Ethereum struggling with Bitcoin to be No. 1

Since its birth, ETH has been recognized as the number 2, the second, the sequel, and other names of BTC. Critics of social media consider that comments of this style denigrate the value of the currency, because it can not get the recognition it could deserve.

An example of this is the development of the "Intelligent Contracts", ETH being the one who has made the main and major contributions to this innovation, but at the time of its launch the news was overshadowed by articles such as "BTC, the first cryptocurrency in the world" .

It seems that the rhythms are changing, according to a study reported by CCN, the word "Ethereum" has been searched on Google more than 110 million times, but what does this mean?

The report explains the implications of this trend:

ConsenSys, a venture blockchain production study that builds decentralized applications in Ethereum, offered a census of the contributions of the cryptocurrency to blockchain in a recent blog. Here is a brief summary.

The word "Ethereum" has been referenced in more than 110 million Google searches in the last two years, the blog said. On average, #ethereum is tweeted 20,000 times a day.

The ETH network has processed around 240 million transactions. On January 4, it set a record of 1.3 million transactions in a 24-hour period.

Almost 17,000 nodes that operate the Ethereum block chain in six continents, make it the most decentralized blockchain platform, a sign of this is 35 million unique addresses. The number of active addresses on January 4 exceeded the millionth for the first time and created a record of more than 350,000 new addresses in 24 hours.

It is also the platform most involved with intelligent contracts, which could be said to be one of the most dynamic tools in current technology.

94 percent of the 100 most important tokens based on market capitalization are based on Ethereum, as are 87% of the 800 main tokens. The tokens built in ETH are largely responsible for the US $ 5.5 billion raised in 2017 in sales, and US $ 6.5 billion raised in the first quarter of this year.

The largest Blockchain developer community

The approximately 250,000 Ethereum developers also represent the largest blockchain developer community. Truffle, an ETH development framework, exceeded 200,000 downloads in October 2017. Github cites 220,000 Ethereum confirmations and 14,000 repositories.

The MetaMask browser extension that allows users to operate Ethereum DApps without operating a complete Ethereum node has exceeded one million users.

Foundations, organizations, companies and new companies have come together to benefit from the Ethereum ecosystem, the most visible being. The Ethereum Enterprise Alliance has expanded to more than 500 members in one year.

Governments around the world that seek to use blockchain technology have used Ethereum to a large extent. Brazil this year decided to place petitions in the coin network.

Canada is testing Ethereum to allow citizens access to information about the use of government grants to address concerns about corruption.

Zug, Switzerland, has offered digital identifications registered in Ethereum, and Chile tracks the data of the energy network that uses it. Dubai is working to become a city completely fueled by blockchain by 2020, while Estonia became a "digital republic" using Ethereum.

1,552 dApps to date

DApps is the main blockchain selling point, which allows developers to create smart contracts. A total of 1,552 dApps have been created with more in development.

Numerous scalability projects, meanwhile, seek to provide Layer 2 solutions, also known as "interlock protocols."

A network without developer permits called Cosmos allows interoperability and scaling of the block chain. Loom Network has launched a layer 2 platform in Ethereum that allows you to adapt social dApps and games. CryptoZombies is an application that allows anyone to code smart contracts. OmiseGO allows the sending of fast transactions across borders with plasma.

So, what does this information mean for the future of cryptocurrency and decentralized networks in general? According to ConsenSys, it means that Ethereum will play an important role in the development of the next stage of the Internet: Web 3.0.

Future projections

Today BTC may be the number 1 cryptocurrency on the market, the best known and controversial, but your time on the throne is not eternal, at the time you neglect it, ETH may have its reign.