The latest Ethereum news received a lot of attention all around the globe for the last two years. The word “Ethereum” was part of more than 110 million inquiries on the number one web search engine - Google.
Some of the key searches were related to the platform’s structure, news and token purchase: “Ethereum price”, “Ethereum price chart”, “Ethereum mining”, “Ethereum news”.
Furthermore, Tweeter reports an average of 20 000 #ethereum posts per day.
Since its launch in 2015, Ethereum has been standing shoulder to shoulder with Bitcoin in terms of defining and developing blockchain technology and the cryptocurrency concept.
Contrary to Bitcoin, the Ethereum mining is based on peer-to-peer relations and is now changing to a peer-of-stake structure with the appliance of the Casper protocol. In addition, the block transactional sizes vary and alter in MB volumes.
Ethereum’s blocks can process about 15 transactions per minute, which makes better and faster digital assets transfers, according to cryptocurrency experts.
In January Ethreum hit a record of transactions - the impressive 1.3 million for a 24-hour period. The Ethereum community estimates the total number of ETH transactions for these first 3 years of the network at 240 million operations.
With regards to price market performance, Bitcoin’s price is highly volatile and surged to almost $20,000 last year. In contrast, Ethereum’s price chart shows its rapid growth for a very short period of time. In January 2018, the Ethereum price increased by over 60% for a week.
Cryptocurrency statistical data shows an impressive boost of over 13,000 % of Ethereum price for a year. For the moment, the market capitalization of Ethereum is estimated at $ 131.5 billion.
Market analysts expect another Ethereum price increase by the end of the year. Many believe it will reach and go above its January record.
Ethereum’s co-creator Steven Nerayoff made a bold statement saying that Ethereum’s price would triple this year. A lot of businesses and industries implemented Ethereum’s protocol and smart contracts system quickly to optimize their operations.