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Ethereum Developers Mull Releasing Casper and Sharding Together

A lot of cryptocurrency enthusiasts are looking forward to seeing how all of the major cryptocurrencies will scale. Ethereum is of special interest, and it seems its developers are looking to introduce both Casper and sharding in the same major upgrade. That would certainly get a lot of people excited, for rather obvious reasons.

The Future of Ethereum Scaling

As with most other cryptocurrencies on the market today, it is evident there need to be proper scaling solutions for Ethereum. Although this network currently processes around 1 million transactions per day, it seems things are progressing nicely. Even so, there are a lot of changes on the horizon, by the look of things, which can only be considered a good thing.

Two of the main scaling proposals for Ethereum are sharding and Casper. For those who are unaware, Casper is the upgrade by which Ethereum will switch from proof-of-work to a hybrid PoW/PoS system, and eventually drop PoW altogether. Sharding, on the other hand, will allow for more concurrent transactions without causing much blockchain bloat. As such, a higher transaction throughput is expected to be achieved in the future.

Up until now, it seemed as if the Ethereum developers were intent on releasing both scaling solutions in succession. However, that plan may have changed. Various rumors are circulating on the internet as to how Ethereum developers will combine both sharding and Casper in the next major network upgrade. This will be made possible thanks to recent advancements in scaling research.

Moreover, the actual implementation of Casper may undergo some changes as well. Considering that the original plan was to introduce Casper in the form of a smart contract, a change may be more than warranted. The current plan of action seems to involve introducing Casper on a sidechain as part of the sharding concept. It’s an interesting idea which will certainly be appreciated by a lot of Ethereum users.

If the developers can make both solutions activate at the same time, Ethereum will – theoretically – be capable of scaling beyond most people’s wildest dreams. That in itself will be subject to a fair amount of speculation, mainly because it remains a bit unclear as to which type of scaling one can expect exactly. Any major scaling of Ethereum will be well-received, for rather obvious reasons.

The combination of both sharding and Casper will provide benefits to the developers as well. More specifically, a more streamlined approach to making Ethereum scale is something everyone will benefit from in the long run. Additionally, it will allow for faster future developments to optimize the technology and perhaps add new functionalities in the long run. An interesting future awaits Ethereum, regardless of how these scaling solutions are implemented in the end.

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Bitcoin Cash Price Gets Skewed due to Exchange Trickery

A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest. Bitcoin Cash Value Fluctuates Heavily Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish. That is quite a large gap between prices, yet one that is also very easy to explain. Bitcoin Cash, as people knew it before the fork, no longer exists. Most professional exchanges have also retired this price ticker, for the time being. As the hash war rages on, there are still a lot of unknown factors waiting to be addressed. Despite this ongoing kerfuffle, there is a net 5.76% decrease in the Bitcoin Cash price, and a 5.4% decline over Bitcoin. More specifically, that is what CoinMarketCap reports at this time, although this is not necessarily the case whatsoever. In fact, some exchanges are clearly jumping the gun by labeling BCHABC as BCH and thus dragging the Bitcoin Cash price down a bit more. Exchanges currently engaging in this activity include Bittrex and Coinex, neither of which plays a big role of importance when it comes to trading. However, based on the current value of BCH on Bitfinex and Gate.io, it seems a similar incident is taking place. One also has to keep in mind Bitcoin Cash was getting battered ahead of the network split as well. Most exchanges have halted trading of BCH indefinitely, primarily because the currency no longer exists. It is evident either BCHABC or BCHSV will take over that name in the future, but nothing has been decided at this point. As such, any trading referring to just “Bitcoin Cash” or “BCH” should be avoided, as most users can never be sure which currency is effectively being traded under this name. All of this skews the picture pertaining to Bitcoin Cash altogether. Coinmarketcap reports there is still $392m in trading volume for BCH, even though that is virtually impossible right now. With so many exchanges freezing deposits and withdrawals, it is evident actual BCH trading is no longer possible whatsoever. Virtually all platforms have deposits of BCHSV and BCHABC frozen as well, which only makes this market trend more confusing. It is safe to say the entire network split has been a bit of a mess first and foremost. In the case of Bitcoin Cash itself, that name will – under the current circumstances- not be used across exchanges for much longer. Instead, the two separate camps need to be treated as such first and foremost. Until things settle down – with might not necessarily happen anytime soon – the Bitcoin Cash price itself is pretty much irrelevant for most traders and speculators. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin Cash Price Gets Skewed due to Exchange Trickery appeared first on NullTX.

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