Ethereum - more and more applications across a broad range of services and industries!
Ether (ETH) is the second-largest cryptocurrency by market value, it is a decentralized open source blockchain featuring smart contract functionality. The demand on the Ethereum network has surged in recent months resulting in it slowing to a crawl as transaction fees skyrocket.
There are some good news though: layer 2 scaling developers at the Plasma Group have recently announced the launch of their Optimistic Ethereum testnet, which will be deployed on projects to test much needed scaling solutions. Essentially, Layer 2 scaling involves taking work off the root chain to process data and transactions faster.
Another good news came on Sunday last week: in a press statement issued Sunday, EY (or Ernst & Young) said its OpsChain Network Procurement platform is designed to enable companies to run private end-to-end procurement activities. The platform utilizes open-source software including the Microsoft-backed Baseline Protocol and operates on the public Ethereum blockchain.The product is designed to support enterprise networks, allowing buyers and sellers to operate as networks, while automatically tracking volumes and spend, and utilizing agreed terms and pricing.
We predict that the current price is a perfect opportunity to grab some ETH, and keep it in your portfolio for a longer run!
Ether (ETH) is the second-largest cryptocurrency by market value, it is a decentralized open source blockchain featuring smart contract functionality. The demand on the Ethereum network has surged in recent months resulting in it slowing to a crawl as transaction fees skyrocket.
There are some good news though: layer 2 scaling developers at the Plasma Group have recently announced the launch of their Optimistic Ethereum testnet, which will be deployed on projects to test much needed scaling solutions. Essentially, Layer 2 scaling involves taking work off the root chain to process data and transactions faster.
Another good news came on Sunday last week: in a press statement issued Sunday, EY (or Ernst & Young) said its OpsChain Network Procurement platform is designed to enable companies to run private end-to-end procurement activities. The platform utilizes open-source software including the Microsoft-backed Baseline Protocol and operates on the public Ethereum blockchain.The product is designed to support enterprise networks, allowing buyers and sellers to operate as networks, while automatically tracking volumes and spend, and utilizing agreed terms and pricing.
We predict that the current price is a perfect opportunity to grab some ETH, and keep it in your portfolio for a longer run!