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The Future Of Ethereum In 2018

By admin | January 21, 2018 | Comments Off on The Future Of Ethereum In 2018

What do you think the future is for Ethereum in 2018?

As we all know, 2017 was an awesome year for Ethereum and the whole Ethereum ecosystem.

We’ve seen explosive growth in the currency and it’s very exciting!

Among the things I want to mention today are the technological improvements coming in 2018.

But first, let’s start with a few statistics about the Ethereum network that you might not actually know…

Over a million transactions are being processed and recorded by the Ethereum blockchain every single day. (That is mind-blowing!)

The fact that there’s that much demand for one million transactions on the Ethereum blockchain is pretty mind-blowing to me.

Another great statistic that I found is, as of January 12th, over 300,000 new Ethereum wallet addresses are being created every single day.

That’s 300,000 new places that you can send Ethereum to. (and actually receive Ethereum from)

Most of these are new people adopting the Ethereum platform and using it for decentralized applications.

And the third statistic that I thought was interesting was: there are over 33,000 nodes running the Ethereum network now.

So, that means that 33,000 computers are basically keeping a full history of the Ethereum blockchain, which is pretty cool.

It’s going to be very interesting to see how those numbers change over the next year.

I know most of us are very focused on Ethereum’s price and movements in the market, but that’s not the only number that matters.

So, what are some of the cool things coming to Ethereum in 2018?

Well, the Ethereum foundation and the people working on Ethereum are primarily focused on the scalability issue of Ethereum.

Currently, Ethereum processes about ten transactions per second, but imagine trying to run the entire Apple App Store with only 10 transactions per second?

Obviously, that’s a snail’s pace.

We probably need in the range of hundreds of thousands of transactions per second if we want Ethereum to really reach the full vision that Vitalik created.

So one thing Ethereum is doing in 2018 is they are trying to solve those scalability issues right now.

Ethereum is currently running on a proof-of-work algorithm. (which if you’re not familiar is the same algorithm that is running Bitcoin)

What this means is that miners use their computing power to solve a cryptographic hash (math problem) and that essentially forms a consensus among the nodes in the network and that’s how the transactions are added to the blockchain. (ledger of transactions)

The next thing they want to do with Ethereum has to do with the “Casper FFG” which is basically the brainchild of Vitalik himself.

The Casper FFG is a hybrid combination of a proof-of-work / proof-of-stake system.

What this does is, 50 blocks are added to the blockchain using the proof-of-work algorithm and then, after those 50 blocks are added to the blockchain, there is a check point where the proof-of-stake algorithm gets tested and it provides finality for these 50 transactions included in the 50 blocks.

What finality means is that they can’t be changed ever again and that they are verified to be accurate.

So, once this finality check point is reached, then they have the opportunity to test the upcoming proof-of-stake algorithm.

The reason this is so important is because Vlad (another member of the Ethereum foundation) is actually working on something called “Casper CBC”, which is called “consensus-by-construction” (that’s what CBC stands for) and essentially what Vlad is doing is transitioning from the hybrid model to the fully proof-of-stake model.

So there will be no more proof-of-work algorithm for Ethereum.

Once they figure out how to have this proof-of-stake algorithm working, then they can start to address some of the scalability issues.

There are three proposed ways of dealing with scalability, but two of them rely on proof-of-stake.

Hope you liked this overview of what’s coming down the road with Ethereum!

The Casper FFG should be released by Q2 of 2018 and then the fully proof-of-stake Casper CBC is actually still being developed and there is no definite release date (or even a rumored release date for that matter) but it is still being worked on in 2018.

Now, let’s talk about the scalability solutions that are being considered at the Ethereum foundation…

The first one is the “Raiden Network”.

This version does not depend on proof-of-stake and it could be implemented tomorrow if it was determined to be secure and ready for the main net.

What this does is, it allows for lightning-fast transactions by sending a whole bunch of transactions that can be condensed “off-chain” and then it adds them “on-chain”.

So what this does is, it opens a channel with the Ethereum main net, which is basically one transaction and then it can settle up to a hundred transactions and then it will close the channel with the Ethereum maintenance.

And when it closes it, it’s one more transaction.

So, we’re talking about a total of two transactions and in those with the opening and closing of the channel, you potentially could settle up to hundreds of transactions.

Now THAT would be an amazing update to the performance of Ethereum.

Now, the other two options are actually dependent upon proof-of-stake and they are “sharding” which basically breaks up the blocks that make up the blockchain into “side chains”.

But again, this is reliant on proof-of-stake.

And then we have “plasma”, which Vitalik is working on and is also dependent upon proof-of-stake, primarily, although it’s debated whether or not you really need proof-of-stake for this to work.

Basically, “plasma”, in this context means “blockchains inside of blockchains”, sort of like the movie Inception!

So there you have it, the upcoming changes for Ethereum in 2018!

I do believe that proof-of-stake is going to be much better for the Ethereum ecosystem.

I believe it will allow for better scaling and that’s why I think it will be a huge benefit both to the Ethereum ecosystem, as well as to the price of Ethereum, so I’m excited to see these changes coming up.

We’ll be moving from the “proof-of-work only” system to the proof-of-work / proof-of-stake “hybrid” system and then on to a fully “proof-of-stake” Ethereum.

As found on Youtube

Exciting Launch For Online Course Instructors – Daily Hustle #211

By admin | August 21, 2017 | Comments Off on Exciting Launch For Online Course Instructors – Daily Hustle #211

This is a teaser promo for an exciting course I am launching soon.

Watch today’s video here:

 

This course will be perfect for online teachers / instructors or really anyone who is selling digital products online.

Hit the subscribe button to learn more when we launch!

[VIDEO] Be Curious And Grow Rich – Daily Hustle #210

By admin | August 20, 2017 | Comments Off on [VIDEO] Be Curious And Grow Rich – Daily Hustle #210

Are you a curious person?

Are you always looking for more detail, or trying to get more of the “juice” out of life and experiences?

Or “is that all there is” – in your mind?

Being curious is, in my opinion, one of the greatest keys to being successful.

Watch today’s video here:

 

 

In this video, we talk about the role of curiosity and how it meets opportunity and can dramatically improve your business results.

Always Play Scared – Always Be Nimble – Daily Hustle #209 [VIDEO]

By admin | August 19, 2017 | Comments Off on Always Play Scared – Always Be Nimble – Daily Hustle #209 [VIDEO]

If you want to be successful in your online business today, them you have to “play scared”.

Playing scared just means that you are always looking to expand and grow your business and influence.

In today’s video, I also share how we need to be nimble in today’s business environment.

Watch today’s video here:

 

 

The reason is, there is constant change happening all the time and we need to be ready to flex and flow with this constant change.

Be sure to watch the entire video.

Why eBay Is The Best Marketplace For Collectibles & In-Demand Items – Daily Hustle #208

By admin | August 18, 2017 | Comments Off on Why eBay Is The Best Marketplace For Collectibles & In-Demand Items – Daily Hustle #208

In today’s video, I share a few reasons that eBay is still the best place for collectibles, antiques, rare and high demand items of all kinds.

Watch today’s video here:

 

 

Today, the top ecommerce sites include eBay and Amazon.

In this video, you’ll learn about the key differences in the two sites and how to determine which products to sell where.

There are some critical differences between the two and this video shows you the differences.

Proven Merch Live Review – NEW Merch By Amazon Training – Daily Hustle #207

By admin | August 17, 2017 | Comments Off on Proven Merch Live Review – NEW Merch By Amazon Training – Daily Hustle #207

If you’re doing Merch By Amazon, then you’ve got to see my review about the Proven Merch Live event happening right now.

There is so much cutting-edge information and strategy in this event that you will be light years ahead of the average Merch by Amazon seller!

I have already gotten far more value in DAY ONE, than I ever expected to get from this event and I cannot recommend it more strongly.

Watch the video here:

 

Check it out and learn how to run VIRAL FB ads, Amazon ads and how to license designs. (and that was just from Day One!)

Get the livestream AND recordings here:
http://daveespino.com/PML

[VIDEO] Why I LOVE Email Marketing! – Daily Hustle #206

By admin | August 15, 2017 | Comments Off on [VIDEO] Why I LOVE Email Marketing! – Daily Hustle #206

Welcome back to the Daily Hustle!

Every day, I’m bringing you the latest news, information, resources and motivation to help you in your online home based business and today I want to talk about why I love email marketing.

Watch TODAY’S VIDEO here:

 

You know, over the years, I’ve built a subscriber list – an email list of people who are interested in making money online…

I’ve had this list for many, many years and it has brought me a lot of income.

The way an email list can bring you income is, you have basically a captive audience that you can send either your products to or you can send affiliate products to.

An affiliate product is where you get paid a commission for referring sales of a product and in this case I was very excited about this brand-new product that shows a very unique and little-known way to make money with drop shipping – drop shipping and ecommerce.

It’s a form of online arbitrage that no one knows about and it’s brand-new and it’s very exciting!

In fact, I’m going to be teaching it to my 16 year old son so he could start doing it for himself, and I’m going to start doing it myself because it’s so simple and so easy to do.

Anyway, I’ll have a link to that product at the end of this article so you can check it out for yourself, but I like getting excited about products that I believe are good and helpful for my subscribers and that can actually work well for my audience.

I don’t ever promote anything to my audience that isn’t good, helpful and legitimate.

I only promote things that I really believe in.

So, I reviewed this product, I believed in it, I loved it and I wholeheartedly promoted it to my email list subscribers and so this is just some of the stats in the last couple of days.

Now these aren’t even the greatest stats in the world, but I wanted to share with you how, in just two days, I made $419 in affiliate commissions – in affiliate sales, by simply promoting a high-quality product and by giving my email subscribers a little bit of a sense of what this product is about and how it can change their lives.

So, as you can see, yesterday we made $47 on two sales and today we made $372.50 on 15 sales and like I said, they’re not even mind-boggling stats, they’re just decent results that anyone can get with just doing some decent email marketing.

So, the moral of this story is, work to build your email list and in everything you do, build your email list constantly!

In fact, I would say that even higher of a priority than making money is to build your email list!

The reason is, this email list has made me money for over 18 years now.

It is an asset that I hold dearly, because this asset, if you treat your subscribers right and you help them find good opportunities or good things that they’re going to enjoy and that they’re going to like over the years, will bring you so much income.

It’s an asset that keeps on paying you and it’s a gift that keeps on giving.

So, number one, work to build your email list.

Number two, treat that email list with care. Don’t just spam them and don’t just send them a bunch of crap.

Send them good, quality stuff that they can benefit from over and over again and build your trust with them so that they understand that you are looking out for them; you’re not just trying to sell them something.

And, as you do that over the years, those subscribers will repay you with either purchases of your product or purchases of affiliate products that you recommend to them.

Now, if you’re interested in building an email list, then there’s no better way than to check out my course all about email marketing.

In it, I show you exactly how to set up your email list, how to bring in subscribers, how to set up opt-in forms, how to do single opt-in and double opt-in lists (and what that all means)

Bottom line, I show you everything you need to know to build a good email list over time and then be able to do what I’ve done here.

You can refer and recommend products to your customer base and help them to achieve their goals as well!

Hope you enjoyed today’s Daily Hustle and I’ll see you tomorrow, on the next edition of…

The Daily Hustle!


Check out the killer dropshipping course here: http://daveespino.com/LittleKnownArbitrage

Check out the killer email marketing course here: http://daveespino.com/EmailMarketing

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