Ethereum Soars To 2-Month High

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    Topic
  • #132415
    Michelle Lawson
    Ambassador

    Ether hit a two-month high as the planned software upgrade to the Ethereum blockchain underwent a major successful test, paving the way for one of the most significant changes in the cryptocurrency sector as Ethereum transitions to Ethereum 2.0, and from Proof of Work to Proof of Stake.

    As Bloomberg reports, “the Goerli test conducted late Wednesday New York time was a kind of dress-rehearsal for switching the Ethereum network from proof-of-work to a more energy-efficient proof-of-stake system. The full shift is expected next month.”

    Maybe things will start looking up? Who knows….

     

    1 user thanked author for this post.
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    • #132424
      Michelle Lawson
      MANAGING AMBASSADOR

      Well, I look at all the little signs, and they all point to ‘this is what the future will be’. All of the puzzle pieces need to be identified, and put into place, and then they will all take off being universally accepted. The chink in all that is to what degree the Central Banks go after their cut and what control they exert. Sounds kinda Mafia-ish to me though…..

    • #132423
      Jasmine
      MANAGING AMBASSADOR

      I don’t have a lot in Etherum but hope it does well.

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