The collapse of ETH is inevitable

techlitic 251225 - The collapse of ETH is inevitable

Ethereum was started a couple of years ago and the initial promise was absolutely incredible. The founder was a genius from Russia who was looking to launch a new platform for decentralized apps. A bit different than Bitcoin, the consensus was that both crypto-currencies could co-exist in a world where these two currencies would take off. Bitcoin, as it is well documented, took off amid all of its volatility. Now, Ether is struggling with fees and speed of the network.

Key Takeaways:

  • As the world of crypto continues to grow, there are a ton of coins that will be washed out.
  • Bitcoin is the king of the entire market but Ether is in second place looking to close in.
  • As time has gone on, Ether founder Vitalik Buterin has not followed through with promises made to the public.

“Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.”

Read more: https://techcrunch.com/2018/09/02/the-collapse-of-eth-is-inevitable/

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