Ethereum network hashrate hits record
The use of miners at Ethereum is of course only temporary, with the network moving (very) slowly but surely towards Proof of Stake and staking. Corn the computing power used to secure transactions gives an indication of the participants in the network.
In recent days, ETH hashrate has indeed reached a record at more than 1 petahash per second (PH / s). This threshold had never been reached, even during the last cryptocurrency price record, set at the beginning of last November.
Evolution of the hashrate of the Ethereum network for a month – Source: CoinWarz
As a reminder, a petahash corresponds to a quadrillion hashes per second. An exahash, the extent to which the Bitcoin network (BTC) hashrate is commonly expressed, is a quintillion hashes per second.
? More info on the hashrate and how Proof of Work works
The number of non-empty addresses is at the highest
Another sign of interest in the Ethereum network: the number of non-empty addresses is also on the rise. As reported the Glassnode analysis service on Twitter, he even hit an all-time high. There are now 71,364,788 addresses that contain ETH.
We see that the progression of the number of addresses is – relatively – linear. This year, this indicator stagnated or even fell during the summer, only to pick up more clearly as December approached:
Number of non-empty Ethereum addresses – Source: Glassnode Studio
You might think that the progression is just as linear for the other major cryptocurrencies, but that is not necessarily the case. When we look at the number of non-empty addresses at Bitcoin, we see that the indicator has seen more variations during the year.
? To read: The year 2021 of Bitcoin (BTC): assessment and outlook
The price of ETH struggles to return permanently above 4,000 dollars
For the past few weeks, the price of ETH has struggled to return permanently above $ 4,000. After its flash drop in early December, the second cryptocurrency is moving in a range between $ 3,500 $ 4,400.
Last week, ETH did manage to stay above this psychological threshold, but the days that have just passed have erased these gains. In two days, Ether indeed loses -13%, going to earn 3,585 dollars early this morning:
Evolution of the price of Ether over the week (ETH) Source: TradingView, ETH / USDT
Ether currently has a capitalization of $ 440 million, or 19% of the total cryptocurrency market cap.
? Find all the latest Ethereum (ETH) news
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About the Author : Marine Debelloir
Associate Editor on Cryptoast, I fell into the pot of cryptocurrencies a few years ago. I am passionate about the innovative technologies that arise from the blockchain and I like to find the most delicious information to share with you.
All articles by Marine Debelloir.