Ethereum’s price surge continued into today as the digital currency topped $700 to reach a high of $750 according to coinmarketcap.com. This brought Ethereum’s market capitalization to an astonishing $72.5 bln. However, as Bitcoin mounted a comeback, returning to near-record highs, Ethereum slipped. At press time, Ethereum was trading for $640.
The network’s transaction speed and fee normalisation seem to have influenced the prince increase. Co-founder Vitalik Buterin posted on Twitter Wednesday that the Ethereum network surpassed 10 transactions per second for an entire day on Tuesday.
Good news: we just surpassed 10 tx/sec for an entire day yesterday.https://t.co/axOWBAvO1x pic.twitter.com/xQBA2s1XOh
— Vitalik Buterin (@VitalikButerin) December 13, 2017
This has brought down unconfirmed, pending transactions considerably. Ethereum and Bitcoin in recent times have been experiencing huge numbers of pending transactions. According to Etherscan.io, Ethereum…