The top 25 most valuable tokens are launched from Ethereum.
According to a review, tokens like Maker, ChainLink, Tether, and even Bitfinex’s Leo, highlights the critical role of Ethereum.
ChainLink aims to build an oracle business connecting smart contracts to real-world events, subsequently opening up tons of opportunities.
For its possibilities, it works closely with Google. Leo and USDT are stable coins. Pegged to the USD, they are useful as entry and exit channels.
In China, Tether (USDT), is popular and preceding the current bull market, the coin was trading at a premium, hinting of the urge and demand for the crypto market.
As it is, Ethereum is on fire. The network’s smart contracting role, apparently, is attractive to clients. Similar reports reveal that the network is not only attractive because of DeFi, but because of the pleasure of learning new programming languages.
Unlike competing platforms, Ethereum rolled out its programming language, Solidity, and despite being new, developers continue to flock, submitting commits, and building a community.
An active community in crypto circles is vital. The lack of the former leads to cracks which are hard to seal. Shit coins in particular, whose airdrop tokens can now be hidden thanks to a new feature in Etherscan, lack a vibrant community.
The absence of this means an exposed underbelly more so if the network lacks the muscle power. If there is no development, then it’s easy to pick out new vulnerabilities, and the more there are, the easier it is for hackers to tear the project apart.
That ERC-20 tokens dominate is a testament of growth and utility.
It also relays confidence on the underlying network. Ethereum is on transition, and plans to implement scaling solutions in the next few years.
Some of them include Sharding where the network nodes would be fragmented meaning transactions need not be broadcasted to the whole network for confirmation.
Instead, nodes within a particular shard can confirm the transaction and simultaneously synchronize.
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