Ethereum, the second-largest cryptocurrency by market capitalization, is up over 13 percent in the last 24 hours. The price of ETH surged after Coinbase, the largest US-based cryptocurrency exchange, announced that it would list Ethereum on its Pro platform.
This is a bullish development for Ethereum and could lead to further price gains in the near-term.
Coinbase’s announcement comes just days after it was revealed that Ethereum’s co-founder Vitalik Buterin had joined the exchange’s board of directors. This gives Coinbase even more credibility in the eyes of crypto investors.
NOTE: WARNING: Investing in cryptocurrencies, including Ethereum, is a high-risk investment. The market is highly volatile and can change quickly without warning. You could potentially lose all of your investment. Before investing in Ethereum, you should carefully research the cryptocurrency and understand the risks associated with it.
The listing of Ethereum on Coinbase Pro will initially be available only to customers in the US, UK, Canada, Singapore, and Europe. However, the exchange plans to roll out support for more countries in the coming weeks.
Trading on Coinbase Pro will start with a “transfer-only” phase, allowing users to move ETH into their Coinbase Pro account. Trading will then begin in phases, with limit orders being introduced first followed by market orders.
This is a major development for Ethereum and could lead to a significant increase in its price in the near future.
10 Related Question Answers Found
The past year has been a wild ride for Ethereum. The price of ETH surged from around $100 in early 2017 to an all-time high of over $1,400 in January 2018. Since then, the price has dropped back down to around $700 as of June 2018.
When it comes to cryptocurrency, there is a lot of debate surrounding the topic of what exactly constitutes a “shitcoin.” For the most part, a shitcoin is considered to be a coin that has no real use case or purpose and is simply created as a way to make money for its creators. Ethereum, on the other hand, is a coin with a very specific purpose – to provide a decentralized platform for smart contracts and dApps. So, is Ethereum a shitcoin?.
When it comes to cryptocurrency, there is always a lot of speculation about which one is the next big thing. Right now, the hot topic is Ethereum and whether or not its bull run is over. What is Ethereum?
The Ethereum bull run may be over for now, but that doesn’t mean the popular cryptocurrency is going away anytime soon. In fact, Ethereum has been one of the most resilient cryptocurrencies during this bear market, with its price only falling a fraction of what Bitcoin has. So, what caused the Ethereum bull run to end?
Ethereum, the world’s second-largest cryptocurrency by market capitalization, is an open-source, decentralized platform that runs smart contracts. These apps run exactly as programmed without any possibility of fraud or third party interference. The Ethereum network went live on July 30th, 2015 with 72 million ETH pre-mined.
Sharding on Ethereum is a process of scaling the Ethereum network by breaking it up into smaller pieces, called shards. Each shard contains its own blockchain, and transactions are processed in parallel on all shards. This allows the network to process more transactions per second and reduces the amount of data that each node needs to store.
In recent months, Ethereum has seen a tremendous amount of growth. This has led some to believe that Ethereum is due for a crash. However, there are several reasons why this is unlikely to happen.
The rise of Ethereum has been nothing short of meteoric. In the space of just a few years, it has gone from being a little-known cryptocurrency to one of the most talked-about assets in the world. And, as Ethereum’s price continues to surge, many are wondering if we are in the midst of a “bull run”.
Sharding is a process of horizontal partitioning of data in a database. It is a form of database partitioning that separates very large databases the into smaller, faster, more easily managed parts called shards. Each shard is a separate database, and each database has its own set of tables. .
Since Ethereum’s Byzantium hard fork, the network has seen an influx of new users and transactions. This has caused some congestion, with transaction times and fees rising. However, the network is still functioning and is working to scale to meet the demand.
