Leading altcoin Ethereum celebrates 8 years of success in the blockchain world. The CEO of Binance, the world’s largest crypto exchange, regrets missing an investment opportunity.
Congratulations poured in as Ethereum celebrated its 8th anniversary!
On July 30, Ethereum, one of the most important cryptocurrencies in the world, celebrated its 8th anniversary since its official launch. On this occasion, congratulatory messages poured in from enthusiasts and industry leaders who flocked to the cryptocurrency community on social media platforms such as Twitter.
One of the noteworthy congratulatory messages came from Changpeng Zhao (CZ), CEO of Binance exchange, the world’s largest cryptocurrency exchange. CZ shared a photo that reminded of a missed opportunity taken years ago. In the photo, CZ is seen with Ethereum co-founder Vitalik Buterin and other crypto experts in Tokyo on May 2, 2015, just before Ethereum’s official birth.
https://twitter.com/cz_binance/status/1685690844672557056
Message of regret for Ethereum from Binance CEO!
CZ expressed regret for not buying Ethereum at that time. Thus, he jokingly stated that if he had invested in ETH, he might not have needed to set up Binance. The tweet reflected the sentiment shared by many in the cryptocurrency space. This is the longing for missed opportunities that could change the rules of the game.
While CZ playfully recounts his past, Ethereum co-founder Vitalik Buterin chose not to post anything private on his Twitter during the anniversary celebrations. However, Sandeep Nilewal, the founder of another Blockchain project, Polygon, especially emphasized the importance of Ethereum’s 8th anniversary in India. In this regard, he had the opportunity to convey his congratulations both to Vitalik and to himself.
https://twitter.com/sandeepnailwal/status/1685716284586004481
The leading altcoin is taking firm steps forward in the industry
Looking at the current state of Ethereum, Bankless co-founder Ryan Sean Adams provided some interesting data, noting that the holding value of Ethereum reached $400 billion with annual revenue of $3.6 billion and a total block of assets of 17.8 million. Let’s put aside the nostalgic thoughts and congratulations. Beyond that, the Ethereum community is looking forward to the “Cancun Upgrade” that will take place later this year. An important aspect of this upgrade is the EIP-4844, popularly known as ‘proto-danksharding’. If implemented successfully, Tier-2 will increase speed up to 100x compared to previous updates. It will also significantly reduce gas costs. Thus, it has the potential to revolutionize the network. This development created excitement and anticipation among both investors and enthusiasts.
As you follow on Kriptokoin.com, Ethereum made a breakthrough on September 15 last year. Accordingly, it has moved from the energy-intensive Proof-of-Work (POW) mechanism to the more environmentally friendly Proof-of-Stake (PoS) consensus mechanism. This move received applause from environmentalists. It also demonstrated Ethereum’s commitment to sustainability and innovation. As of July 31, the leading altcoin is currently trading at $1,869, according to CoinMarketCap data. This price reflects the stamina and enduring popularity of the cryptocurrency even after eight years of existence.
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