Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
Fargusson
on 12/12/2017, 21:33:21 UTC
I can't believe eth just jump to $530 within few hours since last i check it, i thought the network is over clogged as a result cryptokittens-ish, i shoulda bought yesterdaywhen it was $475+ Angry, very funny.

Remember that an overclogged network doesn't mean that the price is supposed to be stuck. As long as the ETH are staying in Bittrex/Bitstamp/GDAX/YourExchangeHere, there is no transaction on the network whatsoever. Which means that you can have 3 billions $ of transactions like today with no sensitive impact on the daily number of transactions. It's the same with Bitcoin always rising for 6 monthes now even with an unusable network.

+ETH network isn't overclogged anymore as the gas limit was raised by the miners yesterday (allowing us to reach a new transactions number ATH btw).