wry Posted August 27, 2018 #1 Posted August 27, 2018 Since Stake accepts it I know at least a few of you are interested in Ethereum. Sadly, there are some impending issues with ETH and the honchos that are the major stakeholders can't seem to figure out a way forward. You can read about it: https://www.coindesk.com/ethereum-call-leaves-pressing-questions-open-ahead-of-october-upgrade/ The main issue seems to be how much ETH to issue (why I was never too into it, at first it had no limit ever) and how that ETH should be generated, by proof of work or something else. Now that ASICs are out there the stakes are pretty high. Forcing the issue, there's a "difficulty bomb" that will make the current mining system much less valuable at the start of next year. Anyway, if you like train wrecks this may be interesting to watch as the #2 crypto tries to get its act together.
AquaViki Posted August 29, 2018 #2 Posted August 29, 2018 I believe ETH was going to opt for a POS consensus mechanism.
wry Posted August 29, 2018 Author #3 Posted August 29, 2018 6 minutes ago, AquaViki said: I believe ETH was going to opt for a POS consensus mechanism. Exactly, that had been sated for awhile, but the timeline was never clear or specified. Meanwhile lots of miners have invested in ASICs for ETH and not happy about the change. The "difficulty bomb" in the code, was designed to compel something, but they can't figure out what to do now. Sort of a mess and I can see why the coin is losing some excitement. Of course, it's still the platform for a huge number of tokens, so it's not like it is going away.
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