Ether could challenge bitcoin as a store of value after major network upgrades, Saxo Bank says | Currency News | Financial and Business News

Bitcoin and ether are the two biggest cryptocurrencies.

Major upgrades to the ethereum network could help ether gain a reputation as a store of value, in a potential challenge to bitcoin, Danish investment bank Saxo has said.

Developers on the ethereum network have launched an update that will change the way transaction fees work.

After each transaction, part of the fee will be “burned”, destroying ether and limiting its supply. The changes, which are known as the “London…


Source link

About bitcoin

Check Also

Finder’s Ethereum Price Predictions Report

Finder’s Ethereum Price Predictions Report

Ether (ETH) could break US$2,400 in 2023, before ending the year at $2,184 …

Leave a Reply

Your email address will not be published. Required fields are marked *