I believe many people where very unaware that last night Byzantium hardfork happened on the Ethereum network. This is one of the biggest updates to Ethereum since it split in two with Ethereum classic and Ethereum.
As of 2am EST on October 16th 2017 Byzantium hard fork has been locked in and so far the markets are reacting positive to this.
Per creator Vitalik Buterin twitters post
What to expect with the upgraded Ethereum blockchain
The new network will have significant improvements to the blockchain in terms of Privacy, Scalability (This is a huge one) and smart contracts efficiency through systems such as ZK-SNARKs - ZCASH support.
ZK-SNARKS
Will be using ZCASH on the network which has proven to be one of the best truly anonymous forms of transferring crypto currency. This was the whole reason why blockchains where created to be out of governments reaches and right now Zcash and Ethereum are leading that charge.
Efficiency
With this hardfork also comes some efficiency updates. Much like bitcoin core added Segwit, Ethereum has removed many un-needed information stored in transactions which will reduce the size of each transaction on the block allowing for more and lower transaction prices at its current rate. However further developments will still need to be made here so the blockchain can handle hundreds if not thousands of transactions per second if its going to ever go mainstream. (Right now it can handle about 5-10 per second)
The Markets
So far the markets are looking promising. Since the hard fork ethereum has jumped nearly 4% and stayed even. As the good news spreads I have a feeling we will see this price jump some more.
This is the key difference in why I believe in Ethereum so much more then Bitcoin.
Unlike bitcoin Ethereum has just underwent a fork to improve the blockchain, no split happened to cause mass confusion and panic and only good things have come. With a central development team it allows the block chain to adapt to survive while bitcoin struggles with this greatly.
This is a good improvement to the ethereum network and ecosystem.
Thanks for sharing the information
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
your welcome Johny thans for checking it out and for the upvote
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post, you are bringing up a lot of valuable information, as always! It is indeed a very good thing that the blockchain did not split, this is a sign of trust from the miners and people involved in Ethereum. Hope for the best of this currency, it is really promising!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Valor2S from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 7.12 % upvote from @booster thanks to: @bitcoinflood.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good news
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has been ranked within the top 80 most undervalued posts in the second half of Oct 16. We estimate that this post is undervalued by $21.79 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Oct 16 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
"comment,upvote,resteem=i'm beggin' you for money".
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit