Cryptocurrencies
Ether Outshines Bitcoin for a Second Week on Software-Update Optimism
- Ethereum passed last major test before move to proof-of-stake
- Update is projected to reduce energy use by the network
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Ethereum appears to have found the catalyst that Bitcoin proponents have been saying was needed to lift the better-known cryptocurrency out of its recent doldrums.
Ether, the native cryptocurrency of the most used blockchain network, rose for a second day Friday, extending its outperformance compared with Bitcoin for a second week. Ether is up about 24% since March 11, while Bitcoin has increased about 16%.