One of the largest blockchain protocols for smart contracts in the world, Ethereum continues to grow at a rapid pace. The three main products of Ethereum are Infura, Truffle and Metamask. They are the backbone of the digital asset infrastructure. Ethereum co-founder Joseph Lubin revealed some aspects of this issue.
Blockchain is much more than just a market. Blockchain is a movement. Market capitalization does not reflect the actual activity of the project. Decentralized networks are growing. 10 billion API requests processed by Infura. Users download Truffle about a million times a day. MetaMask also has about a million downloads daily. The number of active Ethereum nodes has reached 12,000. The number of Ethereum addresses has reached 48 million.
Despite the downward trend of 2018 - in which Ethereum lost about 90% of its value - the user base of the blockchain protocol has grown significantly, and its ecosystem and community have also noticeably developed.
Lubin is still optimistic about Ethereum. He believes that the asset has enormous potential in the long term.
I believe in blockchain technology because I believe in the people behind it. Developers, engineers, technologists. Smart contract experts who review and analyze code. In designers who are trying to provide the most convenient interface. And also to marketers who tell stories about Web3.
According to cryptodaily.co.uk
You May Also Like
Vitalik Buterin believes cryptocurrency ETFs are a distraction
Over the past two weeks, trading volumes for bitcoin and other cryptocurrencies have increased. This is partly due to the excitement surrounding the Securities and Exchange Commission's (SEC) ruling on cryptocurrency ETFs. However, Ethereum co-founder Vitalik Buterin considers such hype to be exaggerated and draws the attention of the cryptocurrency community to the fact that it is necessary to make it easier for people to use digital currencies, and not pay too much attention to cryptocurrency ETFs.
Zhao Dong: the next 15 months is the time to invest
Crypto billionaire Zhao Dong, a well-known Chinese OTC trader and cryptocurrency bull, believes that the next 15 months are a golden time to invest in cryptocurrency despite the overall market downturn.
