Have you heard of Casper? No not the friendly ghost! The coming Ethereum hard fork!
There is going to be a major change to the Ethereum network hitting the crypto world very soon. As you are probably well aware, Bitcoin and Ethereum among many others work on a PoW(Proof of Work) algorithm. With this model, all of the transactions are verified by miners on the network.
The big change coming is that Ethereum is moving to proof of stake. This has major implications for holders of ETH. It means that you could earn ETH just by staking it. It also means that a lot of ETH is going to be tied up in staking. This means two things.
There are going to be less coins getting sold off meaning the price will rise and there will be less volatility because more will be holding ETH for staking.
I'll eat my hat if ETH doesn't reach $2000 by Christmas 2018
Congratulations @cryptoman! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP