5 Cryptocurrencies to Watch Amid Russia’s Attack on Ukraine

2. Ethereum

Ethereum is the second most popular coin in the world. It was developed by Vitalik Buterin, a Russian-born crypto pioneer whose net worth is estimated to be in excess of $1 billion. There has been a lot of speculation around Buterin, Ethereum, and their loyalties amid the Ukraine crisis. Vitalik Buterin has come out and blasted Russia for invading Ukraine, affirming that he will not stay neutral in this crisis situation. This statement could face blowback in Russia where Ethereum is one of the most popular coins. 

Ethereum is marketed as a more secure and more environment-friendly alternative to Bitcoin. The Ethereum network is presently in the process of transitioning from proof-of-work to proof-of-stake. This would make the network faster than it currently is, making more transactions per second possible.