Ethereum: Why the Bitcoin operations have been greatly increased in 2011. November and December?
2011 At the beginning of the 19th century, the cryptocurrency landscape was made significantly to restructure Bitcoin. But another important player appeared in November and December of that year: Ethereum. This article will investigate why the extent of Ethereum operations has increased significantly during this period.
background
At the time, Bitcoin was still growing as a digital currency, as well as other cryptocurrencies such as Litecoin, Namecoin and Dogecoin. Ethereum, which 2014 In July Created Vitalik Butini, has already begun to popularize since the popularity of December that year.
Ethereum ascension
2011 November Several major events contributed to the rapid growth of Ethereum:
1
2.
- The article emphasizes the focus of the cryptocurrency of the scale, the suitability and the infrastructure adapted to the creators.
Transactions volume explosion
Until 2011 December 12 The extent of Ethereum operations has increased:
- November 14th. The estimated volume of the day’s operations was about 10,000-20,000 blocks a day.
*Until December 12th. This number increased to the stunning
110,000-200,000 blocks a day .
Looking at the perspective, these figures mean an increase in 1000 times in just four days. This rapid growth can be associated with the emergence of increasing Ethereum services such as decentralized programs (DAPP), intellectual contracts and new use of cases such as decentral finance).
Conclusion
In summary, the significant increase in Bitcoin surgery has been a major increase since 2011. November 14th By 12 December Mostly led to Ethereum and the beginning of high market demand for more complex and changing cryptocurrency. Ethereum’s white paper edition, along with successful implementation as a decentralized platform, attracted developers and merchants looking for new opportunities.
As we now know, this period noted the beginning of the Ethereum’s rise in the cryptocurrency landscape, determining its constant growth and development scene into one of the most valuable cryptocurrencies today.