Crypto traders had been hotly anticipating the upgrade while monitoring the deployment for signs of how the changes might affect the pace of new issuance of ether by the blockchain – a key factor in determining the balance between supply and demand. Analysts had also noted the risk that something might go amiss as the new technology is implemented.
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Ethererum hard fork sends price jumping as fees start to burn
“This adds to the already bullish trend and mood in the Ethereum community,” said Alexandre Lores, analyst at Quantum Economics.
