Crypto Analyst Believes That Ethereum’s Constant Modifications Shows That It’s Unfinished
The Ethereum network is one of the largest crypto networks globally, second to only Bitcoin. The altcoin continues to grow in immense popularity, especially since it reached the $1,000 range early last month, and since then, it has kept recording new highs. Many investors voiced their satisfaction with the asset because it performed impressively even when most assets faced price crashes in January.
Some even revealed that ETH could attract institutional buyers this year even though no concrete fact follows that assertion. The Ethereum network released its latest phase in early December, leading to more investments and popularity for the altcoin. While many people recognized the asset’s impressiveness, some crypto analysts beamed that Ethereum is an unfinished product.
Constant modifications show that Ethereum is unfinished
Ethereum has had some changes in the past while revealing that more changes would occur when the network finally releases its newer phases. The asset’s frequent modifications have resulted in experts believing that the makers did not finish building the platform. Lyn Alden, a crypto expert, explained her thoughts concerning the Ethereum network.
She said that although she doesn’t discourage having it as an investment, she doesn’t see it being better than the other cryptos, mainly because the creators did not finish its base layer. She said the network supports a cycle of exchanging, altcoin gamification, and others.
The ETH 2.0, which the creators are working on, had its first phase around December, which the crypto community greatly anticipated. The network informed users that the ETH 1.0 faced’s scalability issues necessitated the group’s decision to introduce several phases at intervals to move into a better network fully.
The makers assured that the changes would lead to a better user experience and resolve some other problems people face regarding the issue. Alden also criticized the platform’s risk-to-reward network. She established that constant protocol change doesn’t allow it to accommodate a risk-to-reward network.
Lyn Alden analyzes various Ethereum modifications
The analyst mentioned some changes Ethereum made or is planning to make on its network. She pointed out the ETH 2.0 change from its former Ethereum 1.0 network. Alden also revealed that the digital asset provider would change the asset to a fully operational proof-of-stake, a major modification from its previous proof-of-work.
The analyst said that the operators want to change their monetary policy, and the platform has numerous scaling mechanism. There might be many others who agree with Alden’s assertion, stopping them from entirely committing to the digital asset.
Even with her analysis, reports show that ETH’s network consistently performs impressively, while others believe that it outperforms Bitcoin’s in recent times. The firm’s reason for the constant modification is to give investors an optimum user experience and grow with new trends.
The network processes 15 transactions in a second, which is twice as much as Bitcoin’s network. The new phase would streamline processes, with thousands of transactions processed with a second. One day, the asset might overtake Bitcoin’s position as the world’s largest cryptocurrency with a better experience on the network.
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