Ethereum (ETH) Mainnet Turns Four Years Old Today By Cryptovest

Fibo Quantum


(ETH) turns four today, marking for a short, but turbulent history. Launched on July 30, 2015, the mainnet is now one of the central fixtures of the cryptocurrency ecosystem, despite setbacks.

Ethereum promised to create a world computer – and probably succeeded in a limited way. What Ethereum brought was four years of seeking solutions for distributed computing. And while newer networks appeared, Ethereum remains among the leaders in building distributed apps (dApps).

After four years, it became clear that ETH would not challenge the leadership of (BTC). Still, ETH remains one of the most important coins in trading, forming multiple base pairs. Around 12% of all crypto trading activity is concentrated around ETH.

Ethereum mining was also a significant source of rewards in the past years, at least until the Ethereum Foundation started to phase out the block rewards to the current level of 2 ETH per block.

Ethereum led the way for multiple developments in the crypto sector, even when its approach turned out to be mistaken or not optimal, in hindsight. The boom of ICOs and tokens based on E…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.