The crypto market rally, led by Bitcoin (BTC) by breaking a record, was also reflected in the price of Ether (ETH). The largest altcoin hit the $ 2,400 mark for the first time in history, refreshing a record Wednesday.
The Ethereum network is scheduled to update tomorrow or the day after, when the 12,244,000th block is reached. Blockchain completed the 12,237,070th block as of the time of translation release. Given the average block times of 14 seconds, the update in question is expected to take place on April 15th. The update, named Berlin, will introduce some technical changes aimed at making the network less costly.
Ether price has gained 10.8 percent in the last 24 hours, according to CoinMarketCap data, and rose to $ 2,397 on some exchanges. Ether, which gained 22.4 percent value during the week, has gained 110 percent in the last three months.
The Berlin update will be performed as a hard fork, meaning an unretrievable change from the blockchain’s protocol.
While those who have Ether in their wallets or exchanges will not be affected by this hard fork, miners and Ethereum node operators will need to update their software to synchronize with the latest version of the chain. 72 percent of Ethereum software clients are ready for the Berlin update, according to EtherNodes.org data.