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Cryptocurrency Market Capitalization Trends and the emergence of the service called Ethereum (ENS)
The world of cryptocurrencies has registered rapid growth and evolution in recent years, with new actors entering the market at an alarming rate. One of the driving forces behind this growth is the growing adoption and recognition of several cryptocurrencies by traditional institutions and individuals. Among these, several cryptocurrencies have attracted significant attention and traction, including the name service Ethereum (ENS).
What is ess?
Ethereum Name Service (ENS) is a decentralized social network for the Ethereum block chain. It allows users to create and manage their unique names, such as GITHUB user names or email addresses, which are connected to their Ethereum accounts. This concept was particularly popular among developers, artists and other creatives who want to show their work without being linked to their traditional digital identities.
Cryptocurrency Market Capitalization Trends
Market capitalization trends of several cryptocurrencies have increased in recent months. According to Coinmarketcap data, the paraptavaluta price tracker of a leader:
- Bitcoin (BTC) has seen its market capitalization power of approximately $ 180 billion at the beginning of 2021 to more than $ 500 billion today.
- Ethereum (ETH), one of the largest and most popular cryptocurrencies for market capitalization, has grown today at approximately $ 130 billion in early 2021 to more than $ 220 billion.
- Also other main actors such as Cardano (ADA) and Solana (Sol) have registered significant growth.
Market capitalization trends: simple specification
In the context of the Ethereum Name Service (Ease), market capitalization trends are particularly interesting. According to its data, its total value blocked within the network has constantly increased over time:
- In the first quarter of 2022, it is a total value blocked within the network of approximately $ 100 million.
- For the second quarter of 2022, this number had increased to approximately $ 200 million, marking a significant increase in market capitalization.
- As of the second quarter of 2022, the total value of tests has reached more than $ 400 million.
Ethereum Name Service (ENS)
The rise of Ens can be attributed to several factors. A key factor is the growing adoption of decentralized social networks and identity verification services between developers, artists and other creatives. In addition, the growing popularity of Blockchain Ethereum as a platform for decentralized applications (apps) has created new opportunities for users to create and manage their unique names.
Another factor that contributes to Ess’s success is your attention to scalability, safety and user experience. ENS provides a series of features that allow users to easily administer their digital identities, including the possibility of transferring the ownership of existing user names to other users or even selling them in the open market.
Conclusion
The emergence of the service called Ethereum (ENS) represents a significant tendency in the world of cryptocurrencies. As more and more people realize the benefits of decentralized social networks and identity verification services, the Esse must continue to grow and evolve. With your attention to scalability, safety and user experience, it is well positioned to capitalize on the growing demand for digital identities.
Advice
If you are interested in investing or exploring the world of cryptocurrencies, including the Ens, here are some tips:
* Do your search
: Before investing in any cryptocurrency or decentralized application (app), be sure to conduct deep investigation and understand the risks involved.
* Diversify your portfolio : extend your investments in a series of cryptocurrencies and activities activities to minimize risk.