Ethercoin Price Skyrockets as Ethereum Confirms ‘Launch’

Stephen Tual of Ethereum has confirmed speculation about the soon to be ‘launch’ of the project leading to the controversial third party traded ‘Ethercoin’ to skyrocket in price.

Frontier launch

On their official blog, Stephen Tual, CCO of Ethereum confirmed speculation that the international project would ‘launch’ stating that “We are only days away from launching ‘Frontier.’” He goes in some depth as to what to expect and where to get the information you need.

Tual also explained that as far as the ‘launch’ goes:

“There will be no countdown – Ethereum is not something that’s centrally ‘launched,’ but instead emerges from consensus. Users will have to voluntarily download and run a specific version of the software, then manually generate and load the Genesis block to join the official project’s network.”

Within a matter of hours the price of Ethercoin skyrocketed, from US$2.3 to around US$5 per Ether. As of time of writing, it has snapped back down to US$2.7.

Stephen Tual, CCO of Ethereum

Third party Ether

It is important for investors to know that Ethercoin is a third party maintained Ether exchange, backed by what its developers claim

Read more ... source: Cointelegraph