Buy SuperiorCoin with SBD/STEEM

Buy SuperiorCoin with Steem and Steem Dollar on Steemit

Saturday, July 1, 2017

The $28-Billion Challenge: Can Ethereum Scale to Meet Demand?

The $28-Billion Challenge: Can Ethereum Scale to Meet Demand?

For all the recent successes, this much is clear: ethereum is still far from becoming the "world computer" its engineers originally envisioned.

The best example of ethereum's in-progress status arguably occurred earlier this month, when the world's second largest blockchain by investment saw record-high transaction activity thanks in part to a single popular initial coin offering (ICO). The sale, which saw users compete to purchase a new token for an application called Status, ended up affecting the entire network, now valued at more than $28bn, causing it to run more slowly for all users.

Due in part to how the specific ICO was engineered, users struggled to get transactions and contract updates processed, while a group of exchanges temporarily shuttered ether trades to deal with the congestion.

In response, the cryptocurrency world was abuzz.

Full story at

Source: CoinDesk

Tweet This Story




If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Bitcoin you can send donations to my Bitcoin Wallet:

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Copy and paste this code into your pages.