Ethereum: Why Bitcoin operations increased a lot in 2011. November and December?
2011 In the early nineteenth century, the cryptocurrency scenario was made significantly to restructure Bitcoin. But another important player appeared in November and December of that year: Ethereum. This article will investigate why the extension of Ethereum operations has increased significantly during this period.
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At the time, Bitcoin was still growing as a digital currency, as well as other cryptocurrencies such as Litecoin, Namecoin and Dogecoin. Ethereum, who 2014 in July he created Vitalik Butini, has begun to popularize since the popularity of December of that year.
Ethereum Ascension
2011 November several important events contributed to the rapid growth of Ethereum:
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- The article emphasizes the focus of scale cryptocurrency, adapted adaptation and infrastructure to creators.
Transaction volume explosion
Until 2011 December 12th The extension of Ethereum operations increased:
- November 14th. The estimated volume of day operations was about 10,000 to 20,000 blocks per day.
*Until December 12th. This number has increased to the impressive
110,000-200,000 blocks per day .
Looking at the perspective, these numbers mean an increase in 1000 times in just four days. This rapid growth may be associated with the emergence of increased Ethereum services, such as decentralized programs (DAPP), intellectual contracts and new use of cases such as decentral finances).
Conclusion
In short, the significant increase in Bitcoin surgery has been a major increase from 2011. November 14th to December 12th has mainly led to Ethereum and the beginning of the high demand of the more complex and changing cryptocurrency market. Ethereum’s White Paper Edition, along with the successful implementation as a decentralized platform, attracted developers and traders looking for new opportunities.
As we know now, this period observed the beginning of the rise of Ethereum’s rise in the cryptocurrency scenario, determining its constant phase of growth and development for one of the most valuable cryptocurrencies today.