Ethereum Makes Strides in Cryptocurrency Dominance
Main Idea
Ethereum has grown significantly since its launch in 2015, becoming the second-largest digital asset, with key milestones including the DAO hack, ERC-20 standard introduction, DeFi and NFT booms, and the energy-efficient Merge update in 2022.
Key Points
1. Ethereum was proposed by Vitalik Buterin in 2013 and launched in 2015 after raising $18 million in 2014.
2. The DAO hack in 2016 led to a split into Ethereum and Ethereum Classic, resulting in a $60 million loss.
3. The ERC-20 token standard (2017-2018) accelerated token adoption but was marked by price volatility.
4. DeFi applications like Uniswap and Compound gained prominence in 2020, followed by NFTs in 2021, exemplified by Beeple's historic sale.
5. The Merge update in 2022 drastically reduced Ethereum's energy consumption by transitioning to a proof-of-stake model.
6. Experts predict Ethereum's price could exceed $15,000 by 2030, driven by institutional investment and ETFs.
7. Scalability and regulatory challenges remain key hurdles for Ethereum's future growth.
Description
Ethereum emerged as a key player post-2015 launch, reaching major cryptocurrency ranks. Significant events include DAO hack, DeFi rise, NFT popularity boosting Ethereum. Continue Reading: Ethereum Makes Strides in Cryptocurrency Dominance The post Ethereum Makes Strides in Cryptocurrency Dominance appeared first on COINTURK NEWS .
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