ETH 2.0 May Be More Important Than Bitcoin Halving

ETH 2.0 May Be More Important Than Bitcoin Halving

By World Crypto | World Crypto | 23 May 2020


The crypto community had high hopes for a third bitcoin halving, which, according to some experts, was supposed to raise the price of bitcoin above $ 10,000. But this did not happen. Immediately after dividing in two, the BTC rolled back and is now trying to recover in price. Crypto enthusiasts are confident that the next major event that will affect the entire market will be the launch of the Ethereum 2.0 platform and an updated token.

New token will exceed $ 220

The launch of the second-generation Ethereum platform will actually lead to the fact that the throughput of the blockchain will increase tenfold and will be able to skip thousands of transactions per second. In addition, the corporation is considering introducing the Proof-of-Stake protocol, which will allow tokens to participate in the staking program and allow holders to make money on altcoin.

Let me remind you that earlier, representatives of cryptocurrency companies created the POSA association, the work of which will be aimed at negotiations with the US Securities Commission (SEC). In particular, POSA representatives want to convince officials that coins running on the PoS algorithm are not securities, as the SEC claims, but should be considered as goods.

549c377335d452bc07cd1e47d20f101c91ab8f94a816aab5b83901095699e74e.jpeg

Messari analyst Ryan Watkins believes that the launch of ETH 2.0 will be a more significant event than the bitcoin halving. He argued his position quite simply: the BTC halving was pre-programmed and became a predictable event. But the finalization and launch of the ETH 2.0 platform can undergo many more changes until it finally works.

The fact that the developers themselves do not know what the new platform will become, introduces intrigue to the market and increases interest in the event. As mentioned earlier, it is hype and increasing public attention to a particular coin that stimulates its price. Since interest in halving this year was lower than in previous years, the event was almost imperceptible, and Bitcoin itself even lost in value, which disappointed most of the community. Whether the ETH 2.0 platform will become significant for the market is not yet clear. But one thing is clear that interest in it is already flaring up.

Are cryptocurrencies really valuable?

While the community is discussing possible changes in the market related to the launch of the ETH 2.0 platform, Ethereum co-founder Vitalik Buterin does not see much value in cryptocurrencies. Responding to a request from Joan Rowling about what bitcoin is and what is its value, Vitalik Buterin said that the value of cryptocurrencies is not confirmed by anything, and for users it is a collectible tool.

This statement caused a stormy reaction among users who believe that the future of the global economy is in the cryptocurrency. Twitter readers instantly commented on what Buterin wrote and reproached him for the fact that the value of ETH does not rise due to its creators who do not believe in the strength and value of crypto assets. Buterin himself did not react to this situation.

 

 



World Crypto
World Crypto

Analytics, regulation, latest news and not only in the world of cryptocurrencies!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.