Ethereum experiences a revolution

Ethereum experienced a big fall. Many think that will be the doomsday, including Nouriel Roubini “Dr. Doom”, said the value of Ethereum fell unexpectedly. Because, as a cryptocurrency and decentralized application platform, it has insufficient active decentralized applications (dApps).

However, it’s a “evolution” that Ethereum has to experience.

Vitalik Buterin, the co-founder of Ethereum, has said that Sharding and Plasma in layer-two solutions may increase the trading capacity to one million times a second. This will be able to support the Internet of Things(IoT) and financial networks. The improvements to the protocol are being at exponential growth.

The Roubini’s prediction was made relying on an assumption that the development of dApps will cease due to low user adoption rate. However, a survey shows that half of the US Millennials are interested in using cryptocurrencies, whereas the Millennials’ trust on ordinary financial systems is noticeably declining. Moreover, the Line and Kakao talk have founded their own cryptocurrency exchanges to commercialize blockchain and dApps.

All data used for cryptocurrency market & feature analysis obtained from Citicoins.com

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