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What Is Reason Behind Ethereum's Rapid Surge? Can It Take On Bitcoin After Its Upgrade?
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ndtv.comEther has gained about $1,000 (roughly Rs. 75,035) since October 1
Soon after the Ethereum blockchain was released in 2015, its native currency ether instantly drew comparisons with Bitcoin, the world's largest cryptocurrency by market capitalization. Many said or hoped it would end Bitcoin's reign at the top. However, Bitcoin raced ahead by a dominating margin following support from billionaire tech entrepreneurs and also benefited from being six years older than Ethereum. Still, Ethereum backers did not lose hope and continued to push for it on different platforms.
The coming upgrade of the Ethereum blockchain has renewed that push. A step towards Ethereum 2.0, the Altair upgrade to Beacon Chain on Wednesday is a key move in the direction
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