Should you buy Ethereum (ETH) after its latest testnet launch?

Should you buy Ethereum (ETH) after its latest testnet launch?
фото показано с : invezz.com

2021-12-22 17:50

Ethereum ETH/USD is a blockchain network that’s fully decentralized and open-sourced and enables smart contract functionality.

For the past few months, there has been a lot of activity towards the push to Ethereum 2.0, where the blockchain will switch from the current Proof-of-Work (PoW) consensus to Proof-of-Stake (PoS).

The Kintsugi testnet as a catalyst for growth 

On December 15, we went over Ethereum’s largest contract, which holds $33.5 billion in ETH.

Ethereum development teams have been working hard towards preparation for Ethereum 2.0, which will be the Proof-of-Stake (PoS) transition for Ethereum which will make its transactions quicker, cheaper, and a lot more energy-efficient. 

The Ethereum developers released several testnets to experiment with the merge in the past, but they were short-lived.

This Kintsugi testnet is a testnet intended to last a lot longer and is one of the first steps before Ethereum 2.0 is fully functional.

While Ethereum 2.0 isn’t really ready yet, the first major testnet for it has been completed and provides the public with a look at how the network might function in the near future.

In an official statement by Tim Beiko, who is responsible for the coordination of Ethereum core developers, we saw the announcement of the Kintsugi Merge Testnet.

He claimed that over the past few months, client teams have been working to implement a new set of merge milestones, and all of that effort has resulted in this Kintsugi testnet.

All of this has the potential to increase the value of the ETH token.

Should you buy Ethereum (ETH)?

On December 21, Ethereum (ETH) had a value of $4,020.10.

To see what this value point means for the Ethereum (ETH) token, we will go over its all-time high-value point as well as its performance in November.

The all-time high value of the Ethereum token was on November 10, when it reached a value of $4,878.26. 

Its lowest point of value in November was on November 18, when the token decreased in value to $3,987.64.

Here, we can see that from November 10 to November 18, the ETH token decreased in value by 890.62, which is an 18% decrease in value.

However, from November 18 to December 21, the token increased in value by $32.46.

According to data from IntoTheBlock, Ethereum (ETH) saw $61.49 billion in transactions greater than $100,000 within the last seven days.

Furthermore, Ethereum (ETH), within the last seven days, also saw $10 billion in total exchanges inflows, as well as $9.43 billion in total exchanges outflows.

Based on that information, Ethereum (ETH) has the potential to increase in value to $4,100 by the end of January 2022.

The post Should you buy Ethereum (ETH) after its latest testnet launch? appeared first on Invezz.

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Ethereum (ETH) на Currencies.ru

$ 2292.02 (+0.01%)
Объем 24H $12.896b
Изменеия 24h: -0.31 %, 7d: -1.32 %
Cегодня L: $2282.53 - H: $2295.94
Капитализация $276.62b Rank 2
Цена в час новости $ 3948.78 (-41.96%)

ethereum eth past months contract functionality towards

Источник: invezz.com

ethereum eth → Результатов: 126


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