Ethereum sell-off has saturated the network like a ddos ​​attack

Cryptocurrencies are experiencing a moment of splendor. In recent weeks, the value of most of them, both Bitcoin and Ethereum, has skyrocketed. Although after so many increases, it was also time to lower its value.

Ethereum sell-off has saturated the network as a DDoS attack

At the beginning of the week Ethereum reached its maximum value of $ 395. Although yesterday said value fell to $ 300. And today, for the moment something has recovered and stands at around 350 euros, although who knows how the day will end. This shows us the enormous fluctuation they undergo in very short periods of time. In fact, Ethereum has multiplied its value by 35 this year.

System failure

Fluctuations make them very sensitive to any small variations. The moment its value changes, massive purchases or sales are made. Today, the demand for cryptocurrencies is higher than ever. Worldwide, so its sales and value have been growing steadily.

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Yesterday Ethereum generated huge sales volume. They managed to collect 153 million dollars in just three hours. A huge number, no doubt, but it also had its consequences. The system completely collapsed. The Ethereum account itself launched a DDoS attack on itself. Therefore, transactions were slowed down and in many cases suspended. General chaos.

This is posing a huge problem for Ethereum. Many say that it is able to withstand increased traffic, which Bitcoin can. But they're supposed to be working on a new version of Ethereum already to change this. What do you think of this unexpected cryptocurrency boom?

Source: vice