Ethereum this month has shown a staggering 43.48% growth, +30.18% last week alone. It's all about DeFi, because the upcoming update of the mainnet Eth implies a transition to the PoS (Proof-of-Stake) consensus mechanism. Will the growth of ETH continue and what this transition means for miners? Let’s review in this article.

As the top two cryptocurrencies on the market Bitcoin and Ethereum are attracting a lot of interest and buyers. Logic would suggest that as the top currencies they are the ones to invest in and that either one is a sound investment. However, with a closer look, you will find these are very different currencies. 

The capitalization of ETH, the second most popular cryptocurrency and main altcoin, reached 10.4% of the total cryptocurrency market capitalization for the first time since July 2019.

Ethereum was called the second generation cryptocurrency due to the ability to create dapps and smart contracts. But low scalability is an obstacle to the global implementation of this platform. As a result, Ethereum began to lose the battle over the number of transactions to more modern and scalable blockchain platforms.

The brainchild of Vitalik Buterin has taken second place in the global ranking of cryptocurrencies for many years in a row, but recently media often writes that Ethereum has many problems that the development team can not solve. In this article, we will talk about the main problems of the project, its competitors and, of course, discuss the upcoming hard fork, which should take place very soon. So, first things first.

Binance analysts prevent that over time the platform will lose ground to competitors because of high commissions and transaction delays.

Global update of Ethereum cryptocurrency is scheduled for March 2021. But dates may change, said Ethereum researcher Justin Drake. Crypto-enthusiasts does not believe that this will be possible in the next two years.

The next major iteration of the ethereum blockchain – dubbed ethereum 2.0 – may see a partial launch as early as January 2020.

Bitwage, a startup that helps companies pay their employees in cryptocurrency, has added ether as a payroll option.

Enterprise Ethereum Alliance (EEA), the standards body seeking a common approach for businesses using ethereum’s code, has released a third version of its client specification, as well as updates on privacy and performance. Reported to CoinDesk.