Coinbase adds \’ETH2\’ despite tomorrow\’s Ethereum upgrade postponing difficulty bomb

Coinbase adds \'ETH2\' despite tomorrow\'s Ethereum upgrade postponing difficulty bomb
© Reuters.

Cryptocurrency exchange Coinbase (NASDAQ:COIN) has added a mirrored version of the Ethereum blockchain\’s native token Ether (ETH) to its crypto price index, just ahead of a key network upgrade on Dec. 10.

Dubbed \”ETH2,\” the symbol appeared to have been tracking the original Ether market data synchronously. For instance, the cost to purchase ETH2 came out to be the same as that for ETH. Meanwhile, their market capitalization, volume, circulating supply and price changes were also identical.

ETH vs ETH2.0 market data. Source: Coinbase
Beacon Chain and Sharding. Source: Vitalik.ca
The balance of the Ethereum 2.0 deposit contract divided by the total ETH supply. Source: CryptoQuant

Continue Reading on Coin Telegraph

Related posts