Ethereum exceeds 200,000 smart contracts
Ethereum

Ethereum exceeds 200,000 smart contracts

By Alfredo de Candia - 6 Aug 2019

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Ethereum, which has just celebrated its fourth anniversary, has become the blockchain of reference for the creation of smart contracts, with over 200,000 now.

If we consider the single addresses, these have exceeded 70 million, with a daily growth of around 100 thousand addresses.

Worthy of mention is also the numerous platforms and services that have been created to facilitate the development of Ethereum and smart contracts applications. Moreover, there are millions of ICOs and non-fungible tokens, the so-called ERC721. 

Also with regard to decentralised finance (DeFi) we see that Ethereum is the preferred system: Maker (MKR) has over 60% of the dominance, with over 310 million dollars frozen for the DAI stablecoin through the CDP (Collateralized Debt Positions).

Furthermore, the PoS (Proof-of-Stake) is coming, which should be operational from the beginning of January 2020, opening the doors to the so-called Ethereum 2.0 which in the meantime is also considering using the Bitcoin Cash (BCH) blockchain to increase the scalability of the current system.

Sure, the EOS blockchain guarantees an extremely higher speed than that of Ethereum, increasing from Ethereum’s 25 tps (transactions per second) to almost 4000 tps offered by EOS, yet the record for smart contracts is still held by ETH.

However, it is also true that, even if currently Ethereum can boast more than 2500 dApps on its blockchain, its end users stand at just over 22,000, a figure that pales compared to the daily active users of EOS that, with only 288 dApps, has over 70,000 users.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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