Christine Kim, Researcher at Galaxy Digital, recently shared a thread on Twitter updating the community on the developments on the Ethereum blockchain. During their latest meeting, Ethereum core developers, according to Kim, discussed the now-delayed Merge and the shadow forks.
What’s on the program?
Kim continued the Ethereum blockchain roadmap. The 4and The Goerli Ghost Fork is set to take place this Tuesday. On the contrary, the 2n/a The mainnet shadow fork is scheduled to launch the following Saturday, after the failure of the 1st Last week. The shortcomings were identified by Hyperledger Besu, an open-source Ethereum client. They are expected to provide information about the planned launch to hide all the cracks.
Tim Beiko, an Ethereum core developer, also updated the community about another major issue. Tweeting about the issue of the latest valid hash, he commented,
In fact, he was quick to suggest forking Ropsten’s testnet soon. The advantages of forking would be multiple. This would encourage early node operator participation and create a working structure on working nodes after the merge.
Forking Ropsten will help find potential gaps in the coding and also give “more time for the Merge to stay live longer,” he added.
Is it a good time to buy ETH?
Finder’s Cryptocurrency Price Prediction Report recently updated its analysis of ETH price action going forward. According to the same, about half of the respondents came out in favor of buying ETH while only 18% sided with selling.
Furthermore, over 75% of the respondents believe there will be a price increase after a switch to proof-of-stake. Martin Froehler, CEO of Morpher, for instance, also thinks the move will boost demand for ETH.
“The shift to proof-of-stake, DeFi, NFTs, and Ethereum’s low inflation rate, combined with huge network growth rates, will drive higher demand, and therefore higher prices for Ether.”
The Chief Product Officer at Permission, Vanessa Harris, seemed to offer a different view, however.
“In the short term the market is Ethereum’s to lose, but investors should carefully watch competition from 3rd generation smart contract platforms. Avalanche, Terra and Elrond all have high scale platforms with active dapp development and will vie for Ethereum’s user base.”
