Ethereum now processing more transactions than all cryptocurrencies combined

[CoinstarF]

Yes happy to see these stats.Ethereum is the coin that I love most. It has good future because it can contribute much to the blockchain infrastructure.

Etheruem can process more quickly than it's rivals. They poured billion of dollars for thier ecosystem, that's why there are many projects. Investors also used as long term investment.

[selezneve]

Ethereum, the barely two years old digital currency, now processes more transactions than all other digital currencies combined, including bitcoin.

Ethereum currently processes 52.3% of all cryptocurrency transactions, followed by bitcoin at 33%, while Bitcoin Cash, currently third in market cap, is handling only 1.8% as pictured above.

More than half a million transactions were processed yesterday by ethereum, a level that is now becoming common for the platform, rising considerably since early last year when it stood at just 10,000.

More here: http://www.trustnodes.com/2017/11/22/ethereum-now-handles-transactions-digital-currencies-combined

Do you know the reason because of this ? This is because many of the new tokens rely on ETh for that purpose. And do you think that all these tokes will even survive for 2-3 years. If we still see this as a good opportunity, I do not see this being reflected in terms of price growth of ETH.

Also, since bitcoin prices had dropped from $20000 to $7000, this is the time for its to pick up. When we start seeing bull run, all these stats will change in just one month.

[13abyknight]

Ethereum, the barely two years old digital currency, now processes more transactions than all other digital currencies combined, including bitcoin.

Ethereum currently processes 52.3% of all cryptocurrency transactions, followed by bitcoin at 33%, while Bitcoin Cash, currently third in market cap, is handling only 1.8% as pictured above.

More than half a million transactions were processed yesterday by ethereum, a level that is now becoming common for the platform, rising considerably since early last year when it stood at just 10,000.

This is exactly how much of an impact Ethereum has created with its smart contract bound standard Ethereum tokens. A good chunk of all the ICO projects make use of Ethereum platform for creation, distribution and transactions through the ERC-20 standards. This has obviously seen a massive uprise in the number of transaction as everything happens within the platform.

[Altcoins enthusiast]

This is nice and it means ethereum is in good state and it will help in building our faith on ethereum and also other major cryptocurrencies that used ethereum as in doing business.

[daarul50]

The increasing number of transaction processing from ethereum is supported by the number of new coins using the platform from ethereum so I am not surprised if the ethereum transaction process could exceed the bitcoin. However, this increased transaction process can lead to advantages and disadvantages. In terms of excess may be many investors who will glance at ethereum but in terms of its shortcomings is a lot of new coin project that is not running, causing losses for people who invest in the new coins. Different if all the new coins using the platform from ethereum run successfully then I believe ethereum can be a substitute for bitcoin.

[cheezcarls]

It is because Ethereum is used by most ICOs to distribute tokens to their holders. What I wanna see is that Ethereum can now be used to convert straight to fiat currency instead of just relying on BTC alone. Coins.ph, a cryptocurrency wallet in the Philippines, has enabled Ethereum to fiat currency conversion. Another project, Dether, is also having the same project concept.