Sunday 6 November 2016

Reading Ethereum News before Taking Positions or Exiting

If you are a trader who trying to make money trading Ethereum you should keep some factors in mind so that you don’t lose your valuable investments. Needless to say updated Ethereum news from around the world will help you make better returns. The latest news is that Ethereum development team officially postponed the execution of EIP150.

Thus, a hard fork designed to increase the gas cost of transactions, setting the target block to 2463000 is a reliable option. Several portals came up with their views which may not be true though and provide exception situations. Notwithstanding what while Coinbase warned its users against network instability, experts criticize the Ethereum network’s security measures.

Reading the above paragraph it appears there were some issues with Ethereum news and now they have been solved for better outcome. Traders who have been trading for some time now believe that since late September, an increasing number of denial-of-service attacks have targeted the Ethereum network by spamming the network with transactions.

Receiving Ethereum News from Around the World 


Reading all news whether good or bad should be given preference. For instance, the latest development is that despite the release of several geth and parity updates, the Ethereum network continuously failed to deal with the intensity of ongoing DoS attacks. This according to some observers is ultimately forced the foundation to execute a hard fork.

According to Ethereum co-founder Vitalik Buterin there are software changes that have been made, are being made and can be made in order to mitigate the situation. He was quoted saying that the fact will remain that such opcodes will be by a substantial margin, the easiest known mechanism to degrade network performance via transaction spam.

Ethereum has Bright Prospects for Long Time 


If you believe in what Ethereum co-founder Vitalik Buterin says you should also check the portals that provide coverage. Buterin is of the view that hard fork’s major alteration in cost of storage will mitigate the delays and prevent more DoS attacks in the future. Traders believe that as many Ethereum developers see it, there are bright prospects.

Notwithstanding what hard fork is an uncontroversial change as it will boost security, unlike the last fork. Experts and those who have not been able to book profits are the people who are making most of it now with the help of technical analysis.

Also read: Trading Based on Bitcoin News

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