This week is also proving very successful for the second largest digital currency, ether. In the morning hours between 3 and 4 o’clock the ether even reached a value of 106 US dollars.
The Bitcoin news of digital currencies
Probably more people know Bitcoin news, but Ethereum should be familiar to most people by now. Ethereum’s token is called Ether, ETH for short. Ethereum is a decentralized blockchain on which smart contracts can be executed. These Smart Contracts are decentralized programs and cover everything we somehow associate with the future: decentralized autonomous organizations (DAO), decentralized management of entire cities, new coins (indeed, Ethereum is also the basis for creating new coins on them) and much more Bitcoin news … As we can see, 7 of the Top 10 CryptoAssets are on the Ethereum platform. Anyone can design their own digital currency, with Ethereum it will work like child’s play in the future.
Share price development
The price of ether fluctuated within the last year. After its launch, the price was below USD 1. After rising awareness, the price exploded in January and February 2016 and reached a value of 13 US dollars within this period.
In the summer of 2016, the DAO disaster occurred. A platform built on Ethereum, The DAO, contained bugs that allowed a hacker to extract funds from the DAO. The disaster led to the split of Ethereum ETH and Ethereum Classic ETC. After a long and quiet year, the Ether Prize hardly developed – until recently.
The increasing popularity through the series “Silicon Valley” and lectures at universities led to a renewed increase for the top 2 crypto currency.
Ether was traded on Polonix in the last 24 hours for 122 million US dollars. Prices of up to $106 are said to have been reached on Bithone and Coinone, which in turn had a trading volume of $65 million and $34 million respectively.
Bitcoin news Lecture in Toronto, Canada
In addition to the Bitcoin news, Ethereum now gets an Ethereum Domain System (ENS). We use Domain Name System without noticing it in everyday life. None of us enter Google’s IP address into the URL search bar, instead we write “www.google.de” – an enormous relief.
Exactly this relief is now introduced in Ethereum by the ENS. Complicated and long addresses can be abbreviated by short names like “alice.wallet.eth”.
BTC-ECHO also asked Ethereum developer Fabian Vogelsteller at CeBIT about the new Ethereum upgrade. Ethereum itself has drawn up a plan. This plan consists of its own phases, the first two of which have already been implemented (Frontier and Homestead). It is expected that the next step will not be too long in coming.
At editorial time, the Ether price is 99.89 US dollar/ether.