How Ethereum began

Ethereum was launched in late 2013 and its creator is researcher and programmer Vitalik Buterin. In 2014, this project managed to raise $30 million in a Crowdsale (a method of raising funds for crypto projects by selling project tokens in advance). It officially started work on July 30, 2015. Currently, Ethereum can be bought and sold in various places with the symbol ETH.

Ethereum is a platform that allows users to run decentralized applications and a distributed network of developers has been created across the country.

utilizability

1. Creation of a digital currency on the Ethereum blockchain
2. Intelligent networking of electrical devices via an internal network, similar to Bluetooth in smartphones
3. Digital signature on documents that prevents tampering and violations
4. It can be used to pay unknown artists
5. You can create a token or place an ICO on it

It is interesting to know that Ethereum Classic is actually the same Ethereum that launched in 2013 and that Ethereum and Ethereum Classic were separated during a hard fork.

Below are the founders of Ethereum, some of whom are now founders of other projects, such as Gavin Wood at Polkadot and Charles Hoskinson at Cardano.

somethings that i analyze in this dashboard

In this dashboard, I will show you what happened to Ethereum 2 after and before the Merge.

I analyze some data about NFTs , swaps, transactions, and miners.

All metrics analyzed start from 1 July 2022 to 23 September 2022.

learn and enjoy :slightly_smiling_face:

Methodes

i use from ethereum.core.ez_token_transactions for analyzing transactions and active users on Ethereum blockchain

i use from ethereum.core.ez_nft_sales for analyzing nfts sales and number of buyers and sellers

use from ethereum.core.ez_dex_swaps for analyzing the number of swaps and active users that swapping

use from ethereum.core.fact_blocks for analyzing the number of miners and blocks created

Why we need to the Merge

The high power consumption and small capacity of the Ethereum network prompted its founders to fundamentally change its structure, which was implemented in four steps :

1. Frontire 2. Homestead 3. Metropolis 4. Serenity

The correct name of the Ethereum network update popularly known as Ethereum 2 is actually Serenity, that network is Also a blockchain network like the current Ethereum network with some updates:

1. It has changed from a blockchain network with a proof-of-work algorithm to a blockchain network with a proof-of-stake
2. The capacity of the network has been increased and the speed of transactions on the Serenity network has increased
3. The security of the network has been increased Transaction fees have been reduced.
4. And finally, the network is more stable than in its previous state.

Does Ethereum 2 a new currency ?!!

No, A new cryptocurrency not only will not replace Ether (ETH), but for most of the developments that will take place, ordinary users will not have to do any special and additional work. at the Merge event, Ethereum's proof-of-work network, known as the execution layer, will be integrated with the Chinese beacon network (consensus layer).

Joseph Lubin

Twitter : link

Gavin Wood

Twitter : link

Anthony Di Lorio

Twitter : link

Mihai Alisie

Twitter : link

Charles Hoskinson

Twitter : link

Vitalik Buterin

Twitter : link

Conclusion

Ethereum Classic is actually the same Ethereum that launched in 2013 and Ethereum and Ethereum Classic was separated during a hard fork.

The Merge is a huge event in cryptocurrency and technology and it is the first of steps and we will have [The surge, The verge, The purge, The splurge].

The merge has some positive points for the ETH blockchain like :

1. It has changed from a blockchain network with a proof-of-work algorithm to a blockchain network with a proof-of-stake
2. The capacity of the network has been increased and the speed of transactions on the Serenity network has increased
3. The security of the network has been increased Transaction fees have been reduced.
4. And finally, the network is more stable than in its previous state

After the Merge transactions, swaps, NFT sales, and the number of miners and blocks created increased.

You can see ETH staked in real-time in the following link: Link

Miners

Swaps

NFTs

The number of transactions after the merge is amazing, it is 3M transactions in almost 10 days.

It seems that the activity of the users was declining before Marj and after that, it has relatively similar behavior.

The highest number of transactions is at 20th spt and actually after the merge and is amazing.

As mid-September approaches, NFT trader's fear of a network update issue has increased and buyers have retreated in a downward spiral. One of the problems that could arise for NFTs was the emergence of several examples of them in Ethereum hard fork networks, major markets like Opensea mentioned that they do not support NFTs of hard fork networks.

Also, YogLabs, the creator of the Board ape yacht club and the current owner of CryptoPunks, only considers NFTs of the Ethereum main network as legal and does not recognize their copies.

but after the Merge seems we have a high trend about nft sales.

as you see, the number of active users before the merge is in the low trend and after that, it seems to have the same movement.

but the number of swaps has increased after the Merge and I think it increase more

After the Merge we know the ETH validators as Stakers .

Stakers and blocks created after the Merge have a super pump that you can see in the above charts.

Also, you can see the real-time ETH stakes in the below link.

link

Thanks for your time

Discord : Vamp