Ethereum (ETH) Surpasses 10 Mln Blocks, Marking Major Milestone

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Mon, 05/04/2020 - 14:47
Alex Dovbnya
The Ethereum (ETH) blockchain has surpassed 10 mln blocks as the ETH price continues to hover above $200
Cover image via stock.adobe.com

Ethereum's block count has just reached 10 mln, which represents a significant milestone for the second-largest cryptocurrency. 

According to Luit Hollander, it took more than 15 zettahashes of computing power to mine this gargantuan number of blocks over the course of five years. The genesis block of the biggest altcoin was mined on July 20, 2015.

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Ethereum, along with its eccentric co-founder Vitalik Buterin, came to prominence during the ICO bubble. It came close to flipping Bitcoin in June 2017. 

After a strong start in early 2020, the price of ETH had its biggest daily crash to date on March 12 but has since surged back above the $200 level. 
 

image by coinstats.app

This achievement comes on the verge of Ethereum 2.0. The proof-of-stake iteration of the cryptocurrency, which is also called Serenity, is expected to get off the ground in July with the launch of the Beacon Chain.   

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.


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