The price ofEthereum is progressing towards a bullish momentum. Most of the shortcomings of Ethereum revolvearound speed and scalability. The newsets of upgrades associated with Ethereum 2.0 are focused on resolving theseissues. The upgrade will consist of anew proof-of-stakes (PoS) algorithm along with other kinds of codebasemodifications like sharding.

The currentproof of work (PoW) consensus algorithm consumes anywhere from 3 through 18minutes to process the smart contracts depending upon the networkcongestion. The slow processing timesmake it very hard to deploy the code on Ethereum.

VitalikButerin, the co-founder at Ethereum, stated, "Ethereum 1.0 is a couple ofpeople's scrappy attempt to build the world computer; Ethereum 2.0 will be theworld computer.”

The featuresincluded in Ethereum is an overall paradigm shift, which can take some time forthe investors to be able to grasp and digest. However, the strength of the process lies in the fact that it will bringin a high degree of flexibility to Ethereum. Thereby, it will get a lot easier to introduce simple changes in thefuture as needs warrant.

SeveralEthereum Investment Proposals (EIP) are being consistently submitted. Severalof the proposals have been discussed at length by the core developers. Severalof them have been tabled for future discussions. Most of the EIPs are receiving only tentativeapproval.

XRP was pricedat $0.383 after going down by 1.87% in the next 24 hours. The market cap of XRP is currently at $16.121billion, and it registered $1.29 billion in trading volume.

The price ofStellar Lumens [XLM] was at $0.125. Thiswas after the price fell by 1.56% in the past 24 hours. The token stood ninth on the top 10 list, andit had a market cap of $19.302 billion with the 24-hour trading volume set at$844.41.

Earlier thismonth, a meeting was organized in Chicago, a group of traders from more than 35cryptocurrency firms which included industry players, stated that "Acommunity-wide effort is important to improve compliance standards therebypreventing liabilities that might stem from trading with bad actors or dealersthat trade with bad actors. A self-governance initiative something thatregulators are keen to see.''

This meetingwas organized at a point in time when Binance experienced a significantsecurity breach issue where the hackers were able to draw cryptocurrency worth7,000 Bitcoin.