The CEO of Binance, Changpeng Zhao, has on numerous occasions mentioned his personal philosophy of creating on the blockchain whenever the crypto markets are on the decline. This can be seen in his most recent tweet only a few days ago when refering to the current crypto market decline. Further using Mr. Zhao’s philosophy and also keeping in mind the recently concluded Ethereum Developer Conference, we find that developers of the latter network are hard at work building on the famous smart contract platform. The Ethereum network was the first to introduce the concept of smart contracts that brought about the ICO boom of 2017 and 2018.However, the bear market has erased all gains experienced by its native digital asset of ETH. But as earlier stated, during a bear market, the best thing to do is to build and create on the blockchain. News reaching Ethereum World News from CoinDesk indicate that developers on the Ethereum network could be working to accelerate the progress of upgrades on the famous platform. The need to build solutions quickly came about from the recently concluded DevCon4 event that was hosted in Prague.
About Ethereum (ETH): Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
Ethereum (ETH) is the 3rd largest cryptocurrency by market cap size. It is down 1.98% over the past 24 hours and is currently trading at $119.73. It can be bought with fiat dollars, credit cards, or debit cards on cryptocurrency exchanges such as Coinbase, CEX.io, and Changelly.
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