Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: PRIBO247 on December 05, 2018, 01:48:59 PM
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One of the biggest smart contract blockchain protocols across the
globe is Ethereum and in this ever-growing digital world, it is
growing at a fast rate.
As the co-creator of Ethereum and the founder of the blockchain
software studio based in New York, ConsenSys, Joseph Lubin
states:
“Blockchain is more than a market. It’s a movement. Market cap
doesn’t reflect (sic) activity. Decentralized networks are growing.
10 billion daily API requests served by Infura. 1 million Truffle
downloads. 1 million MetaMask downloads. 12,000 live Ethereum
nodes. 48 million unique Ethereum addresses. 3 times LinkedIn
blockchain job openings.”
The three major products of Ethereum are Infura, Truffle and
MetaMask and they are the backbone of the infrastructure of the
digital asset.
With Infura, it is a node infrastructure that processes requests on
popular applications. Truffle is an Ethereum blockchain
development framework which allows developers to build on
blockchain products and MetaMask is perhaps one of the most
used Ethereum and ERC20 wallet which runs on Infura.
Around a month ago, reports came out saying that the three
blockchain tools had reached new heights as Infura surpassed ten
billion requests, Truffle secured one million downloads and
MetaMask launched a new mobile client.
Even though the consistent downtrend we have been seeing
throughout 2018 - in which Ethereum lost over 90 percent of its
value from its peak on 13th January - the user base of the
blockchain protocol has surged quite significantly and the
infrastructure supporting the ecosystem has strengthened quite
noticeably.
As reported by CCN , the founder of ConsenSys asserted that the
usage of Ethereum in developing countries such as the Philippines
has begun to increase, with the Philippines connecting rural banks
through a crypto cash payments system, an initiative led by one of
the biggest banks in the country, Union Bank.
If you think that the Ethereum ecosystem has continued to see
growth over the past year no matter what the performance of the
bigger cryptocurrencies such as Bitcoin XRP and Litecoin are,
Lubin is still bullish on the long-term growth that we will see from
Ethereum saying:
“I believe in blockchain technology because of the people behind
it. The developers, engineers, and technologists who build. The
smart contract experts who audit and secure the code. The
designers who care deeply about user experience. The marketers
who tell the story of Web3.”
Source : http://cryptodaily.co.uk
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It is likely that ethereum prices in 2019 will exceed growth, but for the process of rising prices now it has begun to improve little by little, my prediction will be that ETH prices will skyrocket.
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It is likely that ethereum prices in 2019 will exceed growth, but for the process of rising prices now it has begun to improve little by little, my prediction will be that ETH prices will skyrocket.
I am inclined to agree with you. Bit by bit it is going to pull out of this downtrend especially after the etf launch.