Ethereum is the blockchain with the largest number of applications and uses in existence today, to the extent that it is responsible for the birth of much of the crypto industry. The possibility to create and use smart contracts, ERC20 tokens and dApps has led to the foundation of the Ethereum Enterprise Alliance (EEA) which has over 100 companies supporting its development, including Microsoft and JP Morgan. The migration from a Proof of Work protocol to a Proof of Stake protocol that has begun in 2021 represents a momentous change in the improvement of its blockchain, which has been renamed Ethereum 2.0 for the occasion.
Ethereum's multiple applications - on which much of the crypto world is based - need Ether to use the network. This creates a very strong demand for the token, placing it in second place in market dominance since time immemorial. Only Bitcoin is capable of surpassing Ether. Over the course of 2021 Ether has improved its scalability, facilitating the entire ecosystem of DApps, tokens and projects that rely on its blockchain.
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