Ethereum (ETH) has registered an important milestone, as its Blockchain has reached 10 million blocks. Finally Ethereum miners have shown incredible performance by producing ten million blocks in just five years.
Ethereum’s block count is now 270,000 more than Bitcoin’s. Since its launch in January 2015, the leading digital currency Bitcoin has seen 628,900 blocks mine.
Bitcoin blocks require more time to mine compared to Ethereum blocks. Since they are mined every 20 seconds, while the average time for Bitcoin is 10 minutes.
10 million have been reached
Ethereum (ETH) mined its 10 millionth block, marking an important milestone for the world’s second largest cryptocurrency. Blockchain explorer Etherscan data shows that the 10 millionth block was successfully mined exactly on May 4 at 01:22:13 pm (UTC).
Cryptocurrency enthusiasts celebrated the milestone on social media, hoping to see Blockchain Ethereum progress further.
Major crypto exchange Binance congratulates Ethereum Blockchain for achieving this milestone.
Similarly Aaron Henshaw, co-founder of Grand St. and application engineer, comments in a tweet on this development of the Ethereum (ETH) blockchain.
What do we know about the Ethereum Blockchain and the millions of blocks?
It is the basis of a new era of the Internet where money and payments are incorporated. Also where users can own their data and applications. Mainly where everyone has access to an open financial system.
Launched in 2015, Ethereum (ETH) is the world’s programmable Blockchain, conceived as a decentralized global computer. It is currently the second cryptocurrency ranked by market capitalization.
Like other Blockchain, Ethereum has a native cryptocurrency called (ETH). If you have heard of Bitcoin, ETH has many of the same features. It is purely digital and can be sent instantly to anyone, anywhere in the world.
Most prominent Ethereum features
- Cryptocurrency wallet that allows you to make cheap and instant payments with ETH or other assets.
- Financial applications that allow you to borrow, loan or invest your digital assets.
- Decentralized markets, which allow you to exchange digital assets, or even exchange “predictions” about events in the real world.
- Games where you have assets in the game and you can even win real money.
In the past, CPUs were used to mine the coin, before graphics cards took over. Since then, the largest mining machines, known as ASICs, which are dedicated to cryptocurrency mining, have taken over.
The Ethereum community is the largest and most active Blockchain community in the world, and as of now, you are.