No.2 cryptocurrency Ethereum faces software 'fork'; lower supply seen

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Ethereum, the world's second biggest cryptocurrency, was set on Thursday for major software upgrades that traders and analysts predicted would ...

LONDON: Ethereum, the world's second biggest cryptocurrency, was set on Thursday for major software upgrades that traders and analysts predicted would significantly reduce its supply.

A reduction in supply of Ethereum could cause price movements across other major cryptocurrencies, Greenspan said. Ethereum, like other cryptocurrencies, is produced when miners solve algorithmic puzzles - usually a highly energy-intensive process and thus costly.

 

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