Bitcoin’s Biggest Rival Faces Overhaul as Computing Power Rises

Bloomberg
Bloomberg
May 8, 2018 · 4 min read
Photo: Christinne Muschi/Bloomberg

By Olga Kharif

A fight is on for the soul of Ether.

With a market capitalization of $73 billion, the biggest cryptocurrency after Bitcoin has been hailed as the future of digital finance because of its ability to layer software applications on top of transactions. But as Ether rises in price and importance, powerful players within…