Being second largest cryptocurrency by market-cap the native currency of ethereum network ETH is the most popular crypto after BTC.
2019 was a disappointing year for Eth as for any other crypto project.In this blog I will cover the events of ethereum in 2020.Launched in 2015, Ethereum is the well established open-ended decentralized software platform which allows decentralized applications to be built and run with no fraud, and interference from third party platform.It is the major source of interest for investor since its launching thats the reason behind its whooping market cap of 23.2 billions dollar.
At the time of writing Eth is trading at the price of 210 $ with more than 13 billion $ daily volume。
Ethereum is planned to transit to proof-of -stake from proof-of work concensus mechanism on 30 june 2020 according to developers however some experts believe the Ethereum 2.0 PoS transition might get delayed until 2021.Named as Phase Zero, the shift toward Ethereum 2.0 is one of the most awaited events by the crypto enthusiasts as it is supposed to transform the Ethereum network by leaps and bounds.
The number of on-chain transactions in 2020 has increased to around 850,000 per day over the past few months, with an average block time of 13.33 seconds, which is one of the fastest in ETH history.
ErisX, a crypto trading exchange recently launched Eth future trading in US this news come after the exchange get digital currency licence from New York financial regulators.