Ethereum 2.0 the upgrade version

Ethereum 2.0 was expected to be developed within 16 months of the launch of the Ethereum network, which was in 2015. As time went on, it faltered a bit. More than 4 years later, it still hasn't appeared. However, after many false starts and delays, is Ethereum's upgrade finally moving closer to deployment?



On August 4, Ethereum Foundation 2.0 announced that Medalla, the final and official public testnet, had gone live. The launch of the 2.0 network is now tentatively slated for the end of the year. They say good things come to those who wait, but what is Ethereum 2.0 and why should you care? Let's take a look at the changes we can expect.

Ethereum 2.0 has been hailed as the most ambitious upgrade the cryptocurrency world has ever seen. A blockchain of Reuther's significant size and value has never attempted to transfer all users and assets to a completely new decentralized network, while keeping all the functionality of the old network active and running.

While, in the near future, few effects will be felt for Ethereum developers and DApps devs, the final phase of development for Ethereum 2.0 is centred around the creation of a separate proof-of-stake blockchain network called the beacon chain.
Ethereum as we know it will eventually be integrated into the Ethereum 2.0 upgrade in its entirety.

Ethereum is also advancing while Bitcoin creeps at $17k

At the time of writing, Bitcoin is trading at $16,847, adding 2.31% to its price since yesterday. Ethereum is also bullish out of the gates this morning, trading up 4.40% to $1,265. This means that Ethereum is trading 8.4% higher than this time last week.

Trading speed in third-generation crypto markets appears to have slowed slightly, with Cardano flat at $0.3141 and Solana down 0.21%, at $13.67.

As for the broader market, all eyes today are on Fed Chairman Jerome Powell. Investors will be listening closely for any indication of future rate hikes in Powell's address on the outlook for the US economy.

 Crypto Market Cap Total

The total market cap of the entire cryptocurrency market at the time of writing is currently $853.169 billion

Volume of Bitcoin

The total spot trading volume reported by all exchanges in the last 24 hours was $25.050 billion. High levels may indicate that a significant price move has strong support and is likely to last

Volatility

Bitcoin's price volatility over the past 30 days is 52.51%

Relative Strength Index 

The daily RSI is currently at 41.67. Values ​​of 70 or higher indicate an asset is overbought and may be primed for a trend reversal or experiencing a correction in price – an RSI reading of 30 or lower indicates an oversold or undervalued position.