Cryptocurrencies
Bitcoin's Biggest Rival Faces Overhaul as Computing Power Rises
- Ethereum community could face consolidation by big miners
- Bitmain to introduce faster ASIC gear in next several months
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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 the virtual currency world such as equipment maker Bitmain are angling for greater control and profit.