What will blockchain look like in 2022?

If you often read our articles, you will surely know that blockchain technology is one of the hottest trends on the market right now. The union of its decentralized nature with a clever data encryption mechanism makes it so that Web3 may be close to replacing Web2.  Although the enormous potential of this new tool is clear to many, understanding its exact future applications is complex. When the internet came out, no one imagined that we would be able to…

Smart Contracts Now Accumulate Nearly 25% of Ethereum’s Total Supply

According to insights by the ETHhub founder Anthony Sassano, smart contracts account for Ethereum worth $63 billion. The value follows up on the Decentralized Autonomous Organization (DAO) event, which took place in 2016 and had Ethereum worth $230 million. Ideally, smart contracts are a pioneering technology residing on a blockchain that enables parties to make agreements through a code. Unfortunately, data also shows that huge chunks of ETH withdrawals make their way into DeFi applications and smart contracts, leaving exchanges…