We all know that Ethereum has a massive impact on blockchain development since its founding in 2015. As such, nowadays it is really hard to imagine what blockchain and cryptocurrency would be like today without it.
What makes Ethereum different is its technology. Ethereum is not just another cryptocurrency; it is a ledger technology that helps many companies to build projects. Ethereum is also a platform that is most involved with smart contracts. These are being one of the most dynamic tools in technology today – and 94% of the top 100 tokens based on the market cap built on Ethereum. There are more than 35,000 developers and more than 500 startups embracing the platform. Big companies like BP and Microsoft are also using it.
All of this makes Ethereum the largest blockchain developer community. Many foundations, organizations, businesses, and startups have joined alliances to benefit from the Ethereum ecosystem which is the most visible ever since it expanded to more than 500 members in one year, becoming The Ethereum Enterprise Alliance.
Regarding the transactions time, the creator of Ethereum on one occasion said: “Bitcoin is currently processing a bit less than three transactions per second and if it goes close to four, it is already at peak capacity. Ethereum has been doing five per second and if it goes above six, then it is also at peak capacity. On the other hand, Uber on average does 12 rides per second, PayPal several hundred, Visa several thousand, major stock exchanges tens of thousands, and in IoT, you’re talking hundreds of thousands per second.’’
Ethereum has a massive potential and an obviously bright future ahead.
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