✅ Ethereum turned 6 years old: history and future of the second most popular cryptocurrency 💥【FREE! 1ht47

Ethereum turned 6 years old: history and future of the second most popular cryptocurrency Ethereum turned 6 years old: history and future of the second most popular cryptocurrency July 30 marked the sixth anniversary of the birth of Ethereum, the main Blockchain of smart contracts and the second largest cryptocurrency in the world Launched in 2015 with the ambitious vision of creating a fully decentralized multipurpose computing network, Ethereum has rapidly evolved earning the respect of the entire crypto community. Known for being the mother platform of thousands of cryptographic tokens, Ethereum has stood out for opening a world towards decentralized applications (dApps) . Thanks to the massive developer community that has sprung up around this project, Ethereum has positioned itself as a pioneer in decentralized finance (DeFi), initial coin offerings (ICO), non-fungible tokens (NFT), decentralized autonomous organizations (DAO), and plus. Undoubtedly, during these six years, there are many things that the platform has experienced. In its first year of life, Ethereum survived a catastrophic attack when a hacker exploited a flaw in The DAO's code, obtaining a total of $ 50 million in ether. The event would mark a before and after, taking the platform to a difficult fork. Since its humble beginnings, Ethereum has not stopped evolving. Now, the platform records daily transactions of billions of dollars, with a huge community of s and a market capitalization of $ 275,000 million, a figure that only Bitcoin has sured. Innovation The advancement of the platform has been such that on each Ethereum birthday it seems to host a new trend that continues to show the amazing potential of its technology. Last year we reviewed the stir that the DeFi space was causing, platforms that offer financial services such as loans but in a decentralized way. This 2021, a new fashion sweeps the Ethereum ecosystem: NFTs. These rare and unique tokens, which were born in Ethereum with the CryptoKitties in 2017, have become the latest Blockchain sensation this year. In fact, its trading has reached volumes of more than USD $ 2.5 billion in the first half of this year. For its part, the growth of DeFi has not stopped, and experts predict even greater luck for NFTs. Today, Ethereum-based DeFi platforms more than $ 60 billion of funds arranged as collateral. The figure is more than 15 times higher than what the space recorded a year ago. Perhaps we could expect a similar boom with the NFT sector. However, despite the fact that the platform has been able to host all these developments, its capacity has been really put to the test as more s the decentralized ecosystem. The truth is that Ethereum, which was built to handle around 15 transactions per second, has seen challenges facing congestion, high fees, and slower network speeds. The successes of this blockchain and cryptocurrency platform are varied and well known The successes of this blockchain and cryptocurrency platform are varied and recognized Amid Ethereum's growth, its next update becomes more and more necessary every day to keep up with its successes. ETH 2.0 This sixth anniversary, it is celebrated at a crucial update moment for the blockchain. In fact, it is probably the last birthday of Ethereum 1.0, as it is set to be replaced by an improved version: Ethereum 2.0. In a multi-stage upgrade, the platform is moving from a proof-of-work (PoW) network consensus model to a proof-of-stake (PoS). Ethereum 2.0 will be a faster, more energy efficient and more spacious version, which is scheduled to arrive in 2022. The transition process has already been widely ed by the Ethereum community, a fact that is evidenced by the record of more than $ 14 billion in ETH currently arranged as staking funds in the smart contract for Ethereum 2.0. . In recent months, the number of funds in the contract - which represents the pre-PoS phase - has skyrocketed, which is a very good sign for Ethereum. Specifically, it suggests that long-term ETH investors are optimistic about the value of the asset and also about the future of the Blockchain project. Ethereum has also been breaking other major records this year. During the second quarter of 2021, the network processed transactions worth $ 2.5 trillion, and a total of 4,000,000 million dollars during the first half of the year. Also, the price of ETH reached a new all-time high above $ 4,000 during May, and currently remains above $ 2,000. The future As the volume of funds in Ethereum 2.0 and the number of s continue to grow, the team prepares for the next Ethereum update: London, which is expected to go live on August 4. This update, which will be activated in the form of a hard fork, will bring - among other things - a new structure for transaction fees, known as EIP-1559, which will seek to respond to some of the main challenges currently facing the network. There is no doubt that Ethereum has come a long way these last six years and that it still has a lot of development and innovation ahead of it. For now, Ethereum 2.0 is looming as the next frontier, but the history of Ethereum continues to be rewritten with the indelible ink of Blockchain and, judging from its path, this network will continue to bring much more to talk about. 19695k