RATE Group | Ethereum tipped to Underperform This Year by Experts ⋆ ZyCrypto
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Ethereum tipped to Underperform This Year by Experts ⋆ ZyCrypto

29 Jul Ethereum tipped to Underperform This Year by Experts ⋆ ZyCrypto

Posted at 12:15h in Ethereum News by

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Ethereum tipped to Underperform This Year by Experts
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Many crypto experts last year predicted Ethereum to suffer this year, despite it being the second largest cryptocurrency and Bitcoin’s strongest competitor in the crypto world. A series of events which transpired in 2016 initially cast the huge doubt on the future of Ethereum and if it can even survive in the crypto world.

In June that year, the Blockchain behind Ethereum got hacked, with millions of dollars in Ethereum token being stolen by the unknown hacker who according to some, was an inside person.

The next appropriate and logical step which many crypto experts expected from the Ether community was a total overhaul in the security protocols in their blockchain as well as implement new cybersecurity countermeasures. Instead, they decided to fork the Ether Blockchain and delete any record from the hack from the new Ethereum blockchain that exists today.

Many saw that as a wrong move and feature hacks were bound to happen. As expected, the Ethereum classic…

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