.BankofAmerica says it expects ethereum adoption and usage to decelerate if the blockchain is not able to increase its throughput. By willcanny99
because few alternatives existed until recently, Bank of America said in a research report Tuesday.
The bank says it expects Ethereum adoption and usage to decelerate if the blockchain is not able to increase its throughput, adding that application developers will probably choose other networks on which to build. “We view Ethereum’s long-term viability as dependent on its ability to fulfill the vision laid out in its roadmap, which includesto expand its throughput capacity significantly,” analysts Alkesh Shah and Andrew Moss wrote.
Bank of America notes that Ethereum’s smart-contract enabled platform gave it a first-mover advantage as app developers gravitated to the platform, which led to network effects as the number ofThat early success, however, was a “double-edged sword” as the large number of transactions resulted in network congestion and surging transaction fees, the note said.
A dapp is an application that uses blockchain technology to keep users' data out of the hands of the organizations behind it.“As in prior tech cycles , new projects are likely to emerge and poorly positioned projects will exit,” the note added.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
California Is Poised to Battle Big Tech Over 'Journalism Usage Fees'A new bill would charge Google and Facebook fees when advertising is sold alongside local news articles appearing on a tech platform.
Read more »
Adobe Analytics Shows Buy Now Pay Later Usage Is Higher Amid Economic ConcernsThe current economic uncertainty and inflationary pressures in non-discretionary spending categories are prompting consumers to delay payments for purchases by leveraging buy now pay later options (BNPL).
Read more »
Adobe Analytics Shows Buy Now Pay Later Usage Is Higher Amid Economic ConcernsThe current economic uncertainty and inflationary pressures in non-discretionary spending categories are prompting consumers to delay payments for purchases by leveraging buy now pay later options (BNPL).
Read more »
Adobe Analytics Shows Buy Now Pay Later Usage Is Higher Amid Economic ConcernsThe current economic uncertainty and inflationary pressures in non-discretionary spending categories are prompting consumers to delay payments for purchases by leveraging buy now pay later options (BNPL).
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Consolidates, Ahead of Pivotal FOMC Meeting – Market Updates Bitcoin NewsBitcoin consolidated recent gains on March 21, as markets await the upcoming Federal Open Market Committee (FOMC) meeting.
Read more »
Ethereum as a deflationary asset, explainedDeflationary tokens like Ethereum are the key to differentiating Web3 ecosystems from traditional capital markets.
Read more »