Categories: Ethereum

Despite The Bear Market, Ethereum (ETH) Network’s Transactions Have Spiked Recently

Click here to view original web page at bitcoinexchangeguide.com

Ethereum (ETH) Has Seen Transactions Spike in The Last 3 Weeks

Ethereum (ETH) may be the second largest crypto network by market cap, but it is far from being on the top of its glory. These days, it is said to be slow and unresponsive and companies seem to be migrating away from it. Many talk about the death of the Etherum network, the blockchain that was envisioned by Vitalik Buterin and once considered to be the future but it is the past.

However, are all these comments actually true? It seems like they might not be. According to new data which was only recently revealed by Etherscan.io, 6 from the 10 highest usage days in ETH history were in the last three weeks.

After a momentaneous downturn, it seems like the Ethereum network is finally being widely used again. Not since the time in which Ethereum was in its all-time highs the network was being so widely used as during these usage peaks.

Despite the data, some users still had their doubts. The Twitter user DK_Holdnaut, for instance, affirmed that he never saw anyone using an Ethereum app. According to him, if the network was really as good as it says and so decentralized and resistant to censorship, most people who “value these perks” would be using it.

This is his sole opinion only, though, as the information provided by Etherscan.io should be more valued than of some random people on social.

However, Ethereum is not seeing its golden age, this is certain. Despite being in a good or bad place right now, the company is seeing Tron and EOS just slightly behind trying to take its place. For instance, Tron has mined more blocks than Ethereum up until today despite ETH being much older.

Now that even Binance has created its own Binance Chain and it wants companies to migrate their tokens to it from the Ethereum blockchain, ETH is facing a difficult and decisive time. The network needs to improve in order to continue to be relevant in this new age with such strong competition.

Will Ethereum be able to maintain its place? The decisions of the developers and the community will be vital to decide and the progress of the projects, too.

Ethereum ( ETH ) may be the second largest crypto network by market cap, but it is far […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama
Tags: buterin decentral decentralized eth ether ethereum blockchain vitalik

Recent Posts

  • Bitcoin Business

Robinhood App Encroaches on Banking Turf with High-Yield Money Tool

Popular stock market and crypto trading app Robinhood is going after legacy banks with the relaunch of a cash management… Read More

2 hours ago
  • Bitcoin Business

The blockchain/crypto week in quotes

“The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force.” US… Read More

2 hours ago
  • Bitcoin Business

Art and watch collectors: Here’s how blockchain can stamp out fakes

According to an OECD report on counterfeiting, the world trade in fake goods is worth upwards of S$624 billion a… Read More

2 hours ago
  • Bitcoin Business

Litecoin and the Miami Dolphins Join Hands Over Charity

Who would have known American football and cryptocurrency would go so well together? In a press release, The Miami Dolphins… Read More

8 hours ago
  • Bitcoin Business

Crypto News: Grayscale’s Record Inflows, Shell’s New Blockchain Investment

Increasing amounts of capital are flowing into the crypto and blockchain start-up markets. By following the money, investors can uncover… Read More

8 hours ago
  • Bitcoin Business

David Koepsell (YICB 07), Co-founder of Encrypgen, LLC and Blockchain in Healthcare Global

David Koepsell is the co-founder and chief executive officer of Encrypgen, a software company creating next-generation blockchain solutions for genomic… Read More

8 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More