The state of Ethereum in 2023
As of 2021, Ethereum is the second-largest blockchain network by total value locked (TVL) after BTC. The Ethereum network has been growing rapidly in recent years, with an increasing number of dApps and DeFi platforms being built on top of it.
One of the biggest changes made to Ethereum was when it started using PoS. This made the network run faster and use less energy. Before that, Ethereum used PoW like BTC, but it required a lot of energy and couldn’t handle too many things at once.
Ethereum 2.0, also known as Serenity, is the name for the upgrade that aims to bring the Ethereum network to a full PoS consensus. It was rolled out in phases. The first phase, called the Beacon Chain, has already been launched and is currently running on the mainnet.
The Ethereum network has also seen significant growth in the DeFi space, with an increasing number of platforms and protocols being built on top of it. DeFi protocols and platforms provide a...
