Ever since the OIC business by 2017, there are hundreds, if not thousands, of tokens that will be created on the blockchain of Ethereum (ETH).
All of these are tokens to make transactions on the network, and also ensures that the ecosystem is frequently used. But what is it actually for the transactions on the blockchain of Ethereum?
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Ethereum and the ECR-20 is the default
In the past few months, the ERC-20 is a variant of the USDT busy they were. This past week, and the Tether is responsible for 40% of the ERC of 20 transactions, and thus reached a new all-time high.
In the figures, the following words: – of the 430.000 day to day transfers, there will be an average of 180,000 from the USDT.
Tether brings, incidentally, is also a token on the blockchain of HER camera. There are a number of reasons for this growth.
First of all, USDT, slowly but surely, the Omni Protocol, a bitcoin hard fork, by the Tether, ed.). will be eliminated. However, there are also a number of other reasons for the growth of the
On 27 February, accepted by the Huobi exchange is in the PAGE-20 to Tether
Since June 3, is also Binance be a part of this, the USDT to the Omni’s since that is no longer in use
On the same day, brought Poloniex, the same action performed by
The growing use of the network
In the past week, in one day, with more than 100,000 active-USDT-ETH can be used to:
With the adoption of the ECR-20 is a token of this is due to the fact that it’s faster and cheaper to use. Because of this, it is a perfect tool to use to arbitrate between the different cryptobeurzen.
Tether is also working to further promote the diversification of protocols on the well-maintained (and developed) substrate to be used.
In a few hours Tether will coordinate with a 3rd party to perform a chain-swap, the conversion from the Omni to the ERC20 protocol for 300 USDt. Tether, total supply will not change during this process.
— Tether (@Tether_to) September 12, 2019 At The Latest
About 20% of the speed of the network is derived from the ECR-20 is a token. And the share of the Tether therein, is steadily increasing. There is a split in the community regarding the scalability, and the future of the ECR-20 is a token.
But, apparently, there is still a lot of demand for a working Ethereum network. The application for Final apps, to grow and to Tether seems Ethereum is a very good solution.
The use of the other Ethereum tokens
In etherscan.io are the statistics of the tokens in Ethereum.
One of the top 5 by market capitalization, is as follows: the Tether, Binance Coins, Bitfinex, LEO, Token, HuobiToken, and the Chainlink Token.
If we look at the volume of the largest PAGE-20 coins, then, in particular, are stablecoins to be well represented. But in spite of that, it remains the USDT and the big one:
Tether – $17,490,166,143
TrueUSD – $474,877,547
USDCoin – $272,872,562
Paxos-Standard $234,730,685
BNB token $165,769,427
Source: Santiment
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