We all know Ethereum (ETH) has been skyrocketing over the past days and has finally displaced Ripple as the second largest blockchain (thank goodness).
But recently, ETH has had a glitch in the software that determines the amount that a transaction should cost to send. This has caused a huge inflation in terms of user fees, granted, not as large as Bitcoin transaction fees (don't even get me started). A glimmer of light that the community sees, Casper, will split into forks. The basis of Casper was to make proof-of-work more friendly. This test could cause more strain and possible issues with forks that may not work together.
However, the consensus exists that Ethereum is just not scalable for the rise it has presented recently. If any of you had tried sending Ethereum recently, maybe you have noticed that it will either take entirely too long or will fail outright.
Keep in mind, this problem also exists for miners and users downloading the blockchain for wallet purposes. This problem has really amplified over the past few weeks. In essence, the developer team will need to provide improvements in this situation, otherwise, it might not continue to thrive.
While Ethereum is on a meteoric rise, keep in mind it could go down just as quickly any moment due to back-end issues that haven't been addressed by the developer team.
Let me know what you think Ethereum holds in store this year!
I have been hit just like many. I sent some eth to my Indian wallet on 8th and there is no clue where it disappeared. I have contacted openledger whom I contacted but no response till now except an update about congestion on their website. I should have used blocktrades