Ethereum crashes new records in transactions, surpassing Bitcoin

Despite Bitcoin's popularity, Ethereum is more than a good fighter in the crypto currency market. Yesterday, this lesser-known crypto currency had more than 400,000 transactions, a record for any public blockchain, and at the same time 40,000 more than the most respectable bitcoin he had on his record day. Although there was no significant increase in the value of Ethereum, as the last days can be seen with Bitcoins, the interest and use of this cryptographic currency is obvious.

Large volumes of transactions did not cause much oscillation in the value of Ether, which in the last week was pretty stable at about $ 300 (there were occasional changes of +/- 20 dollars, but this is commonplace in this crypto currencies). In the past, the prices of Etherus were usually very closely related to Bitcoin's values, almost immediately after the ups and downs of one currency, they would have the same effect on the other. But this time it seems to be an exception, and there are several possible reasons for this.

First, a lot of people want to be part of Bitcoin's unstoppable rise to the $ 4,000 record that we have seen over the last few days and convert their Etherum currencies into Bitcoin. There is also the usual market manipulation, known as "whale games", where big players keep prices down.

Although prices still do not increase, transaction numbers mean that Ethereal's popularity is rapidly increasing. Which, according to some forecasts, can only mean one thing, and that is, a greater number of transactions, especially compared to other crypto currencies, will ultimately be reflected in the price of the currency. Of course, such estimates should always be taken with a high dose of reserves, because the currency market is often repulsive and contrary to many expectations.
Ethereal Currency is awaiting and the next big update, called Metropolis, which should take place in a few months. It is worth noting that within about 35 days since the last major update called Homestead, the price of Ethereum increased by as much as 430 percent. For this reason investors now hope that similar situations will be repeated this time.

Otherwise, Metropolis should bring several protocol enhancements to improve scalability, increase privacy, and lower inflation. Among the most interesting updates, Zk-SNARKs, known as the "no knowledge" transaction, will bring complete privacy to ZCash and Monero in transactions with Ethereum. Users will have the ability to send transactions privately instead of having their address displayed on the blockchain. Basically, this will allow you to send money completely anonymously, and no one will know who sent and how much, so complete anonymity of transactions.

Metropolis update will also reduce inflation, as it will reduce the mining award by about 40 percent, or more precisely with 5 Ethers per block per 3 Ether per bloc.