Ethereum Experiences Unprecedented Growth

Ethereum Experiences Unprecedented Growth

Ethereum is experiencing fast growth as the platform is now worth more than $17 billion. On May 20 the digital currency reportedly became the most

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Ethereum is experiencing fast growth as the platform is now worth more than $17 billion.

On May 20 the digital currency reportedly became the most secure public blockchain, overcoming bitcoin, as measured by the so-called Köppelmann Constant.

The latter has been described in the following way:

“The ETHBTC rate where Ether PoW mining yields the same value as Bitcoin mining. Also, it is the ETHBTC rate where Ether PoW expends more economic resources on PoW than Bitcoin.”

As stated by another article that appeared in the online media, Ethereum`s transaction volumes have reached about 161,000 a day as of May 20, 2017. This mean that ethereum s handling more than 50% of bitcoin`s transaction volumes, as noted by the article.

Also, the Enterprise Ethereum Alliance (EEA) has recently been said to announce that it is to receive a few new members. Founded by 30 members back in 2016, the EEA`s goal is to use open-source Ethereum technology to develop enterprise blockchain solutions.

New members are said to include different industry players like financial services enterprise DTCC, Japan`s largest bank MUFG, one of the “big four” accounting companies Deloitte and other famous businesses.

Julio Faura, EEA chairman and the head of blockchain R&D at Spanish banking giant Santander said in an interview with cryptocoinnews.com:

“Our new members come from varying industries such as pharma, mobile, bakning, automotive, management consulting, and hardware as well as the startup community driving innovation. It’s great to see everyone come together to build the next generation of our economy on Ethereum blockchain solutions.”

“Some more eth news will probably come out, but the atmosphere in eth spaces is ecstatic as it is. The music is now playing loud, the real party has just begun, everyone is tipsy, and all have fallen in love.”, opinionated one Andrew Quentson, a writer for cryptocoinnews.com.

The future of Ethereum is to be closely followed.

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