The next period is key to Ethereum

Ethereum is a cryptovalue and blockchain platform where decentralized applications can be built. At the time of writing this text the price of ether is about $ 670 and when it comes to market capitalization, it is currently the second largest cryptovalue.

Ethereum currently uses the same algorithm as bitcoin (PoW - proof of work) proof of work. while in the forthcoming period Casper expects a transition to a PoS (Proof of the stake) or proof of the role. This is precisely one of the key moments for Ethereum and successful implementation of the new algorithm could, as far as the price of ether is concerned, "launches" far from the present. When it comes to the PoS algorithm, there will be no need for mining anymore, but the transactions will confirm the role and the current "production", which is limited to 18 million ether per year, will be significantly reduced, leading to a moment when ethereal is more difficult to reach possession than so far.

Apart from this, there is still no less important solution to the problem and this is the problem of speeding up transactions in the network. The founder of Ethereum Vitalik Buterin has stated that in the next two years he hopes that the network will reach the number of transactions Visa now has.

Strategic partnerships that could have concluded Ethereum's finest names in the fin-tech world, Microsoft, BP, JP Morgan, ING, Intel, Credit Suisse, Santander are the names that are mentioned, which is certainly a good signal.

On the other hand, there are also a number of items that may be an obstacle to this platform. The moment mentioned (switching PoW to Pos) if it is not successful can have fatal consequences or significantly disprove the growth of ethereum. If we look at the past and the problem they had when it came to "hard fever" and when Ethereum classic came into being, it shows us caution. Also, ethereum is currently running two Geth and Parity programs that work in different languages ​​that maintain the mutual correspondence of the unique blockchain. Contingency may occur until the breakdown of their correspondence and this will again lead to a new force that can also negatively affect the price. In addition to the mentioned Ethereum classic, there are also the NEO, Stratis, Waves ...

All in all, it can be concluded that the next period is key to Ethereum and that Buterin is very careful when talking about the Casper project or even providing us with complete information. Obviously he took the lesson from the fork and wants the next preparation in the best possible way. Even if this is a good time for the owners of this cryptovalue.