| Today, we celebrate the revolutionary blockchain platform that has revolutionized decentralized applications (dApps) and finance (DeFi). Letβs take a look at the biggest Ethereum moments so far: - In 2017, the Byzantium Fork not only reduced the block reward from 5 ETH to 3 ETH but also introduced new technology that made it easier for other blockchains to build on Ethereum. This was a game-changing moment, fueling Ethereum's vision of a decentralized web.
- Later in 2017, the NFT game CryptoKitties became a sensation, causing record-high activity on the Ethereum blockchain. This event highlighted the growing interest in NFTs and showcased the need for Ethereum's speed and scalability improvements.
- Fast forward to 2019: the Istanbul and Constantinople upgrades optimized Ethereum's gas fee structure, leading to more efficient transactions. They also laid the groundwork for the transition to a Proof of Stake (PoS) consensus mechanism, signaling a future of greater scalability and security.
- In 2020, Ethereum introduced the Beacon Chain, a PoS blockchain that promised a new era for Ethereum. The Beacon Chain was a crucial step towards ending Ethereum's reliance on PoW mining, setting the stage for the transformative Merge event.
- 2022 marked a historic moment: The Merge. Ethereum successfully transitioned to a PoS blockchain, slashing its carbon footprint and changing its daily issuance. This was more than just an upgrade - it was a paradigm shift, establishing Ethereum as an eco-friendly blockchain in the eyes of many.
- In 2023, the Shanghai upgrade focused on enhancing the network's functionality. The most notable feature enabled users to unlock and withdraw their staked ETH, which addressed a critical aspect of user control and liquidity in the Ethereum ecosystem.
- Now in 2024, the anticipated approval of Ethereum ETFs marked a milestone in mainstream financial markets, providing new investment opportunities.
What, in your opinion, has been the biggest Ethereum achievement so far? https://preview.redd.it/vuskt130ulfd1.png?4000&format=png&auto=webp&s=be0c1d6cbd0e0d4f2cc26da2546bb142413a1b80 submitted by /u/CoinGate [link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments