The valuation of cryptocurrency had regained over the $1 trillion mark. On the other hand, Ether has skyrocketed by more than fifty-one per cent.

Annually the Ethereum Community Conference (EthCC) was held in Paris; co-founder Vitalik Buterin revealed that the Ether network would be complete once they finished merger up-gradation. After Bitcoin, Ether is the second largest cryptocurrency.

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Further, Buterin, at the Paris conference, Buterin said Ethereum would be a much more scalable system at the end of the road map. He added that Ethereum could process 100,000 transactions per second, as per CoinDesk.

The co-founder also pointed out that the profound changes to the network will include updates to its monetary policy and token issuance, its security model, and its transaction inclusion process.

On CoinMarketCap, Ether is currently trading at $1,565.67, higher by 1.88 per cent. Its market cap is around $190.47 billion. Ether has touched an intraday high of $1,641.21.