Vitalik Buterin launched Ethereum six years ago. The value of its ether cryptocurrency has surged more than 300% since January 2021.
The ether cryptocurrency has a market capitalization of $376 billion, second only to bitcoin’s $1.08 trillion. Ether’s value has surged since the beginning of the year, largely due to the rising popularity of decentralized finance applications that are aiming to replace traditional financial intermediaries like banks and insurance companies. According to the data aggregator DeFi Pulse, ois now locked in DeFi protocols, many of which are built on top of the Ethereum blockchain.
However, Ethereum is facing tough competition from Binance Smart Chain , the blockchain infrastructure developed by the world’s largest cryptocurrency exchange, which has been processing an average of more than 8 million transactions on a daily basis since late April . Other prominent blockchains include Algorand, Cardano, Polkadot and Solana. born in 1994 in the town of Kolomna, just outside of Moscow. He later moved to Canada with his family and was raised in Toronto.
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