Ethereum Integrates with Ubuntu Phones as Market Cap Reaches $250m

The price of Ether jumped another 20% in the last 24 hours completing a rise of over 45% during the
Photo: Avi Mizrahi

Ethereum, both the network and the cryptocurrency, seems to be unstoppable recently. Now the technology is invading yet another space, mobile devices, via a cooperation of two Ethereum firms with Canonical – the commercial sponsor of the Ubuntu operating system.

ConsenSys and BlockApps will deliver Nimbus uPort Biometric Digital Identity tools on Ubuntu phones and tablets. The firms say this collaboration with Canonical begins the “Internet of People” campaign whereby Ethereum enhanced self-sovereign identity are used on Ubuntu devices. They explain that Nimbus permits users secure interaction with the Ethereum blockchain through biometric protection of cryptographic keys. Through this feature, users will be able to access Ethereum to use decentralized applications (DApps) and develop Ethereum blockchain software.

Thibaut Rouffineau, Head of Devices Marketing – Canonical commented: “Canonical is keen to support the development of blockchain applications and their expansion from business cloud solutions to mobile consumer applications. Working with ConsenSys and BlockApps on building a platform for the consumption and creation of blockchain based mobile apps is the realisation of the promise of Ubuntu as the reinvention of personal mobile computing.”

Joseph Lubin, founder of ConsenSys and a co-founder of The Ethereum Project, added: “The Ubuntu phone is an elegant revision of the smartphone experience. And incorporating the uPort persistent, portable Identity tools takes this elegance into a realm beyond, where identity is self-sovereign — fully controlled by the user, deeply secure and, like the phone itself, opens new vistas on the emerging decentralized web services.”

Ether Tops $250 Market Cap

The last time we reported on Ether it just got to $200 million in overall value, taking over Ripple’s position as the second biggest cryptocurrency by market capitalization for the first time ever.  Since than Ripple has regained the title and Ethereum’s cryptocurrency went back to third place, but not for lack of growth.

The price of Ether rose over 46% in the past week, jumping about 20% in the last twenty-four hours alone to above 0.0086 BTC ($3.25). Supporting the rise of Ether’s price were large trading volumes, about $11.1 million in the last twenty-four hours – over a quarter of bitcoin’s daily trading volume ($41.8m ADV).

While Ripple’s market cap is now about $271 million, Ether’s is at $250 million.

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