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Cryptopolitan 2019-08-28 01:19:40

With transaction cost FUD spiraling up, all’s not well in the Ether world

Ether, the second-largest cryptocurrency, seems to be in trouble these days. Concerns seem to be growing around Ether as transaction processing costs are spiraling upwards making it expensive for many users. Vitalik Buterin, the Ethereum co-founder, has also expressed similar apprehensions. What could all this signify for Ether, a cryptocurrency with $20 billion market cap? Let’s find out. What’s wrong with Ethereum blockchain? As per Vitalik Buterin, organizations aren’t keen on joining Ethereum blockchain since the network’s utilization has already touched ninety percent (90%) level. So, large organizations will not only further saturate the network but they’ll also be competing

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