RATE Group | How Sharding on The Ethereum Network Might Be Around the Corner
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How Sharding on The Ethereum Network Might Be Around the Corner

15 Sep How Sharding on The Ethereum Network Might Be Around the Corner

Posted at 11:52h in Ethereum News by

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From a crypto-trader’s point of view, the best digital asset to short in the past few days was Ethereum (ETH). The digital asset had many of its fans and HODLers grabbing onto their seats as they watched it systematically decline in value from $300 only two weeks ago, to levels below $171 three days ago. Many thought the decline was due to the general bear market, but few knew that the days of Ethereum’s dominance were numbered due to lack of solving the scalability issues on the network. This fact even had a few Wall Street firms shorting ETH from as early as June this year.

ETH has since bounced back from the recent lows of $171 and is currently trading at $215. The digital asset might be headed for past glory at even higher levels in the coming days and weeks.

Demonstration of Sharding On the Ethereum Network

One of the solutions that has been put forth for the scalability issues on the ETH network is sharding. This is a concept that allows for nodes and transactions to be…

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