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Ethereum has risen sharply after the founder of the cryptocurrency Vitalik Buterin reported that a transition to the so-called pole test is & nbsp; "not so far," the completion of a strong week for ethereum started with the US bank JP Morgan Chase has revealed that he has created a business version of the blockchain ethereum.
Speaking to & nbsp; a conference in Prague, Buterin outlined the path to ethereum 2.0, which now calls & nbsp; Serenity, and is designed to solve the scalability problems of & nbsp; of ethereum & nbsp;– something that has created challenges for many of the major cryptocurrencies. & Nbsp;
The ethereum price has risen by 4% in the last 24 hours, adding about 8% in the last week to trade yesterday for $ 210.
Founder of Ethereum Vitalik Buterin during TechCrunch Disrupt London 2015. (Photo by John Phillips / Getty Images for TechCrunch)
Currently Ethereum handles about 15 transactions per second, but this could be increased many times in & nbsp; under & nbsp;proof-of-quota.
Ethereum currently works on a work test algorithm, which is processing a huge expenditure of energy & nbsp; and it becomes even more as the system develops. The new system will mean more tokens owned by a knot, the greater the chances of winning the race to check the next block.
However, Buterin was not specific about when the game test will change.
"The launch is basically the milestone we've all been waiting for, so we've been working for the last 4-5 years and a milestone that's not so far away," Buterin told DevCon 4 conference attendees.
The weekend's push for the price of ethereum follows a strong week for the exchangeable token of the ether, the ether.
The price of ethereum rose on Buterin's comments yesterday.CoinDesk
At the start of last week, JP Morgan revealed that it had created a business version of the blockchain ethereum – known as Quorum – that allows for the execution of smart contracts.
"We are great believers in ethereum," Umar Farooq, head of JP Morgan's blockchain initiatives in New York he told the Financial Review.
"There are people outside our company who use the Quorum to symbolize gold, for example. & Nbsp; wrap a gold bar in an electronically labeled tamper-proof case and can trace the bar of gold from the mine to the final point – with the use case, if you know it's a socially responsible mine, someone will be willing to pay a higher spread on that gold against if you do not know from where comes Diamonds is another example. "
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Ethereum has risen sharply after the founder of the cryptocurrency Vitalik Buterin has signaled that the transition to the so-called stake test is "not so far", exceeding a week strong for ethereum started with the US bank JP Morgan Chase that reveals to have created a business version of the blockchain ethereum.
Speaking at a conference in Prague, Buterin outlined the path to ethereum 2.0, which he now calls Serenity, and is designed to solve the scalability problems of ethereum – something that has created challenges for many important cryptocurrencies.
The ethereum price has risen by 4% in the last 24 hours, adding about 8% in the last week to trade yesterday for $ 210.
Founder of Ethereum Vitalik Buterin during TechCrunch Disrupt London 2015. (Photo by John Phillips / Getty Images for TechCrunch)
Currently, Ethereum handles about 15 transactions per second, but this could be increased many times proof-of-quota.
Currently, Ethereum works on a work-proof algorithm, which is processing high energy consumption and becomes more important as the system develops. The new system will mean more tokens owned by a knot, the greater the chances of winning the race to check the next block.
However, Buterin was not specific about when the game test will change.
"The launch is basically the milestone we've all been waiting for, so we've been working for the last 4-5 years and a milestone that is not that far away," Buterin told DevCon 4 conference attendees.
The weekend's push for the price of ethereum follows a strong week for the exchangeable token of the ether, the ether.
The price of ethereum rose on Buterin's comments yesterday.CoinDesk
At the start of last week, JP Morgan revealed that it had created a business version of the blockchain ethereum – known as Quorum – that allows for the execution of smart contracts.
"We are great believers in ethereum," Umar Farooq, head of JP Morgan's blockchain initiatives in New York, told Financial Review.
"There are people outside our company who use the Quorum to symbolize gold, for example: they wrap a gold bar in an electronically labeled tamper proof case and can trace the bar. Gold from the mine to the final point – with the use case, if you know it's a socially responsible mine, someone will be willing to pay a bigger spread on that gold against if you do not know where it came from. another example. "
