The past couple of weeks have not really been friendly to Ethereum (ETH) – the second largest digital currency in the world, its holders, and its community. The value of the coin plunged heavily; this caused fear, uncertainty, and doubt that made a lot of people to sell their coins rapidly. As smartereum.com reported, the digital currency even tested the low of $167, a level it hasn’t tested since September last year.
Vitalik Buterin Takes Drastic Measures
Vitalik Buterin – the creator of Ethereum (ETH) – has taken quick measures about the blockchain project and he has introduced Ethereum (ETH) 2.0 – a new version of Ethereum (ETH) with a lot of upgrades and improvements. Not long after Vitalik Buterin introduced the latest version Ethereum (ETH), he revealed a new official client of Ethereum 2.0.
Vitalik Buterin made the announcement on his official Twitter account. The new client of Vitalik Buterin’s Ethereum 2.0 is Lighthouse – an open source Ethereum (ETH) 2.0 client, written in Rustlighthouse.sigmaprime.io/update-00.html.
The project is known as Lighthouse, and it is specialized in sharding and Proof of Stake protocol, according to the article posted on the website of the firm. The firm said that the spec of Ethereum (ETH) 2.0 attracted their attention and they were confident that they would apply their resources to the project to help realize it.
Hopefully, the latest version of the blockchain project will boost the value of the digital currency as well as its adoption, one just has to watch and see. The value of the coin has been under severe pressure lately, and the interest of investors are gradually fading away.
Ethereum (ETH) Price Today – ETH / USD
Ethereum (ETH) is currently valued at $239 after an increase of about 6 percent over the past twenty-four hours. The digital currency currently boasts of a market cap of $24.42 billion and its trading volume over the past twenty-four hours is $2.73 billion.