Many executives of popular and successful cryptocurrency-related companies and crypto conglomerates expressed their support for Ethereum recently. They even favored Ethereum more than Bitcoin, which is the most dominant cryptocurrency in the global market.
Last year, Circle (the $3 billion cryptocurrency exchange and payments platform) as well as Coinbase (the $8 billion cryptocurrency brokerage company which remains the largest global digital asset exchange) expressed their enthusiasm towards the growth of Ethereum.
The co-founder and CEO of Circle was the first one to back up ETH, saying that it could be “the catalyst for the next cryptocurrency rally due to the “enormous” amount of developer activity on the Ethereum blockchain.” He expressed his confidence in CNBC’s Fast Money show.
According to many analysts, ETH currently has more than 300,000 developers on its network and has been adding more than 50,000 developers on a monthly basis since May.
Last year, the founder and CEO of Aragon which is a decentralized governance protocol based on Ethereum, also expressed his confidence, saying that “there’s a gold rush among developers to learn the coding language of money,” adding that he doesn’t know one ETH developer that isn’t millionaire right now.
Circle’s Allaire is interesting in this topic because he has overseen the evolution of Circle from a crypto brokerage to a payments company – and its re-entrance into the cryptocurrency market. He said that Ethereum is “a base layer for various types of blockchain and dApps is crucial for the long-term growth of the cryptocurrency industry.”
As he said:
“One of the things that really catalyzed the [cryptocurrency] market last year was actually that ethereum, in particular, kind of got to a place where you could build apps on top of it. You could issue new tokens on top of it; you could create new kinds of financial contracts, using the smart contracts technology. It also catalyzed a lot of competing infrastructures to ethereum,”
The CEO of Coinbase has also been optimistic towards Ethereum since late 2017, saying that he personally owns more Ether (ETH) than Bitcoin.
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"TRON is the most ambitious in the dapp field, with a $2 billion Project Genesis launched in the second half of the year. In addition, it spends $100 million on TronArcade to promote its dapp ecosystem."TRON (TRX) launched 97 decentralized applications in 2018, while its ecosystem and community have been growing at an alarming rate. This week, TRX was added to OKCoin, which is one of the largest US exchanges, in order to be traded against fiat, Bitcoin and Ethereum. The report also showed that gambling accounted for $3 billion in transactions over the course of 2018 in dApps.
Coinbase And Kraken Officially Supporting ETH’s Constantinople Hard Fork
“Coinbase intends to support the Constantinople Ethereum (ETH) upgraded. Upon commencement of the upgrade, for security and technical purposes, we will temporarily pause sending and receiving ETH across all of our trading platforms until the upgrade completes and we confirm security of the network.”Kraken also confirmed the support of Constantinople in a tweet, adding that the exchange "expects that this will be a non-contentious fork" and will not spark competing ETH chains like the Bitcoin Cash hard fork which occurred in November.
“Kraken will be supporting this. No new coins will be credited to ETH holders as we expect the old chain will quickly become obsolete," the exchange said on Twitter.Meanwhile, ETH/USD has been seeing short-term support in the run-up to the hard fork, seeing the largest gains in the top twenty cryptocurrencies over the past 24 hours and surging by 8.7%.
TrustToken (TrueUSD) Develops A New Method For Managing Client ETH Addresses For Crypto Exchanges
"While exchanges are currently able to set up individual addresses for users, there is no standardized process for the backend accounting for how these accounts are settled, and each transaction requires gas payments. AutoSweep is the first implementation of an ‘alias’ feature for an Ethereum-based token and allows exchanges to significantly improve both the accounting structure and save on time and gas cost by automatically sweeping user accounts to the central wallet."The press release also includes a diagram on how the process works. According to the lead engineer, "the AutoSweep features have big implications for the Ethereum blockchain more generally and could be applied to any ETH token." All of this could make ERC-20 token trading cheaper and help exchanges to benefit from a new discovery, saving thousands of dollars on behalf of their customers through gas savings.
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