Ethereum has processed over $29billion in the last 24 hours

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Beating market leader bitcoin, Ethereum’s network can create a new block every 15-20 seconds which is much faster compared to bitcoin’s 10 minutes.

A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography.

Ethereum is far cheaper as well, it only costs $2.50 for the average transaction. It costs $28.90 for the average bitcoin transaction.

The addition of other cryptocurrencies to the Ethereum blockchain has increased the total amount processed by the cryptocurrency as well. Due to the efficiency of Ethereum’s network, other digital currencies have joined it such as Tron and Tether.