Ethereum network is limited to around 20 transactions per second. This is twice as much as Bitcoin can handle. However, if we are looking at a future where Ethereum is used as a daily form of payment, this isn’t enough.
The Raiden Network is aiming to solve this problem. Its developers are building an off-chain solution for Ethereum payments which scales linearly with the number of participants. The network could in the future handle over 1,000,000 transactions per second.
Here`s the link to their website : http://raiden.network/
Prior to this news, the price of Ethereum raised to 290$ today.
Ethereum’s research team is also collaborating with ZCash to better address privacy on the blockchain. The focus of their collaboration is to address the “combination of programmability and privacy in blockchains,” according to the Ethereum Blog. This will allow transactions to become completely anonymous, a feature that will also apply to certain aspects of smart contracts.
Go grab some Ethereum before the bull market stops. What say?
That's what EOS is for, and besides all, FREE transactions! 😍 .
I like your post and enthusiasm, but EOS has my back!
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