Mainstream media has recently been sparking the question, “is Ethereum (available on Coinbase) (ETH) dead?” Most journalists running these stories were referring to ETHer or ETH, the digital token that runs on the Ethereum (available on Coinbase) network.

Ethereum (available on Coinbase) (ETH) Dead?

The reason the questions were prompted most likely had to do with ETH hitting 2018 lows recently. Most of the market, however, was also dropping at the time.

Despite its downturn, Ethereum (available on Coinbase) has held sTron (available on Binance)g as the second-largest cryptocurrency by its total market cap. Ripple (available on Binance) (XRP), the third-largest cryptocurrency, is around $10 billion behind ETH.

Ethereum (available on Coinbase) has faced some serious competition in the blockchain community. Bitcoin (available on Coinbase) was the first cryptocurrency and blockchain. Next, came Ethereum (available on Coinbase), which built smart contracts on top of its blockchain, making it far more useful and functional than Bitcoin (available on Coinbase)’s original blockchain.

Since it was the first blockchain-based project to develop smart contracts, other projects learned from Ethereum (available on Coinbase)’s initial mistakes and have solved its scalability issue from the get-go. ETH developers are currently trying to solve its current scaling issue, as the network isn’t equipped to handle large volumes of transactions.

Most of the initial coin offerings (ICOs) held in 2017 and 2018 were done so on the ETH blockchain. So, that brings up the question then, “is Ethereum (available on Coinbase) dead?”

Absolutely not.