2021-08-05 13:48:00

Ethereum major upgrade activated; ether stays lower

Representation of the Ethereum virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration

NEW YORK, Aug 5 (Reuters) – A major software upgrade on Ethereum, the second-largest blockchain network, was activated on Thursday, a move seen as stabilizing transaction fees on the network and subsequently reducing the supply of the ether token.

Ether was already lower on the day going into the technical adjustment and was last down 4.4% at $2,601.73.

Reporting by Gertrude Chavez-Dreyfuss; editing by Jason Neely

Our Standards: The Thomson Reuters Trust Principles.

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