Ethereum`s price has jumped from around $75-$80 to almost $90 with a market cap of more than $8 billion. Google searches for ethereum have also hit
Ethereum`s price has jumped from around $75-$80 to almost $90 with a market cap of more than $8 billion.
Google searches for ethereum have also hit an all-time high, nearly doubling in just one week. In terms of countries, Switzerland and Venezuela showed the biggest interest towards the cryptocurrency. Perhaps, it`s not surprising since the Ethereum Foundation is based in Switzerland.
Other countries like Netherlands are also turning towards the blockchain technology. The Netherlands and Germany are joining forces with TenneT, Sonnen, Vandebron and IBM to develop blockchain for managing the electricity grid in the two countries. The project has been said to be based on Hyperledger, said a press release published on tennet.eu.
“These pilot projects are part of TenneT’s broader strategy of preparing the electricity system to accommodate the growing volume of renewable energy”, as TenneT CEO Mel Kroon explained.
It is speculated that the rising ethereum prices may be dangerous. The currency is to undergo some upgrades like Proof of Stake that is the biggest among them.
“Some worry that this price appreciation might be giving miners too much power and that as the community grows upgrades becomes more difficult. Vlad Zamfir, an ethereum developer, has therefore suggested a decrease of block rewards to reduce miner’s incomes.”, according to a report in cryptocoinnews.com.
On the other hand, Ethereum has a clear roadmap to which users have agreed. Therefore, some opinionate that the claimed fear of miners is unfounded.
The fact is that Ethereum`s price has hit a new all-time high. Time will show, if their roadmap will change in the future.