ETH Pumps the Gas

8 Mar, 2021 CryptoParrot

After playing second fiddle to Bitcoin's price and market share for years, Ethereum is planning swings to earn the confidence and profitability of the King of Crypto. But will it be enough to challenge the #1 spot?  

After DeFi went all out on crypto investments in 2020, ETH has remained in the second spot in the crypto world. Not only DeFi, but the clash between gamers and miners due to the ATH prices it has reached and the profitability of its native token Ether had made the asset a part of the crypto buzz across social media.  

The next step for ETH is its plans to take a bigger slice of the market by improving its infrastructure. The new update made by Ethereum's developers will erase one of the token's most prominent issues. Named EI 1559, the update will lock Ether as the only cryptocurrency to be given as a reward for miners - erasing a potentially dangerous loophole that paid miners with other cryptos. Not only that, the update will fix costs of transactions in the blockchain, by erasing some Ether from the network and potentially increasing prices for each ETH.  

Do you think it will be enough to make Ethereum more present in crypto?  

 

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CryptoParrot

Crypto Parrot Community Mgr - Here to help answer questions, fix things & help out when needed. Got feedback? Send those bad boys here: [email protected]

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