Key Highlights
- Coinbase adds ETH2 token despite its upcoming upgrade of delaying difficulty Bomb.
- The cost of ETH2, volume, market-cap, and price changes are the same as that for ETH.
- The new ETH2 token had no Trading Activity, Popularity Score, or Typical Hold Time.
Cryptocurrency exchange Coinbase has added an identical version of Ether (ETH), the native token of Ethereum blockchain, to its crypto price index. This surprising addition has been made just ahead of a key network upgrade on December 10.
The token called, “ETH2” was seen tracking the original Ether market data synchronously.
Hence, it was no surprise that the cost to purchase ETH2 was the same as that for ETH. Also, their volume, market capitalization, circulating supply and price changes were also identical.
However, despite the similarities there were some variations too. As the new ETH2 token had no Trading Activity, Popularity Score, or Typical Hold Time. Thus, implying that ETH2 will merely track the ETH market data until at least mid-2022, as of now.
ETH2, dubbed as Ethereum 2.0, was expected to go fully live by June 2022. But the index listing appears closer to Ethereum undergoing “Arrow Glacier”, a fork that aims to delay a “difficulty bomb”. The upgrade will slow down the Ethereum network and will give developers more time to prepare for Ethereum 2.0.
It is suggested that ETH2 may end up becoming a rebranded version of the original Ether, without holders having to swap one version for another.
