Major Ethereum Upgrade The Key Points to Remember
Ethereum has had the week from hell. Despite solid fundamentals and a growing decentralized finance ecosystem, the world’s second largest crypto asset has dumped 20% since Monday. A major upgrade is imminent for the ETH network but can it revive prices?
Ethereum holders will not be affected but exchanges and third part wallets may require some additional action according to the article. There will be further hard forks after Istanbul in the run up to Serenity which will begin with the rollout of Beacon Chain. This is a Proof of Stake blockchain which marks the execution of the long-planned switched from PoW to PoS consensus mechanism. The roadmap has been simplified in this video.
Ethereum (ETH) 2.0 Serenity PoS Upgrade: Details, Release Dates & Roadmap
Ethereum Flips Itself
The Ethereum blockchain has a vibrant and active token economy which is clearly growing as this trend indicates. The report added that ‘Ethereum’s native token has passed on the torch to assets with greater transaction utility than its own.’
This could leave ETH investors scratching their heads wondering where the next price action momentum is coming from. If Ethereum is not being used for transactions, where is the utility coming from?
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