ETHEREUM
What is Ethereum?
Ethereum is an open-source decentralized platform that introduced the concept of smart contracts into the blockchain space. Through these smart contracts, developers using the Ethereum network are able to create their own decentralized apps and tokens.
Ethereum is an open-source decentralized platform that introduced the concept of smart contracts into the blockchain space. Through these smart contracts, developers using the Ethereum network are able to create their own decentralized apps and tokens.
Ethereum's Revenue Hit $9.9B in 2021 as ETH Emerges as the Most Searched Project
Ethereum (ETH) scaled the heights in 2021 by generating revenue to the tune of $9.9 billion thanks to a couple of use cases on its network.
Ethereum’s Transaction Volume Scales the Heights by Topping 2.14B ETH in 2021
With an annual return rate of 399.2%, Ethereum (ETH) has scaled the heights in 2021 thanks to increased adoption and notable upgrades like the London Hard Fork.
82% Ethereum Holders Still in Profitability Despite Price Slipping Below $4,000
Ethereum has yielded an annual return more than five times that of Bitcoin.
Ethereum 2.0 Full Upgrade Will Prompt a 1% Annual Deflation Rate
A transition to the proof of stake(PoS) consensus mechanism through Ethereum 2.0 will prompt a 1% annual deflation rate on the ETH network.
Bitcoin Flows into Ethereum Network and Corporate Treasuries as WBTC
Throughout 2021, Bitcoin’s circulating supply has experienced significant changes as part of it has flowed into the Ethereum (ETH) network, exchange-traded investment vehicles, and corporate treasuries in the form of WBTC.
Binance Coin to Burn Automatically Rather Than Quarterly
Binance Coin (BNB), the digital currency of the Binance ecosystem will no longer be subjected to a quarterly burn as the exchange has introduced an automatic burning schedule to replace the former.
Ethereum Miners Revenue Percentage Reaches Monthly Low
The percentage of miner revenue from fees on the ETH network reached a monthly low of 36.145%.
Ethereum Fees Have Grown 10-Fold Since Q4 2020, Showing High Demand and Willingness to Pay
Gas fees in the Ethereum network have increased ten times since the fourth quarter of 2020.
Transition to PoS will Improve Ethereum Efficiency 2000 Times: Ethereum Foundation
A greener future is expected on the horizon for Ethereum, thanks to the PoS consensus mechanism, which increases the network's efficiency 2000 times more.
Vodafone to Auction the World's First "Merry Christmas" SMS Message as NFT
Vodafone is making its entry into the NFT ecosystem by auctioning the world’s first Short Message Service (SMS), which reads “Merry Christmas.”