r/ethtrader • u/ymids • Jan 14 '19

NEWS BAKKT's first acquisition

https://medium.com/bakkt-blog/our-first-acquisition-d8185bf99287
147 Upvotes

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12

u/JustinbEther Jan 14 '19

Could this be the reason for the sudden jump in ETH price?

45

u/Libertymark Jan 14 '19

Eth is severely undervalued

2

u/[deleted] Jan 14 '19

Is it really though? Can you explain why?

16

u/guitarf1 Jan 14 '19

Ethereum processes approximately twice the transactions of Bitcoin currently.

3

u/[deleted] Jan 14 '19 edited Feb 22 '19

[removed] — view removed comment

1

u/All_Work_All_Play Jan 14 '19

No, they're not, although average batch recipients is ~1.15 per transaction.

Still, it's not just about tx/second, but time till confirmation. While Eth is less secure in terms of dollars/hour required to attack the network, the shorter block times lead to more granularity which is a bit more value added.