Blockchain

Ethereum prices at the moment are not inspiring much confidence. However, the long-awaited network upgrades slated for this year and beyond could be a major boost for the crypto asset and its adoption.
Ethereum 2.0 not only heralds in a highly anticipated change in consensus mechanism; a raft of scalability solutions that could unlock the full potential of the network is also in the digital pipeline.
<h2>Ethereum Economic Cases</h2>
Partner at Metacartel Ventures, Adam Cochran, has taken a deep dive into the economic potential of&nbsp;Ethereum&nbsp;and how the next iteration of the platform could be a game-changer.
One possible reason is that large investors known as &lsquo;rent-seekers&rsquo; may switch to Ethereum once&nbsp;proof-of-stake&nbsp;is running. Stable returns of around 3-5% are eyed by these types of investors due to the scale of their principle.
If large quantities of ETH are purchased to make similar or better&nbsp;returns on staking, then the supply shock would drive up prices. This price surge, according to Cochran, could initiate a second round of staking investments as returns are multiplied.
The two events above would cause a retail fear of missing out events, pushing markets even higher. Retail investors are usually late to the party, but their actions could add to the market momentum as they did in 2017.
Additionally, there are far more fiat on-ramps now than there were three years ago, and better regulation has added perception of safety to the industry.
<h2>Actual Realized Demand</h2>
Cochran cites the best reason for growth will be actual demand:
&ldquo;The best reason for this growth, and one that only ETH2.0 can really claim, is actual demand for the asset, as use for gas in a decentralized computer.&rdquo;
For this, he references&nbsp;Metcalfe&rsquo;s law, which states the effect of a telecommunications network is proportional to the square of the number of connected users of the system.
In other words, the more actual demand there is to use the system, the more the price goes up because there is a real underlying value being created for the user.
Whale cycles are also part of the movement in an uptrend, as profits taken from lower prices can be reinvested to make more as it increases. Through staking, more nodes will be added to the network, which creates what he describes as a &lsquo;race condition&rsquo; where&nbsp;whales&nbsp;or &lsquo;rent-seekers&rsquo; have to buy more to maintain their earnings rate.
Rounding up investments to reach the required 32 ETH staking limit could also cause an increase in demand. New money may be poured into the market to continue to round-up stackable amounts of ETH.
Ethereum&nbsp;could play a key role in the inevitable paradigm shift that must be made in order for the global economy to survive, which is not likely to happen in its current state.
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Long-awaited network upgrades slated for this year and beyond could be a major boost for the crypto asset and its adoption.

Venture Capitalist says Ethereum Could Be the Greatest Economic Shift Ever

Blockchain based startup, Emerge has come up with their own app, Civitas, to deal with covid-19 pandemic by helping local authorities in many nations.
According to a company <a href="https://medium.com/@EmergeDev/emerge-against-covid-19-a861737a0ca8">blog post</a>, the app was designed &ldquo;to improve safety and cut store wait times by reducing gatherings in tight spaces, reducing the probability of contagion.&rdquo;&nbsp;
The spread of COVID-19 has grown exponentially in numerous countries over the past few days, accelerating the need for smart solutions to the problems caused by this global pandemic. Emerge is working with their partner&nbsp;Penta Network&nbsp;on multiple fronts to tackle these major challenges.
The main agenda of Civitas is to improve the store's wait time by cutting public gatherings in tight spaces. Since the only way to prevent coronavirus from spreading is by maintaining social distance and not getting into crowded places, this app will help authorities to manage the crowd of local people.
The app stores the government ID of each individual in unique blockchain records and helps government authorities to determine those identities uniquely. App will tell citizens what time is good to go out for getting their essentials like food and medicine. If any citizen is experiencing any coronavirus symptoms, then the app will also tell the user a very suitable time to get out from home and go for the checkups. The government can verify the permit of the user by looking at the records and crosscheck if authority permits the user. Not only local government authorities but also doctors can keep their patients informed about the test results and other medical-related queries.
While some countries are relying on the latest technology to track the virus, blockchain has been featured prominently in the fight against the current pandemic worldwide.

Blockchain-based startup, Emerge has come up with their own app, Civitas, to deal with COVID-19 pandemic by helping local authorities in many nations.