Ethereum continues to weaken this week, down a further 32.21% against the US dollar as a mass exodus of investors, ICOs and miners crushes ETHs market demand. Ethereum shorts on the futures market have spiked significantly over the last week, too, as derivative traders forecast a continued slide to the asset’s value.
A constant reshuffling of priorities and lack of communication with the wider community in the last month has created a great deal of uncertainty over which direction the project is actually taking, leaving many investors seeking more secure assets elsewhere.
On August 31st, Core Developers were finally able to reach a consensus and commit to EIP 1234, which will delay the difficulty bomb by 12 months and reduce ETH block rewards from 3ETH to 2ETH. The new proposed version of Casper (V2), Ethereum’s new Proof-of-Stake algorithm change, has been decidedly postponed until sometime around 2019-2021 according to Mango Research. These decisions have not been unanimous and there are still many who opposed the postponement of Casper and the i...
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