Ether, the second largest cryptocurrency by market value after bitcoin, hit a record high on Wednesday – but despite its rally, “it’s always going to be No.
In March, O’Leary announced that he allocated 3% of his portfolio to bitcoin, though he has owned the cryptocurrency, along with ether and a few other digital coins, since 2017.
Ethereum is known for its smart contracts, which are collections of code that carry out a set of instructions and run on the blockchain.
First, it could make Ethereum faster — investors say the changes could allow several thousand more transactions per second on the blockchain, as CNBC reported.
Some think cryptocurrency is also more susceptible to fraud, or that government regulations could hurt its value.