Vitalik Buterin: Ethereum STAKING PUSH TO $8000 HUGE ETHEREUM 2.0 NEWS, PRICE PREDICTION

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Vitalik Buterin Live Interview: We Expect $8,000 per Ethereum in the end of 2021!

An upcoming upgrade on the Ethereum network has helped the cryptocurrency outperform Bitcoin in the latest week, despite the launch of the first Bitcoin Futures ETF on October 19th.

On Wednesday, the Ethereum developers are set to undertake the Altair upgrade which is another step in helping the cryptocurrency transition away from proof-of-work towards proof-of-stake when Ethereum 2.0 is up and running. Currently, Ethereum is a proof-of-work network, meaning miners are used to process transactions on the blockchain.

Ethereum 2.0 is expected to fully launch next year.

Proof-of-work is a power-intensive method of validation due to the large-sized computing power required to run the calculations.