Ethereum is one of the most productive assets in the world, but does it have a new contender?
Ethereum is well on its way to becoming one of the most productive assets in the world, however soon there will be a new kid on the blockchain in the form of PulseChain. In this article I will explain why Ethereum, which is one of the most productive assets in the world, will have a new contender with the timely introduction of this new blockchain and ironically why this project has the potential to not only assist Ethereum but also go on to facilitate both the maturity as well as growth the of the cryptocurrency space as a whole.
The birth of Ethereum
The Ethereum blockchain began in 2015, offering 72 million Ethereum to just over 9,000 Bitcoin addresses that participated in the ICO. Fast forward to today, there is now 118 million Ethereum from block rewards across 135,734,686 recorded wallet addresses.
Of the initial ICO participants:
81% of these wallets have only 1% of their initial balances or less
9.5% have an unchanged balance (lost?)
Only 64% have actually increased their ETH holdings
So… where are all of the tokens now?
A large majority of ETH is placed in smart contracts on the network. To be exact, it’s upwards of 26.86% of the supply of ETH. That’s about 31,825,848 ETH, or $143 billion. This is significant not only because of the mere size, but for what they are being used in.