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“Ethereum” googled over 110M times: ConsenSys’ ‘The State of the Ethereum Network’

Blockchain startup ConsenSys has published a snapshot of the Ethereum blockchain.

In an online post dated June 1, the company highlighted key facts and figures of Ethereum since its inception in 2015. Here are some of the take aways:

  • The word “Ethereum” has been searched on Google for over 110 million times in the past two year, while the hashtag #ethereum is tweeted, on average, 20,000 times a day.
  • The Ethereum network has processed nearly 240 million transactions till date.
  • 35 million unique addresses exist on the Ethereum blockchain till date.
  • Ethereum is the most decentralized blockchain platform in existence with nearly 17,000 nodes running the blockchain across six continentsm, according to Ethernodes.
  • Ethereum is the most active smart contract platform in existence – of the top 100 tokens by market cap, 94% are built on top of Ethereum; of the top 800 tokens, 87% are built on Ethereum.
  • The Ethereum developer community is estimated to be the largest in the world, at 250,000.
  • A site that tracks Decentralized Applications (dApps) development lists 1,552 launched dApps, though more are currently in development.

In addition, the Ethereum Enterprise Alliance (EEA) which was formed in March 2017 with 30 founding members as grown to more than 500 members in just over a year.

Importantly, governments all over the world are also adopting Ethereum blockchain. ConsenSys points out the initiatives undertaken in Brazil, Canada, Switzerlans, Chile, Dubai, and Estonia.

ConsenSys further said that there are numerous scaling solutions for the Ethereum network, which are being worked on by multiple participants in the network.

“2018 will be an exciting time for Ethereum, particularly with the projected testing of Proof of Stake through the rollout of the Casper protocol. Many active projects aim to provide layer 2 solutions, or “inter-blockchain protocols.” These initiatives tackle the “trilemma” of achieving scalability, security, and decentralization on a blockchain,” it added.

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