{"id":14914,"date":"2019-06-26T00:00:00","date_gmt":"2019-06-26T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2019\/06\/26\/ethereum-eth-price-analysis-relative-to-btc-ethereum-is-undervalued\/"},"modified":"2019-06-26T00:00:00","modified_gmt":"2019-06-26T00:00:00","slug":"ethereum-eth-price-analysis-relative-to-btc-ethereum-is-undervalued","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ethereum-eth-price-analysis-relative-to-btc-ethereum-is-undervalued\/","title":{"rendered":"Ethereum [ETH] Price Analysis: Relative to BTC, Ethereum Is Undervalued."},"content":{"rendered":"
The goal is to solve or strike a perfect balance as far as the blockchain trilemma is concerned. It\u2019s a balancing act, an art. Towards that perfection, Istanbul fills that gap, making amends to the Constantinople upgrade which had been put off in two different occasions.<\/p>\n
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Already, the development team has approved to core EIPs in 2024 and 1702<\/strong><\/a>. Both are vital, tagging along cost savings when executing a smart contract as well as building the foundation for smooth hard forking in the future. These were the two out of the 30 EIPs selected as the rest are still contentious, demanding further discussions before implementation in future updates.<\/p>\n Specifically, EIP 2024 introduces a new pre-compiler for Blake2B of Ethereum\u2019s Virtual Machine hash function. The result of this are optimized blockchain operations as well as cheaper transactions as aforementioned. Commenting, James Hancock, one of the three authors behind EIP 2024 said:<\/p>\n \u201cBlake2B means that we could interop with ZCash on the Ethereum main network. Wrapped ZEC within Ethereum, [shielded] transactions, a whole lot of cool stuff.\u201d<\/em><\/p>\n Meanwhile, EIP 1702 is all about Smart contract optimization with its author, Wei Tang of Parity Technologies saying:<\/p>\n \u201cBy allowing account versioning, we can execute different virtual machine for contracts created at different times. This allows breaking features to be implemented while making sure existing contracts work as expected.\u201d<\/em><\/p>\nETH\/USD Price Analysis<\/strong><\/h2>\n