Privacy algorithms that are scaling Ethereum
According to the co-founder of Ethereum Vitalik Buterin he would like the Ethereum platform to become like Zcash (ZEC) with the coming Constantinople fork.
The price of Ethereum has lost a lot of its value, however, this new constantinople fork expects to take place next week, will increase Ethereums utility. According to a tweet coming from Vitalik Buterin he gives his complements to the Zcash foundation for a network upgrade.
Ethereum uses solidity in its projects, The founder is not just looking to port The Zcash network on to Ethereum but, to also take some pointers. The Ethereum blockchain uses a Proof-of-Work (PoW) consensus algorithm in order to measure its scalability. The EOS Blockchain which was made with the Ethereum blockchain has similar process and can process thousands of transactions per second (TPS).
The Ethereum and ZEC network, has seen its first few week’s decline to 16% for this period. The Ethereum transformation is only days away from being implemented with the constantinople network.
Ethereum is reinventing itself and the sooner the market recognises the transformation, it will make the ecosystem increase in value overtime. While stabilising the financial economy in over the next few years.
What is your opinion of the Ethereum network together with ZEC? What do you think of the Constantinipole fork? Please feel free to leave a comment down below.