This story was shared from this site

ETHCORE’s releases of the parity wallet and polkadot network breathe life into Ethereum.

One of the biggest challenges facing Ethereum is user experience. While it has programming functionality for a large consumer base to utilize GUI’s and easy to use tools need to be developed. Parity, ETHCORE’s Ethereum wallet, brings a fresh take on user experience, and starts to open the door for integrating more functionalities. In addition Gavin Wood of ETHCORE and Ethereum released the polkadot paper, creating a sidechain style network opening the doors for a mixture of public and private chains among other functionalities.

There’s no clear path to success in cryptocurrency except to continue moving forward.

Bitcoin in its long lifespan relative to other cryptocurrency has achieved market dominance but not without setbacks. Many events have hurt it’s progress including hacks of centralized entities and worries of scaling. Still a continuous effort has paid off. Similarly, other projects in the space that show a commitment to progress may see similar success. The foundation of ETHCORE represents the need to have a focused team without constraints of the main Ethereum development to work on new uses of the protocol. It’s not uncommon for projects to spin-off another entity, but it is for them to so quickly push out tools to improve Ethereum and not immediately make profit on development.

Ethereum powers applications and is not innately created as a currency.

The clear difference between Bitcoin and Ethereum, is that demand for Ether is dependant on the development of applications. Ether is used as a mechanism for updating contracts, and can also be used internally as a pseudo monetary instrument. There have not yet been a huge release of applications, but after the major crowdfunding in 2016, it’s possible these will drive demand. The market has suffered and

Facebook Comments


Read previous post:
Weekly Cryptocurrency Market Outlook July 4

BTCManager's Weekly Cryptocurrency Outlook highlights the price action and technical indicators on a long-term basis to identify the best opportunities...

Close