Ethereum

Cryptocurrencies are still early in their journey; Ethereum (CRYPTO:ETH) has been among the first cryptos to emerge as a “blue chip,” mainly due to the broad adoption of its blockchain network, where there are more than 3,000 projects, called decentralized apps (DApps), operating. Ethereum is second only to Bitcoin in market cap. But being a first-mover in a space doesn’t mean you keep your crown, and alternatives have emerged to challenge Ethereum…. Source link

Ethereum and Bitcoin have battled it out for the number one and two spots in the market cap rankings for what seems like forever in the crypto industry. Now, with new bullish narratives emerging for Ethereum, many are pondering whether Ethereum can finally flip Bitcoin in market cap and take the number one spot. Also known as ‘The Flippening’, Ethereum surpassing Bitcoin’s market cap would be a monumental turning point in the cryptocurrency industry. Coin Rivet looks at whether Source link

What happened Today is the first official trading day for stocks, but the third official trading day for cryptocurrencies in 2022. Most top tokens have seen heightened volatility to start the year, as investors place their bets on which tokens could outperform this year. Most mega-cap cryptocurrency tokens are down today, with Ethereum (CRYPTO:ETH) trading 2.3% lower over the past 24 hours, as of 12:30 p.m. ET. Out of the top 20… Source link

This article is part of our On the Radar 2022 series. By all accounts, Ethereum had a great year. The price of Ether rose 400% in 2021, assets locked in DeFi soared 12x to $250B, and network users paid nearly $10B in fees. However, the increased network activity in 2021 saw Ethereum’s annual energy consumption skyrocket past 100TWh, putting it on par with Kazakhstan. Power Hungry Crypto, and specifically Proof-of-Work (PoW) blockchains like Bitcoin and Ethereum, have been criticised for their… Source link

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Congestion on the largest smart contract-enabled blockchain sent users in search of more scalable blockchains, spurring the growth of alternative layer 1′s and scaling solutions. The year brought astronomical gains for the likes of Solana, Polygon, Terra, Fantom and Avalanche, which ate up half the slots in the top 10. Source link

In the world of cryptocurrencies, Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH)tower above all others. The two digital tokens account for more than $1.3 trillion in market value today, or roughly half of the total value of all cryptocurrencies in the world. As the original cryptocurrency, Bitcoin has a first-mover’s advantage and is the world’s largest crypto token with a market cap of about $900 billion, twice as large as Ethereum’s. However, you… Source link

Ethereum was launched in 2015 by eight co-founders, including Vitalik Buterin, who continues to be the main representative of Ethereum to this day, Charles Hoskinson, Gavin Wood, Anthony Di Iorio, Amir Chetrit, Jeffrey Wilcke, Mihai Alisie and Joseph Lubin. Source link

One under-the-radar altcoin that’s designed to solve several of Ethereum’s biggest challenges is stacking up massive gains as ETH and Bitcoin (BTC) consolidate into the new year. The layer-2 scaling solution Metis Token (METIS) offers lower fees and faster transaction times than Ethereum, while still retaining the security of the leading smart contract platform. According to the project website, “Offloading data and execution to a second layer allows Metis to provide a more… Source link

Key Takeaways The Ethereum community has seen another two airdrops over the last few days, but both tokens have tanked since their launch. Every other major airdrop on Ethereum in 2021 has led to an initial buzz in the market followed by a selloff. While other coins in the market have been recording new highs this week, all of the major Ethereum tokens that launched with an airdrop this year are down over 50%. Share this article Ethereum saw several big token airdrops in 2021…. Source link