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Really? Ethereum '2.0' September notice for 12% ↑

As the '2.0' update, which converted Ethereum's consensus algorithm from work proof (POW) to POS, was announced again on September 19, the market price soared 12%.

ETHEREUM

According to a number of blockchain media such as The Defian and Declip, the Ethereum Foundation's conference call was held on the 14th, and the anticipation of the 2.0 update was expected. It is about a month later than August, when Ethereum developer Vitalik Buterin mentioned in May.

On the 15th, Ethereum Beacon Chain (POS Chain) community manager Superphiz unveiled the Ethereum update schedule on Twitter. However, he mentioned that it was not the final one, but a plan.

Ethereum began running beacon chain in December 2020 and is pursuing POS. In the process, I have been postponed several times and have been postponing the expected change of time several times.

Ethereum prices soared as news of the Ethereum 2.0 update was close. According to the global cryptocurrency average price aggregate site coin market cap, Ethereum quotes rose about 12% over the last 24 hours, reaching $ 1,360. Bitcoin prices, other major cryptocurrencies, rose about 3%, compared to the same.

If Ethereum is updated to POS-based 2.0, the expectation that it will be adopted by more companies and institutions seems to drive the market price increase.

According to the 2.0 update, POS, which will be introduced into Ethereum, is expected to reduce power wasted compared to POW, which is accompanied by cryptocurrency mining, and prevent the possibility of any influence on the network of mining forces. It is expected to increase competitiveness in terms of transaction processing speed and fee.

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