Two Point O 💻

by 3 Dec, 2020

Two Point O

Bitcoin has been the talk of the town recently. With prices closing in on all-time highs, it’s natural that Bitcoin could be taking your attention. At the same time, the world’s second largest crypto by market value; Ethereum has got some big plans underway.

Ethereum is up 350% since the beginning of 2020 and last week the coin managed to break past $600 per coin for the first time since June 2018. This move was followed by a sharp downside move.

On a non-market related basis, Ethereum is preparing to launch a long-delayed upgrade to its underlying network called Ethereum 2.0. This will apparently make the network both faster and more secure.

One of the main problems with the Ethereum blockchain is scalability. It is being said that the planned upgrade could allow thousands more transactions to be executed every second. To put into perspective, there was a game called CryptoKitties back in 2017 which caused heavy congestion for the network and slowed trade down dramatically.

Could Ethereum ever take Bitcoin’s place in the top spot?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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