Ethereum blockchain achieved a new milestone of doing 10 transactions per second. ETH/USD rocketed above the $600 and $650 levels.
It’s been an amazing ride for Ethereum Enterprise as they continue to outperform in many departments. We all know how speedy transactions are in their blockchain and it’s very cheap compared with bitcoin.
However, the recent big achievement was doing 10 transactions per second yesterday. Vitalik Buterin, the founder of Ethereum himself tweeted about the same and was happy to share the same with the cryptocurreny world.
The news is very positive and shows ETH success. Ether price was surging recently and ETH/USD moved above the $600 level.
Ethereum Daily Transactions and Market Cap
Yesterday, on 12th Dec 2017, the number of transactions performed were 872340, which means there were on average 10 transactions per second on the blockchain (as per Etherscan).
This is a great achievement and shows the efficiency of ETH. Transactions are smooth and less costly as compared with bitcoin. Its market cap is now above $55 billion and the current price of Ether is near $610.