Ethereum is the largest blockchain Protocol for smart contracts in the world, and it is growing at an exponential rate, regardless of the price of its own cryptocurrency network.
According to Joseph Lubin, co-founder of Ethereum and founder of ConsenSys, the blockchain software Studio based in new York city, which employs 1,000 developers:
Blockchain is more than a market. This movement. Market capitalization does not reflect activity. Decentralized networks are growing. 10 billion daily API requests served by Infura. 1 million Truffle downloads. 1 million downloads of MetaMask. 12 ' 000 Live Ethereum nodes. 48 million Unique Ethereum addresses. 3 times more vacancies on LinkedIn.
Truffle, Infura, MetaMask
Ethereum's three main products - Truffle, Infura, and MetaMask, often referred to as "TIM" - serve as the backbone of the infrastructure surrounding the asset.
Truffle is a basic Ethereum development platform that allows developers to create blockchain products. Infura is a host infrastructure that handles requests for applications. MetaMask is the most widely used Ethereum wallet for ERC20 tokens, which runs on Infura.
On November 4, it was reported that these three blockchain tools have achieved new success: MetaMask launched a mobile client, Truffle passed the threshold of a million downloads, and Infura surpassed 10 billion requests.
Despite the bearish market, during which Ethereum has lost 92% of its value since its peak on January 13, the user base of the blockchain Protocol has increased significantly and the infrastructure supporting the ecosystem has significantly strengthened.
The gradual adoption of
ConsenSys founder Joseph Lubin stressed that the use of Ethereum in developing countries, such as the Philippines, began to increase, and this country connects small banks through the cryptocurrency system, the initiative of which is headed by one of the most influential banks in the country - Union Bank.
Given that the Ethereum ecosystem has continued to grow over the past eleven months regardless of the poor performance of the major cryptocurrencies, Lubin said he remains optimistic in the long run:
I believe in blockchain technology because of the people behind it. Developers, engineers and technologists who create their products. Smart contract experts who check and protect the code; designers who care about the user experience; marketers telling the Web3 story.
Link to the source of information (Russian) - https://altstake.io/news/souchreditely-ethereum-prinyatie-setirastet-nesmotrya-na-cenu