Bitcoin at new highs; Buterin announces Ethereum 2.0 plan
DSIJ Intelligence / 28 Nov 2017
As bitcoin, the first cryptocurrency is slowly making its way to the mainstream market, its close competitor Ethereum is quietly outperforming it in the crypto market.
As Bitcoin, the first cryptocurrency is slowly making its way to the mainstream market, its close competitor Ethereum is quietly outperforming it in the crypto market. In the past seven days, bitcoin has been surging to fresh highs, growing by 15 per cent, whereas Ethereum has recorded a growth of over 30 per cent during the period.
The relatively new cryptocurrency, Ethereum claims to have a more competent blockchain technology than any other cryptocurrency. On Monday, the founder of Ethereum, Vitalik Buterin announced his plans to launch an advanced version of Ethereum, under the title Ethereum 2.0. The currency is planning to solve the common concerns of privacy, consensus safety, smart contractor safety and scalability with the launch of Ethereum 2.0.
Following the announcement, the price of Ethereum hiked to a fresh high of US$482, whereas the Bitcoin levels also hit its fresh high of US$ 10,000 on Tuesday. Both the currencies have been on a continuous growth momentum since May 2017. At 1154 hours IST, Bitcoin was trading at US$ 9870 and Ethereum was trading at US$ 481.37, respectively.
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