Ethereum – 5 years! Major records and achievements of the blockchain

Ethereum – 5 years! Major records and achievements of the blockchain

Blockchain Expert Explains One Concept in 5 Levels of Difficulty | WIRED

Contents

Ethereum – 5 years! Major records and achievements of the blockchain
CONTENT

  • Ethereum has become the most popular platform for creating tokens

  • The cost of ETH is growing rapidly

  • ETH platform has become more popular than Bitcoin

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Today, the second most popular cryptocurrency and the first among all existing blockchains, Ethereum celebrates its fifth anniversary. BeInCrypto editors recalled the most outstanding achievements of the platform during this period.

Over 2000 tokens created on Ethereum

Today there are about 5,000 different cryptocurrencies and tokens in the world that are deployed on various blockchains. The Ethereum blockchain remains the most popular among all. On its basis, such coins as USDT (Tether), USDC (Center), Huobi token, VeChain Token, OKB (OKEx Token) and others were created..

Every fifth token As the use of cryptocurrencies grows, new types of tokens appear. They can represent value or something intangible like voices. Two … More, launched into circulation, is based on Ethereum.

Ethereum - 5 years! Major records and achievements of the blockchain

Ethereum 2.0 will be a real breakthrough

Phase zero of the updated Ethereum 2.0 platform will be launched in just 5 days.

Phase 0 is the first phase of the long-awaited network upgrade to Proof-of-Stake protocol and will dramatically increase transaction speed. Instead of the existing Proof-of-Work system, in which miners are involved, ETH 2.0 will be protected by user funds, who will invest at least 32 ETH to launch the validator node.

Coin price has reached a record price

Popular in the crypto community, Crypto trader and analyst Michaël, who gave an exclusive interview to BeInCrypto last month, shared a new video with his subscribers today, in which he reviewed the prospects for the Ethereum (ETH) rate and announced that the currency is ready to head towards the $ 500 level. Commenting on the chart, Crypto Michael noted that ETH is recovering from the March 12 crash, breaking through significant price levels one after another. This rally will continue until there is an actual acceleration and a bullish breakout of important levels.

Banks choose Ethereum

ING, a Dutch bank, has been working on improving the Ethereum system for many years. The platform is involved in three projects of a financial institution at once. Komgo, a project designed to streamline trade documents that are “already commercially available from ING”. It is also part of Fnality, an Ethereum payment settlement consortium that is scheduled to be tested by the end of the year. Finally, there is Bamboo, a bilateral letter of credit. The bank has also done most of its work, in particular with regard to Zero Proofs, available as an open source project.. 

Ethereum - 5 years! Major records and achievements of the blockchain

Ethereum has become more popular than bitcoin

As Ethereum enthusiasts are confident, the interest of the crypto community in bitcoin is declining, while the Ethereum ecosystem is attracting more and more followers. As proof, they point to the record total fees that Ethereum blockchain members pay to use this ecosystem..

According to the analytical resource Glassnode, daily such commissions averaged $ 800,000 per day..

As mentioned more than once before, the main driver of the current growth of the Ethereum ecosystem is the boom in the DeFi token segment created on the basis of this blockchain. According to the latest data, almost $ 10 billion worth of tokens are now in various staking contracts..

Ethereum - 5 years! Major records and achievements of the blockchain

Meanwhile, the Bitcoin network does not have a DeFi infrastructure by default Decentralized Finance (DeFi) – this is financial services, built on blockchain technology, which offer users access to an open, efficient and … More, it gives the Ethereum blockchain a tangible competitive advantage and attracts even bitcoin holders to it. They are tokenizing their BTC to take advantage of the rapidly growing DeFi market.

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