Ethereum Now Second Biggest Cryptocurrency as Market Cap Reaches $200m

It seems that investors are really buying the hype that Ethereum is cryptocurrency 2.0 and Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term 3.0, quickly propelling Ether to the position of second biggest cryptocurrency by market capitalization, passing Ripple and now trailing only bitcoin itself.

The total market cap of Ethereum’s cryptocurrency just about doubled over the past week, reaching $200 million for the first time after only crossing past $100 million last Monday. The price jumped about 25% in the last twenty-four hours alone to above 0.0066 BTC ($2.60). Fueling the rise of Ethereum’s price were large trading volumes, about $11.6 million in the last twenty-four hours - a fifth of bitcoin’s daily trading volume ($54.5m ADV).

If you still don't know Ethereum, its a decentralized smart contracts platform which proponents see as much more than just a cryptocurrency system as per the original idea of Satoshi Nakamoto Satoshi Nakamoto “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi Read this Term. It is instead referred to as a better replacement to the internet or a “planetary scale computer” that can handle everything from secure communication and e-commerce, to digital governance, the internet of things and much much more.

One possible reason for the increased trading volume and price of Ether is online rumors that a big Chinese cryptocurrency exchange is about to add it to its roster. Another factor which we wrote before as likely to have brought more investors' attention is its recent integration with the mainstream financial system. Just last Wednesday, eleven of the world’s biggest banks completed an experiment which connected them on a managed private peer-to-peer distributed ledger, underpinned by Ethereum technology.