FAST FIVE: Ethereum Reaches Record High $500 Billion Market Cap, Now Bigger Than JPMorgan
Source: Bloomberg That has pushed Ethereum's market cap above $500 billion, now larger than JPMorgan.
As the first version of an Ethereum cryptocurrency protocol was launched in July 2015, Ether is now five years and 10 months old.
As previously reported by Cointelegraph, Ethereum co-founder Vitalik Buterin became a billionaire after Ether's price rose above $3,000 on May 3.
Source: Bloomberg It is also worth noting the sudden appearance of “Internet Computer” which was released Monday and is now in the Top 10 cryptocurrencies by market cap.
The aim involves relying more on large data centers and high-end node machines – aka validators – with a capacity much larger than that provided by the leading blockchain Ethereum.