The higher the demand & usage of Ethereum, the higher the price of ETH, Bohdan Prylepa states By BTC Peers – Investing.com

The higher the demand & usage of Ethereum, the higher the price of ETH, Bohdan Prylepa states By BTC Peers – Investing.com

The higher the demand & usage of Ethereum, the higher the price of ETH, Bohdan Prylepa states







As we all know, the and blockchains are due an upgrade, especially Bitcoin. The issue of scalability has become a growing cause of concern for community members seeking a truly decentralized platform to execute transactions.

Currently, the Ethereum network is working for an upgrade tagged Ethereum 2.0 which will see the network switch from the inefficient Proof-of-work (PoW) consensus to a more efficient and secure Proof-of-stake (PoS).

While most experts have varying opinions on this upgrade, Bohdan Prylepa, CTO of Prof-it Blockchain shared his opinion on the network upgrade, how decentralized financial (DeFi) are springing up as well as the SEC's regulatory stick on Ripple's .

Comparing the Ethereum blockchain to Bitcoin's, Mr. Prylepa unequivocally stated that the former is more active and capable of carrying out more TPS (transactions per second). He referred to the recent Ethereum 2.0 upgrade as one that is needed