Ethereum improvement proposal 1559 is the most popular hard fork for Ethereum, which introduced the PoS consensus mechanism to the network. It went live in August 2021, and was a part of the London hard fork, brought about in an effort to make the blockchain more efficient and scalable. Aside from this innovation, Ethereum has also been working to reduce the energy requirements for transactions and mining to make it more environmentally friendly, which is one of the criticisms of cryptocurrency. It is the second largest cryptocurrency by market capitalisation, and continues to grow. The trading volume of Ethereum is 20,557,013,909 in the last 24 hours. The current market price of Ethereum (ETH) is $1565.82 with a volume of $6.7 billion traded in the last day. Ethereum benefits from trader concern over fiat currencies (dollar, euro, yuan) as reliable stores of value. Still, Ethereum has shown frequent synchronized movement with Bitcoins price since it began trading in 2014.
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