Ethereum, second most valuable cryptocurrency, surges over 88% since March

Like Bitcoin, Ethereum has done far better than almost any other financial asset over the past weeks. Since the March 13, 2020 price level of $106, Ethereum now costs $200, a gain of over 88%.

According to data from Coinmarketcap, Ethereum, the second-most valuable cryptocurrency by market capitalization, had a value of $22.4 billion and a daily trading volume that stood at about $14.4 billion, at the time of drafting this report.

Meanwhile, the much-awaited Ethereum upgrade, known as Ehereum 2.0, could potentially boost its present bullish trend.
Ethereum 2.0 stands for a fundamental shift in its original designed structure, from the proof-of-work model to an upgrade known as a proof-of-stake model.

Lately, Ethereum Foundation researcher, Justin Drake, wrote on Twitter about Ethereum being long overdue for an upgrade. He said, “Ethereum 2.0 could have been launched a year or two sooner had the team decided to make things easier for themselves, e.g. by going through fewer design iterations.”)

When asked about the improvement on Ethereum he continued by tweeting:

Ethereum is a cryptocurrency designed for decentralized applications and deployment of smart contracts, which are created and operated without any fraud, interruption, control, or interference from a third party.

Ethereum is a decentralized system, fully independent, and is not under anybody’s authority. It has no pivotal point, and its platform is connected to thousands of its users through their computing system around the world, which means it’s almost impossible for Ethereum to go offline.

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