Ethereum (ETH) News – Can Ethereum (ETH) achieve true scalability?

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Ethereum (ETH) has been receiving backlash from its community. The problem is lack of scalability. Many initially believed that Ethereum (ETH) offers a scalable blockchain. However, when a few Ethereum (ETH) blockchain-based applications clogged the network, most of the developers realized that the blockchain of Ethereum is not that scalable after all.

Can Ethereum (ETH) achieve true scalability?

There are however a few new developments which indicate that Ethereum (ETH) might be able to achieve true scalability after all. ETH news doing the rounds is that with the help of Raiden network. Ethereum can achieve scalability. Raiden network is a protocol which involves scaling token transfers. Thus, with the help of this scaling, the capacity of the Ethereum (ETH) blockchain can be increased significantly.

Raiden network has gone a step ahead and already implemented the initial version on Ethereum Main-net. The name of the network is Red eyes. It is in the initial testing phase. Once it moves out of the initial testing phase, an advanced version of the network will be rolled out on Ethereum (ETH) blockchain.

Once the new version is released, it can settle payments as well as top-up the network capacity as well. Raiden network will ensure that the Ethereum (ETH) Mainnet increases in capacity as well. As a result, scalability to a large extent can become a reality as well. Raiden network can propel the value of Ethereum coin in the future as well. Ethereum value fundamentally will increase significantly after this development.

A lot depends on the successful testing of this network. Up until now, the trial is going fine. Soon the developers of Ethereum (ETH) will announce the unrolling of the network on a mainstream basis. When that happens, every transaction done on the Ethereum blockchain can be done using this network. As a result, the speed of the transactions will increase significantly.

As a result, smart contracts can get a boost on the Ethereum blockchain. When that finally happens, the Ethereum value can increase significantly as well. One of the main reasons why Ethereum coin has fallen so dramatically is because of the scalability issues. Once the scalability issues are ironed out, it will be very easy for Ethereum coin to gain back some of its value. As a result, the launch of this network is a big ETH news. It might trigger a move to buy Ethereum.

Investors are keenly eyeing this development to figure out when it gets launched on a more reliable basis.

About Priya 131 Articles
I am an IT engineer by qualification and like to explore the crypto and blockchain space in my free time.

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