On Ethereum Blockchain, An Internal Flipping Just Happened. Is It Good Or Bad?

[EdmonLeung]

The blockchain of Ethereum just had its inner flipping. Let’s look closer at this.

Research on Coin Metrics suggests that the Ethereum network had an internal “flipping” due to an increase in transactions on its blockchain. What does it mean?

Something has happened recently on Ethereum blockchain, which is often called tossing. According to Coin Metrics, the number of ERC-20 tokens transactions exceeded the number of ETH coins transactions themselves for the first time in cryptocurrency history. And they could be on the verge of giving way to the new class of non-fungible tokens, as common as those tokens are. And what does all this mean? Let’s start by talking about Ethereum blockchain’s basic things.

So what’s everyone this about this “flipping?”

“The Flippening” refers to the possible future event when Ethereum overtakes Bitcoin to become the most valuable cryptocurrency in terms of market capitalization.

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[VanDeinsberg12]

Ethereum is not moving somewhere and it still stay at the same place. About the flippening and that's almost impossible to happen consider about the network can't be a strong reason to determine the possibility of the flippening. as you can see that so many people are still believing with but one point that must make it possible and ethereum must be an independent coin.
i never think a coin that is still pegged with bitcoin can't pass bitcoin.

It's too early to talk about that. The network flippening has already happened since last year.

[NeuroticFish]

Something has happened recently on Ethereum blockchain, which is often called tossing. According to Coin Metrics, the number of ERC-20 tokens transactions exceeded the number of ETH coins transactions themselves for the first time in cryptocurrency history. And they could be on the verge of giving way to the new class of non-fungible tokens, as common as those tokens are. And what does all this mean? Let’s start by talking about Ethereum blockchain’s basic things.

So what’s everyone this about this “flipping?”

“The Flippening” refers to the possible future event when Ethereum overtakes Bitcoin to become the most valuable cryptocurrency in terms of market capitalization.

The tossing is normal. While the number of tokens keeps rising, Ethereum itself cannot keep up. And the latest development in its code and politics have actually decreased the appetite for Ethereum itself.
I am surprised it has happened only now.

But this looks more like an attempt to hype Ethereum a little and it's far from challenging Bitcoin.

[cichaescut]

This coin is doing nothing but disappointing investors. I hardly imagine that the next hardfork will come and fix all the problems. It is a long process and ETH has shown nothing during the last several years.

[alani123]

I don't see Ethereum overtaking BTC in the near future. Ethereum doesn't have full nodes, its network is not nearly as immutable as bitcoins and tokens in the ETH blockchain don't enjoy nearly as much security as anything in the BTC blockchain ever would. In fact, the fact that mroe trash keeps moving through ethereum's blockchain makes the possibility of actually maintaining a full node network impossible even in theory. ETH is quite centralized and the proposed solutions don't aid decentralization, trustlessness or immutability. Vitalik's redefinition of "full node" only serves own purposes.

[slaman29]

Thanks for the update, had no idea this was going on. People were predicting all the dapps and their devs would be moving to EOS for example, but that is clearly not the case if this news is true.

Eth people should be happy. the whole idea after all was ETH would be used as gas. And if Dapps and ERC20 tokens overtake, great, since ETH is still needed. 2.0 works?

[poornamelessme]

Doesn't seem like anything really unusual to me, it simply means dapps are active on eth. So I suppose it's a good thing in that regard, although it hasn't impacted price at all.

As for the flippening, that boat sailed a while ago. If there is ever a flippening in the future (probably the far future), it'd likely be a coin not even created yet.