What is the weakness of Ethereum? The view of Nobel laureate
Source:Well-Known economist Nouriel Roubini believes that the fall in the price of Ethereum because of small number of decentralized applications on the blockchain of cryptocurrency. About it writes .
theEthereum is losing popularity
Roubini spoke rather sharply on the practical application of coins.
Not surprisingly, the Ethereum falls. 75 percent on the blockchain DApps is CryptoKitties, pyramid schemes and casinos. The remaining 25 per cent worked on a decentralized exchange, which nobody uses. While 99% of the cryptocurrency has lost almost 99 percent of its value.
The Crypt is still at an early stage of its development. Recall, the Internet also went through a barrage of negativity and criticism in his early years. can handle a maximum of 10-12 transactions per second, which is definitely not enough for acceptance at the grassroots level.
However, Ethereum, every day it becomes more and more perfect. Team Vitalik Buterin working on integrating new solutions and cryptocurrency on algorithm Proof-of-Stake.
In the meantime, decentralized applications are mostly used for entertainment. And those were not really .
True if the forecast of Roubini? Probably not. In the long term DApps will be developed and implemented in more areas of life. People are ready — most young investors also on the growth of the crypts in the long term.
What do you think about the future of Ethereum you? Share your wildest projections .
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