What you can expect with Ethereum in year 2018

Ethereum is a second generation Cryptocurrency , First Generation Cryptocurrency is Bitcoin which is known as gold of crypto market. Bitcoin is most trusted Cryptocurrency because it has been tested from eight year.  Bitcoin is most robust  crypto. The major issue with Bitcoin is its scalablity therefore is can not be used as fast transaction crypto in daily life as Ripple XRP and Stellar Lumens. 


The main two purpose of Ethereum development  first one is to resolve, the scalablity issue with first generation Cryptocurrency. Second one is two base platform for Smart contract so that any organization can develop smart contact on Ethereum. Now Ethereum  is #1 choice to create smart contract as we can see that most of the Cryptocurrency are Develop on ERC 20 token.   


Ethereum Doing a great job in the term of scalablity and smart contract. the scalablity of Ethereum has to be improve as per our current requirement.  it is main Crypto in Exchange to buy any other in all major exchange. most of us have faced the problem of Etherium Network conjection. 


Ethereum will face tough competition from third generation crypto in the term of scarcity and smart contract specifically from Cardano and IOTA which are known as major 3rd generation Cryptocurrency . due to this tough competition we will see some changes in Ethereum in the year 2018 in this post I will discuss futures of Ethereum, in 2018. 


In the response, of IOTA Tangle and epoch of Cardano,  Ethereum going to implement plasma which will make, Ethereum highly scalable. On 10th august Vitalik Buterin and Joseph Poon released a working draft of Plasma project.   

 What is Plasma ? How it can Improve Etherium scalablity? 

Plasma is a proposed framework for incentivized and enforced execution of smart contracts which is scalable to a significant amount of state updates per second (potentially billions) enabling the blockchain to be able to represent a significant amount of decentralized financial applications worldwide. These smart contracts are incentivized to continue operation autonomously via network transaction fees, which is ultimately reliant upon the underlying blockchain (e.g. Ethereum) to enforce transactional state transitions.   

For further info you can visit www.plasma.io . To download the abstract pdf Click Here.
Plasma is one solution to many  problem , many companies  already shown their interest to use Plasma one of them is Omisego. 

 
There is no any doubt that Ethereum Will be #1 platform for the smart contract development platform for other crypto because of its strong development community with support from Big companies are known as EEA (Ethereum Enterprise Alliance). 

Disclaimer-: This post is not an Investment advice in Ethereum through this post I am sharing my study and research on Ethereum please do your own research and study before make an investment in the crypto market as crypto market is very volatile.  

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