Ether Outshines Bitcoin as Major Upgrade Approaches.

1 min read
Source: CNBC
Ether Outshines Bitcoin as Major Upgrade Approaches.
Photo: CNBC
TL;DR

Ethereum's ether has surged to a nine-month high ahead of a major network upgrade called "Shapella," which will allow owners of ether to withdraw their assets. The upgrade is expected to make the digital currency a more profitable long-term investment. The recent rally has followed a similar pattern to past bouts of enthusiasm surrounding network upgrades. In September, ethereum ran up ahead of a historic transition to a more energy-efficient way of securing the network, called proof-of-stake.

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