After Bitcoin, Ethereum has established itself as one of the most dominant forces in the crypto market. It was the first to introduce smart contract functionality, which enables developers to create and automate several key features we take for granted today. Ethereum is also built to provide a platform for decentralised applications and finance, becoming the leading blockchain to service this need.
Pros of Ethereum
The largest player in the DeFi and dApp space. This gives it market dominance and requires that competitors offer much greater incentives to switch.
Ethereum’s Proof of Stake consensus mechanism has made the blockchain highly efficient. The future upgrades are focussed on increasing TPS and improving the already robust security protocols.
$ETH #ETH #TrendingTopic #top3crypto
