Ethereum (ETH) Continues to Hold Distance from Ripple’s XRP by Market Cap
January 5th, 2018 – Ethereum (ETH), the second largest digital coin by market capitalization continues to showcase strong community support for the upcoming hard fork as its value presents staying in the green for a longer period of time comparing to the other leading cryptocurrencies.
The being tested $160.00 level has not been touched by the pair ETH/USD since mid-November when the violent market sell-off took place during the infamous hashwars.
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Together with Litecoin’s LTC/USD 10.15% gain, TRON TRX/USD 4.94% – ETH/USD 3.58% is leading the recovery momentum which failed two-three days ago when Bitcoin BTC could not make it above $4000.00.
Its two billion market cap difference with the speedy and 2018 rival XRP stays put as the third largest cryptocoin battles sellers to not drop below $0.3500.
The Constantinople hard fork is a blockchain upgrade that will implement five improvement protocols into Ethereum’s blockchain. Four are focusing on short-term scaling, while the other is centered around reducing Ether issuance from three ETH to two ETH a block. [Read]
According to a video posted online by the Ethereum foundation, the ETH dev team has seemingly come to a consensus in regards to the implementation of its new proof-of-work (PoW) algorithm.
Martin Holst Swende – top of Security:
“Our Current PoW algorithm, Ethash, has flaws which are currently being targeted, that’s why I would like to switch as soon as possible to give us time to move to proof-of-stake.”