Ethereum News

Ethereum reached its highest price in history


In the last 24 hours, the price of Ethereum was able to break its historical peak again by crossing $ 1,550 and set a new record.

To Report The Block, the price of Ethereum, is now trading in the $ 1,550 range after rising 10% in the last 24 hours. This is the second time in the past month that Ethereum prices have hit a new high.

Ethereum, with a market value of $ 176.5 billion, is the second largest digital currency market with a 15.9% dominance.

Ethereum price chart in the last 24 hours
Ethereum Price Chart

Experts say the release of the second version of Ethereum, called Ethereum 2.0, could push the price of the digital currency even higher. According to the developers of Ethereum 2.0, the new version will increase the scalability of the network; As a result of increasing scalability, commissions are lowered and transactions are approved faster.

So far, only phase zero of Ethereum 2.0 has been implemented. Phase zero is the first step in changing the consensus protocol from proof of work to proof of stock. By completely changing the protocol to stock proof, miners will give way to validators. Phase 1 of Ethereum 2.0 is rumored to be operational by 2022. It is worth noting that no new tokens will be created in Ethereum 2.0.

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