Ethereum Celebrates 10 Years of Innovation
Ethereum, the world’s second-largest cryptocurrency and a groundbreaking innovation in blockchain technology, is approaching its 10th anniversary on July 30th. Since its launch in 2015, Ethereum has revolutionized the crypto market by introducing smart contracts. This technology enables the automation of agreements, the creation of decentralized applications (dApps), NFTs, DAOs, and decentralized finance (DeFi) solutions.
Starting from a price of just a few cents, Ethereum reached its all-time high of $4,815 in 2021. Currently, it boasts a market capitalization of approximately $300 billion, solidifying its position as the second-largest blockchain globally, trailing only Bitcoin.
Beyond Bitcoin, Ethereum is a crypto asset that attracts significant interest in the traditional market. This is due not only to its diverse applications but also to its inherent value as an asset.
This interest is reflected in Brazil, where ETH ETFs have been launched. Recently, B3 – the Brazilian Stock Exchange – began trading Ethereum and Solana futures contracts, a move that underscores the growing maturity of the crypto market in the country.
“Over these 10 years, Ethereum has evolved from a mere blockchain into the infrastructure of a new digital economy. With it, we have achieved one of the greatest potentials of blockchain technology to date: programming it to automate processes independently of intermediaries,” comments Sarah Uska, crypto asset analyst at Bitybank.
Bitybank Launches Campaign to Celebrate Ethereum’s Anniversary
To commemorate this decade of innovation and global impact, Bitybank is launching a special campaign for crypto enthusiasts and investors in Brazil, aiming to promote knowledge about the subject.
To participate, individuals need only trade at least R$100 in ETH on the Bitybank platform during the campaign period. Those who meet this requirement will receive exclusive access to a live, interactive quiz taking place on July 31st at 8 PM on the Bitybank YouTube channel.
The participation link will be sent out on July 31st, starting at 12 PM. In the quiz, the participant who answers the most questions correctly in the shortest amount of time will win 1 ETH in their Bitybank account. In the event of a tie, the tie-breaker will be the response time added to the number of correct answers.
“Ethereum symbolizes innovation, decentralization, and the future of finance. With this campaign, we want not only to celebrate this journey but also to encourage more Brazilians to learn about and participate in this ecosystem,” concludes the analyst.
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