Tuesday, July 27, 2021

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    ether outperforms bitcoin in trades

    Since its birth in 2008, bitcoin has only reproduced on its blockchain, which started the movement of cryptocurrencies and strengthened global confidence in them as their number of transactions grew, but now, the ether, born in 2014, seems to threaten its throne of the most popular digital currency.

    Why? Ether (ETC) outperforming last week, for the first time, to bitcoin (BTC) in the total number of transactions.

    The point is that the cryptocurrency of the programmer Vitalik Buterin recorded more daily active addresses, reflecting the number of active participants in the token transfer.

    Vitalik Buterin.

    This includes both the sender and the receiver, but it is necessary to know that the increasing number of active ether addresses is a sign of how the token is growing in popularity.

    In this regard, Santiment, an encryption analytics company, tweeted that ether made history by overperforming bitcoin for the first time in daily active addresses.

    To understand the magnitude of the drop in the number of active bitcoin addresses has been taken as a reference the April 15, 2021, bitcoin had 1.14 million active addresses, and the 27 last month, it bottomed out with approximately 462,800 addresses.

    Read more: Steve Wozniak says bitcoin is better than gold

    Ether and bitcoin fight for first place

    Ether, on the other hand, had a little more than 751,000 addresses on the same day, June 15 and 28, their numbers had increased to more than 926,900 addresses when the bitcoin was at about 618,900.

    The drop in the number of active bitcoin addresses could mean that the people are selling their digital assets at a record pace or at least getting rid of them at a steady pace.

    Now, many are wondering if the Ethereum blockchain would maintain the momentum and this was not a sustained reality, since the July 3, bitcoin was back at the top with approximately 823,287 active addresses for ethereum’s approximately 683,608 users.

    Despite the increase in ETH activity, BTC continues to lead the capitalization. Capture Coinbase.

    In addition to this, market capitalization (market cap) bitcoin’s current is about 642,540 million dollars, almost three times that of the 265,380 million dollars in Ethereum tokens.

    Beyond the history of bitcoin embodied in the white paper Nakamoto fundamental & partners, the Ethereum network was launched on July 30, 2015, seven years after that of its main competitor.

    ETH’s platform allowed developers to deploy permanent and immutable decentralized applications on it, with which users can interact.

    Along these lines, the decentralized finance (DeFi) applications they provide a wide range of financial services without the need for typical intermediaries, such as brokerage houses, exchange houses or banks, allowing cryptocurrency users to borrow against their holdings or lend them in exchange for interest.

    Ethereum has also gained prominence for allowing the creation and exchange of NFT, which are non-interchangeable tokens (non fungible tokens) connected to digital artworks or other real-world items and sold as sole digital property.

    We recommend: This is the document that brought bitcoin and its fascinating history to life

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