Ethereum (ETH) Price Marks a Slight Increase as First Release of Casper Goes Live


Ethereum’s long-awaited Casper update seems to be making strides as a newer version of the code has been released by the developers earlier this week. The price seems to have reacted, marking a slight increase.
At press time, ETH was trading for $761.86 which is roughly a 2% price increase over the past 24 hours according to CoinMarketCap. The slight price improvement could be attributed to the news that the first version of the planned Casper update was released on Tuesday, May 8th.

Ethereum’s Scalability Issues
It goes without saying that Ethereum has managed to establish itself as the predominant platform for the development of Decentralized Applications (DApps). Nevertheless, scalability issues have pushed developers towards identifying appropriate alternatives, choosing platforms such as Stellar or NEO.
The Ethereum blockchain is currently using the Proof of Work (PoW) consensus algorithm. It requires a substantial amount of computational power to boast satisfying performance. It can currently process between 7 to 15 transactions per second, which is quite low.  NEO’s transaction speed, for example, is a much faster 1,000 TPS.
To their credit, Ethereum’s development team hasn’t shied away from the problem. Addressed through an update known as Casper …

Read more –> click here all content is copyright Bitcoinist.

Need Bitcoin marketing and PR? Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin or cryptocurrency press release CLICK HERE..

Powered by ABITCO.IN

Dave Seer

My name is Dave Seer and I'm an expert about bit coin cryptovalute criptomoney etc.

%d bloggers like this: