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.”
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.
Download Nairametrics App for breaking news and market intelligence.