurrency used for trading without the traditional back-end trading processes. He also pointed out that he created Bitcoin not to be anti-regulation.
Wright goes on to attack the entire system of Ethereum from calling it a rip-off and being unable to scale upwards:
“This network has already hit its limit and is effectively only being used to raise capital using illegal bucket shops that are designed in such a way that they can deceive nontechnical parties,” wrote Wright. “No technology released within Ethereum for the provision of computation or ICOs has been created that did not exist prior and in a more effective manner before this network was launched.”
This isn’t the first time Craig Wright attacks Ethereum but Vitalik Buterin has also attacked Wright calling him a ‘’fraud.’’
Ethereum Price Closer To $175: Is $182 The Next Milestone For ETH?
- The technical indicators are as following:
- Hourly MACD – The MACD for ETH/USD is pushing higher and gaining a bullish momentum, with a lot of positive signs.
- Hourly RSI – The RSI for ETH/USD surged above the 60 level and it is right now stabilizing near 75.
- Major Support Level is at $168
- Major Resistance Level is at $175
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Tron Has Fastest Growing DApp User Base, But Ethereum Is Still The Developers’ First Choice: Report
“The Ethereum-based games have already created a stable community with a group of loyal audience.”According to the numbers in it, the Q1 of 2019 showed that 504 DApps were added to the DApp.com list, of which more than half were Ethereum-based.
“It shows that Ethereum is still the No.1 choice for developers to build their dapp on. At the same time, we also have seen a trend in multi-chain developing, as many Ethereum dapps expand on multiple chains, such as Ethereum + EOS or Ethereum + Tron," the report sums up.The number of active DApp users on the Tron blockchain reportedly amounted to over 300,000 while on EOS it is around 260,000. The report also showed that by the end of Q1 2019, the number of Tron wallets exceeded $2.3 million and about 15.46% of them interacted with DApps. Around 85% of Tron's DApp users interacted with the apps in Q1 2019 which translates to Tron being the most active chain among the four blockchains. The report also pointed out that 95% of the EOS DApps reported a transaction in the first quarter of the current year as did over 80% of Tron and Steem (STEAM) based decentralized apps. For more of the latest cryptocurrency news, head to our homepage!
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