First it was the elections in the US that overshadowed the news that Ethereum 2.0’s deposit contract went live, and now it is the turn of Bitcoin - which is flirting with an all-time high that is threatening to dwarf the significance of Ethereum’s 2.0 deposit contract securing enough funds to launch.
Broadly speaking, this is also a very bullish development for all things DeFi, as the eventual transition to PoS, alongside additional upgrades, will enable greater network scaling and, with that, cheaper transactions and more efficient running of the network. The Ethereum Foundation had previously set a soft launch date for 1 December.
MVIS CryptoCompare Ethereum Index
10/31/2019-10/31/2020
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