What’s In The Pipeline For Ethereum? Amazon Purchases & Ethereum 2.0

What’s In The Pipeline For Ethereum? Amazon Purchases & Ethereum 2.0

June’s performance has been looking very bullish for cryptocurrencies so far. Ethereum is one of the currencies that is doing especially well with the toke reaching a decent price of $270 at the time of writing.

The token’s behaviour follows the bullish trend that started in May last year following a correction due to a sharp drop in Bitcoin prices, attributed by numerous analysts to a practice of price manipulation.

But after approaching the $230 range, Ethereum was able to recover and start a strong escalation once again which was copied by other digital assets.

As reported by Ethereum World News:

“The Heikin Ashi candles allow reducing the “noise” [and show] a clear bullish trend after reaching the lowest prices of the month. This trend is confirmed by nice MACD that shows a possible end of the correction and an optimistic future for the Ethereum Market.”

Ethereum 2.0

The development team at Ethereum has already set a date for the release of the eagerly anticipated Ethereum 2.0 in January next year.

One of the project developers, Justin Drake said they have chosen January 3rd specifically for the release because they wanted to make a little nod to the launch of Bitcoin genesis block on January 3rd 2009.

“The evolution of Ethereum has several characteristics, however the most important is the migration from a PoW algorithm to a brand new Proof of Stake alg. With this, the blockchain would be more effective, resource efficient and more resistant to possible 51% attacks — at least theoretically.”

Amazon & Ethereum

According to an official press release by CLIC Technology they have revealed they have teamed up with Opporty to work on the development of a browser extension, “which will revolutionize the e-commerce industry, allowing consumers to make everyday purchases on Amazon using the open source, public, blockchain-based distributed computing platform Ethereum.”

CEO at CLIC Technology, Roman Bond shared his enthusiasm for the adoption this could bring saying:

“Bringing cryptocurrency to the e-commerce marketplace is the merging of two next-generation industries … We’re excited to be working on this project with Opporty, and to move forward on a number of other ambitious projects with them as well.”

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