Ethereum outnumbers bitcoin addresses.
Today, july 6, 2021, ethereum has surpassed Bitcoin to become the cryptocurrency with the
most active addresses today, attesting to its growing popularity as the underlying technology
of most tokens from decentralized finance, smart contracts, and non-tokens -fungibles, NFTs.
Ethereum had 766,519 active addresses in the last 24 hours, or 33.80% of all addresses in the
cryptoactive market. Meanwhile, Bitcoin had 721,194 active addresses in the same period, or
31.80% of the total, according to BitInfoCharts. Bitcoin is still the cryptoactive
with the highest market value, with a capitalization of $638 billion.
Bitcoin remains the cryptoactive with the highest market value today, with a capitalization
of $638 billion. Ethereum comes next, with a capitalization of US$267 billion, which is
only 41.80% of the amount represented by Bitcoin. The advantage of Ethereum is its multifaceted
use in the DeFi and NFTs market, in addition to the possibility of creating smart contracts and
transactions with the native currency, ether. On the other hand, Bitcoin has been consolidating
itself as a store of value alternative, as it was the first cryptocurrency in
history and has a very limited emission. Ethereum network must undergo
major update in mining process. The Ethereum network could undergo a major upgrade
in less than a month, an important step towards the transition from the consensus engine and
the consequent end of cryptoactive mining. Asset developer Tim Beiko has proposed
that the “London” update take effect on August 4th at block 12,965,000.
the blockchain is at block 12,775,000. The decision will be taken at a developer
meeting that will take place next Friday, 9. One of the main features of this update will
be to postpone the “Ethereum mining bomb”, which will make Ethereum blocks more difficult
to mine so that it is possible to transition from proof of work, which is similar to the
Bitcoin engine, to the proof of participation. The proof of work requires computational
effort to mine the blocks, which results in a high consumption of electrical energy. However,
when the proof of participation takes effect, the blocks will be “mined” by participants who
delegate 32 ETH to the activity, changing the focus of the activity and avoiding wasting energy.
Risks of investing in cryptocurrencies. Despite their attractiveness and their growing
demand, Ethereum and other cryptocurrencies have a lot of volatility. Their quotes have
large fluctuations over short periods of time, part of the reason they haven't taken
off as a global payment method yet. In addition, erratic market movements, the
possibility of hackers stealing cryptocurrency records and suspected market manipulation
are also part of the investment risk. Many transactions involving cryptocurrencies
are carried out in an unregulated manner, with operational and regulatory risks.
possible to find several cases where the money simply disappears, is stolen by a hacker
or the investor suffers a financial blow. On the other hand, the risk of controlling
the currency through the government with regulatory measures as cryptocurrencies
gain notoriety may alienate investors. What is Ethereum?
Ethereum was conceived in 2013 by Vitalik Buterin, and
officially released to the public in 2015. The idea was to create a blockchain similar to
Bitcoin, but instead of just wallet-to-wallet transactions, the new blockchain would also allow
wallet-to-contract transactions smart.
That is, it uses technology to create virtual
contracts for payments, purchases and sales. In this sense, in addition to being
able to be used as a digital currency, Ethereum's technology allows the negotiation
of other cryptoactives, including Bitcoin..