The cryptocurrency industry, market and community are anticipating the “flipenning” or the possibility of Ethereum surpassing the market of Bitcoin. It is approximately $1Charlie Shrem, the COO of Jaxx, wrote:“ETH is rising because new users want to "get rich quick with ICO's". They don't care about the ETH price, and they arent holding. All the supply gets locked by the ICO's in the contract. They won't sell because the price is rising. Demand grows, supply is reduced.”0 bln away frohttp://cointelegraph.us3.list-manage.com/track/click?u=2c088712615955cd2f82aa968&id=350c717c6c&e=140f57b3ebm reaching the market of Bitcoin.
I wonder if the rise in price is due to the debate on bitcoin over scaling. I had a friend say it took 40 minutes to process a transaction.
The difference in the system would be that Ethereum’s data processing is much faster than Bitcoin, as Ethereum’s system automatically applies the terms and conditions of a contract once it has been agreed upon.
Everyone wants to get paid faster! That's a good thing I think.
40 minutes for a bitcoin transaction that is.
a month ago I was bringing bitcoin within 10-15 min
I'm very interested in seeing how this plays out over the next couple days.
If Ethereum can take advantage of its partnership with Toyota, it will be able to secure a massive user base and investors in Japan in the upcoming months.
meep