/Nothing ethereal about ethereum | Financial Times (via Qpute.com)
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Nothing ethereal about ethereum | Financial Times (via Qpute.com)


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The Ethereum blockchain has become prominent over the past year, supporting the non-fungible token (NFT) epidemic and the creation of decentralized finance projects (DeFi). So will Ethereum be the future of the Internet? Ask Richard Waters..

This could be the platform of choice for the platform that became known as Web 3.0, where a set of distributed apps could one day challenge Big Tech’s products. “60-70% of the industry operates on Ethereum. It’s very sticky,” said Sandeep Nailwal, co-founder of Polygon, which has an increasing number of companies operating on Ethereum. ..

As a result, the price of the Ethereum currency, known as Ethereum or eth, used to pay for the computing power needed to run the blockchain has jumped nine-fold. Ethereum’s unprocessed tokens are about $ 350 billion, worth more than 40% of all Bitcoins in question, more than double what they were a year ago.

The investment world is still trying to understand the role Ethereum plays, but there are plenty of preparations to make trading easier. Reported by Joshua Oliver Robin Hood’s decision not to expand to Europe created an army of competitors on this continent, led by the German trading republic. Some of the apps have cryptographic integration. Scalable Capital, a German robo-advisor that has entered the equity and crypto trading market, says crypto is no longer considered “super freaky” among young investors.

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Nothing ethereal about ethereum | Financial Times Source link Nothing ethereal about ethereum | Financial Times


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