Ethereum (ETH) Mainnet Turns Four Years Old Today
Cryptovest
Published Jul 30, 2019 10:15AM ET
Updated Jul 30, 2019 11:21AM ET
Ethereum (ETH) Mainnet Turns Four Years Old Today
Ethereum (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 Bitcoin (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...
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