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#EthereumNews #CryptoNews
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Transcript:
0:00:00 Ethereum (ETH) Likely To Expand Because of On-Chain Enhancements
0:00:04 This update is brought to you by "CoinCheckup News Updates" and was originally published on "NewsBTC".
0:00:10 In two years, ETH issuance may be reduced 10-fold.
0:00:14 From Constantinople to the activation of EIP 1234, Ethereum fundamentals are overly bullish.
0:00:21 Add that to possible plans of reducing ETH issuance by 2021 and bulls are at a prime position to rally.
0:00:27 At the moment, ETH is up 5.4 percent.
0:00:31 The Ethereum developer community are a determined lot.
0:00:34 The Constantinople update set the ball rolling.
0:00:37 Plus, with another update in two months, all indicators point to a bullish ETH.
0:00:42 However, in the midst of it all, the main discussion is around the consequences of upgrading and shifting from a proof-of-work system to a proof-of-stake consensus algorithm.
0:00:51 Although building the bare bones for a scalable and efficient network, there are wrinkles that must be ironed out.
0:00:57 A visible one is talk around ETH issuance and whether there should be a hard cap.
0:01:02 Earlier, Vitalik Buterin said the total ETH in circulation would be capped at 120 million or at least twice the amount of ETH sold during the 2015 crowdfunding.
0:01:11 “Here’s a possible timeline highlighting the key milestones: January 2020: Beacon chain launch.
0:01:17 June 2020: ETH2 light clients production-ready.
0:01:22 Ideally, in case this happens then ETH would be scarcer that BTC and LTC.
0:01:27 From supply-demand dynamics, that is massive for ETH holders as a repricing will drive prices higher.
0:01:33 Currently, ETH is in a clear uptrend.
0:01:36 Nonetheless, like BTC, there are hurdles.
0:01:39 June 27 bear candlestick defines the immediate price action since prices are still oscillating within its trade range.
0:01:46 Therefore, while aggressive traders can buy the dips, it will fit for the conservative type of traders to wait for clear breakouts above June high.
0:01:54 Thanks for checking out this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: "NewsBTC", who originally published this news update on their website.
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