Hello Community of Publish0x, l’m very glad once again to be here with another article of the recent updates in the crypto community and how the growth has impacted the market in general. Before I start, l would like to thank all my readers for the support l have received so far from you all, l hope l would continue to bring more important updates as time goes on.

NOW THE NEWS IN DETAILS.

According to data from a blockchain analytics website called Messari, the number of new active ethereum addresses is now far more than that of any other crypto even with bitcoin inclusive. That means that the number of newbies entering into the etherum ecosystem far exceeds that of any other crypto currency.

What Could Have Been The Cause Of This.

There is one main reason that now make more people enter into the etherum blockchain instead of entering the other crypto blockchains like the bitcoin blockchain, and that is because ethereum is the home of all the decentralized finance projects. A report from Dapp.com showed that decentralized applications accounted for over 95% of the overall ethereum performance.

The Advantages And Shortcomings Of The Rising Addresses.

The rising active new addresses have both advantages and shortcomings and we need to know about both. I myself had felt the advantage of this issue sometime ago. Around last year December, l swapped $10 worth of bitcoin to ethereum and ethereum was just around $600. And as at now, the profit percentage is now around 170% or above.

With all the advantages associated, experts are still saying the rise of the etherum addresses brought about many security problems and Ponzi hog network resources. A report from Decrypt says that about 13% of total ethereum gas fees are as a result of the growth of etherum blockchain Ponzi Dapp activities. One of such Ponzi scheme programs is the MMM Global located in Russia. According to sources, this MMM Global has contributed to the hoarding of etherum’s computational power in recent times.

But the good thing is that, even with all these challenges the etherum blockchain is facing, it’s still progressing excellent with many many experts predicting its future very bright like bitcoin which we all hope it should come to pass.

I will use this opportunity again to conclude my article and again thank all my readers and all the members of Publish0x for supporting me to this far. I would also appreciate any advice from any member concerning my piece l just wrote so that l improve upon my writing on the next articles.

Thank you all for reading my piece and remember to stay safe in this era of the pandemic…

Have a nice day!!!