Following a report by the crypto trading firm Cumberland Research, it seems that the market is too focused on Ethereum’s Constantinople and Serenity hard forks which throw a massive shadow over more important upgrades. Let’s see what exactly the report means in the ethereum news below.
The Constantinople hard fork is an ETH network update which separates Ethereum improvement proposals in order to make a clear path for Ethereum 2.0 which is considered the system’s final upgrade. Ethereum 2.0 will switch the current ETH network proof-of-work consensus algorithm to proof-of-stake algorithm.
According to the researchers, the mainnet improvement roadmap that is supposed to happen on June 1 this year, should be enough to solve all of the concerns. The ETH 1.x proposal should eliminate the major risk factors such as smart contract usability. Although is still in its pre-phase, the researchers believe that the proposal is undervalued and that represents bigger importance in term of the medium-term price outlook for Ethereum rather than Constantinople.
Ethereum has already launched its first release for phase-zero of the network’s slow transition to Ethereum 2.0 which makes the first step in a series of weekly releases and the current zero phases is feature complete and is approaching stable. Along with the 2.0 first pre-release, the testnet Gorli will serve as a trial key sharding client for Serenity.
The core developers at Ethereum, found a security vulnerability in the Constantinople hard fork that allows hackers to steal cryptocurrency from a smart contract by repeatedly requesting funds while feeding false data to the actor’s actual ETH balance.
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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