๐ $ETH ๐๐๐ผ๐น๐๐๐ถ๐ผ๐ป: ๐๐ฟ๐ผ๐บ ๐ฃ๐ผ๐ช ๐๐ผ ๐ฃ๐ผ๐ฆ -๐ช๐ต๐ฎ๐'๐ ๐ก๐ฒ๐ ๐?
Since its launch in 2015, $ETH has evolved from a decentralized smart contract platform to one of the most popular blockchains. But its journey hasn't been easy. Here's a brief look at its transformation:
๐ฅ Early Days: Proof of Work and Scalability Issues
Ethereum started with Proof of Work (PoW), similar to Bitcoin, but this led to scalability problems. High gas fees made it costly, especially during demand spikes.
๐ Transition to Proof of Stake: Ethereum 2.0
The shift to Proof of Stake (PoS) in Ethereum 2.0 improved energy efficiency, scalability, and security. The Merge in 2022 made Ethereum more stable, with staking replacing mining.
๐ ETH's Price Journey: From $0.42 to $4,891.70
Low: $0.42 (October 2015)
High: $4,891.70 (November 2021)
Growth: +997,492.63%
When talking about the evolution of Ethereum, different types of evolutions come to mind, such as Technological Evolution, Social Evolution, Economic Evolution, Environmental Evolution, Cultural Evolution, and the Crypto Evolution activity by WhiteBIT ร Tether ร TradingView.
These are all evolutions that have become part of the formation of everything we have today.
๐จ What's Next?
With ongoing updates and growing Web3 adoption, can Ethereum maintain its position, or will competitors like Solana or Cardano surpass it?