“Ethereum’s never-ending supply was the least attractive part about it. Now, optimism is growing that the world’s most-used blockchain will see a major shift in retail and institutional buying.”
Justin d’Anethan, sales manager at cryptocurrency exchange Equos, told Insider changes to the Ethereum network should “not only make the blockchain more eco-friendly” by making transactions more efficient, “but should also make it more scalable.”
He added: “Add to this fewer coins in circulation, and you have a recipe for explosive growth.”
Meanwhile, Rahul Pagidipati, chief executive officer at ZebPay, told Mint: “What the FM said is encouraging for the blockchain companies in the business. It may permit millions to work in this new industry. Experimentation, innovation, and create blockchain solutions to serve the greater good will be supported. We may one day look back at the FM’s thoughtful statement as a turning point.”
Surprisingly, Ether’s price gained 130% since the start of 2021. On Monday, the digital currency reached $1,734. Ethereum network’s Improvement Protocol-1559 launches by July or August and is part of “London hard fork” system improvements.
