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What Bear Market? Ethereum transaction volume at new record level

the Despite the loss of over 80 percent since its all-time high-Ethereum (ETH) is experiencing a small Renaissance: The transaction volume on the Blockchain wa

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What Bear Market? Ethereum transaction volume at new record level
the Despite the loss of over 80 percent since its all-time high-Ethereum (ETH) is experiencing a small Renaissance: The transaction volume on the Blockchain was in December 2018 at a new high. However, the low rates also imply lower US Dollar against the values that are sent through the ETH network.

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23. January 2019ETH$117,09 -0.48%part Facebook Twitter LinkedIn xing mail

If it is in a bear market for an all-time high of the course enough, it has to be sometimes a different kind of record. Last December, the transaction volume of ETH reached a Level of 115 million transactions. You take out the throes of the DAO Hacks in the summer of 2016, which is a new record. This is evident from the latest report of Diar.

number of transactions in the network

This is of course only half the truth. Because of said bear market at the same time ensures that the U.S. Dollar-equivalent value, the switches on the ETH Blockchain, the owner, drops constant.

the volume is increasing, the Fiat value drops bear market makes it possible.

While in January 2018 users sent nor ETH in value of about 400 billion US dollars in December of the same year, only about 10 billion US dollars. This corresponds to a loss of the TRANS-action value of 97.5 percent.

value in U.S. dollars of all ETH-transactions for 2015

After all, the Fiat fraud-against the value of all ETH-transactions 2018 815 billion US dollars, which was, however, below the value of 1.1 trillion US dollars in the previous year.

Low fees come to ETH Zurich for the benefit of,

The high number of transactions on the Ethereum network leads back Diar on the low transaction fees. These are, in fact, similarly low as in the case of Bitcoin and move since December 2018 in the range of a few US Dollar Cents.

average transaction fees in the ETH network in the US Dollar since January 2018Constantinople for the time being,

moved Meanwhile, there is no news in the matter of Constantinople. After chain security pointed to a security vulnerability, shifted to the Hard Fork on Block 7.280.000. This is likely to be about 27. February will be dug out of the ground. The so-called Reentrancy Bug would have allowed attacks on Smart Contracts on the network.

Read also: Pure Bits: A curious Exit-Scam

That the Software developer Sergio Lerner pointed to said gap in September of 2018, must have missed the Ethereum development team.

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