{"id":45220,"date":"2019-06-16T05:57:45","date_gmt":"2019-06-16T03:57:45","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=45220"},"modified":"2020-02-19T01:26:55","modified_gmt":"2020-02-18T23:26:55","slug":"ethereum-update-amazon-purchases-60-growth-eth-2-by-early-2020","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/ethereum-update-amazon-purchases-60-growth-eth-2-by-early-2020\/","title":{"rendered":"Ethereum Update: Amazon Purchases in The Radar, +60% Growth this Month, ETH 2.0 by Early 2020s"},"content":{"rendered":"\n

Ethereum is having a very positive week, not only in terms of prices but also in terms of usability and technological evolution.<\/p>\n\n\n\n

Ether (ETH) Looking Good On Charts<\/h3>\n\n\n\n

Ether (ETH) \u2014the blockchain’s native cryptocurrency\u2014 is having a phenomenal performance so far in June. An increase of 63% following the trend established by Bitcoin (BTC) has caused the token to reach 270$.<\/p>\n\n\n\n

\"Ethereum<\/a>
Courtesy: Coinlib<\/figcaption><\/figure>\n\n\n\n

The token’s behavior follows the bullish trend that began last May, after a correction experienced at the beginnings of June due to the sharp fall of Bitcoin (BTC) prices \u2014attributed by several analysts to a practice of price manipulation.<\/a><\/p>\n\n\n\n

However, after approaching $226,\nETH managed to recover, starting again a strong escalation replicated by other\ncryptocurrencies.<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n

The Heikin Ashi candles allow reducing the “noise” in the graphs, showing a clear bullish trend after reaching the lowest prices of the month. This trend is confirmed by nice MACD that shows a possible end of the correction and an optimistic future for the Ethereum Market.<\/p>\n\n\n\n

Ethereum 2.0 to be Launched on\nthe 3rd of January 2020<\/h3>\n\n\n\n

According to information by Trust Nodes<\/a>, the Ethereum development team has already set a date for the release of the long-awaited Ethereum 2.0<\/a>: January 3, 2020.<\/p>\n\n\n\n

\"\"<\/a>
Vitalik Buterin Speaking about Ethereum 2.0 at San Francisco<\/figcaption><\/figure><\/div>\n\n\n\n

Justin Drake \u2013one of the developers\u2013 said they chose that date for several reasons, one of which was that they wanted to honor the launch of the Bitcoin (BTC) genesis block on January 3, 2009.<\/p>\n\n\n\n

The evolution of Ethereum has several characteristics, however the most important is the migration from a PoW algorithm to a brand new Proof of Stake alg. With this, the blockchain would be more effective, resource efficient and more resistant to possible 51% attacks \u2014 at least theoretically.<\/p>\n\n\n\n

The “transition” process could start between October 8th and 11th of this year at Devcon<\/a>, although there are already some Ethereum 2.0 clients<\/a> running testnet. <\/p>\n\n\n\n

As reported by Crypto Crimson<\/a>, it is expected that once implemented -and with all parallel developments fully operational- Ethereum will be able to support about 1 million transactions per second.<\/p>\n\n\n\n

Using Ethereum (ETH) for Amazon Purchases Will be Possible Thanks to a Partnership Between CLIC Technology and Opporty<\/h2>\n\n\n\n

An official press release shared <\/a>by CLIC Technology revealed that they partnered with Opporty to work on the development of a browser extension “which will revolutionize the e-commerce industry, allowing consumers to make everyday purchases on Amazon using the open source, public, blockchain-based distributed computing platform Ethereum.<\/p>\n\n\n\n

Roman Bond, CEO at CLIC\nTechnology shared his enthusiasm at the possibility of promoting the e-commerce\nmarketplace and the adoption of cryptocurrencies:<\/p>\n\n\n\n

“Bringing cryptocurrency to the e-commerce marketplace is the merging of two next-generation industries … We’re excited to be working on this project with Opporty, and to move forward on a number of other ambitious projects with them as well.<\/p><\/blockquote>\n\n\n\n

As reported <\/a>by Ethereum World News; last month, the tech startup Moon announced the development of an extension that allows payments on Amazon with Bitcoin (BTC) through Lightning Network. <\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum is having a very positive week, not only in terms of prices but also in terms of usability and technological evolution. Ether (ETH) Looking Good On Charts Ether (ETH) \u2014the blockchain’s native cryptocurrency\u2014 is having a phenomenal performance so far in June. An increase of 63% following the trend established by Bitcoin (BTC) has caused the token to reach 270$. The token’s behavior follows the bullish trend that began last May, after a correction experienced at the beginnings of […]<\/p>\n","protected":false},"author":26,"featured_media":6194,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[823],"tags":[123,1465,1322,1898,213],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/45220"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=45220"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/45220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/6194"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=45220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=45220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=45220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}