Is Tesla's involvement in Ethereum sufficient to revive the Ethereum Network?

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Is Tesla's involvement in Ethereum sufficient to revive the Ethereum Network?

For a long time, the community of cryptocurrencies, which ranges from users to merchants and even to the most important companies of encryption, has coveted and anticipated the involvement of the CEO of the main American automobile company Tesla, to leave the mark in the cryptocurrency space accepting tokens and coins for its products, namely Tesla.

Zhao Changpeng, the CEO of one of the world's largest cryptocurrency sweepstakes, among other enthusiastic users, had made comments intended to arouse Musk's interest in the cryptocurrency space.

While all the whirring of the cryptocurring Musk ended up with a frustrated Musk asking Dogecoin's Jackson Palmer to "get rid of the annoying scammers," one could not imagine that the new year would mark the beginning of the listing of Tesla, along with Facebook Inc, Apple Inc and a ton of other NASDAQ listed companies as shares to be acquired in the form of tokenised securities in the cryptocurrency space.

Even more interesting is the fact that all these mega-shares will be available for trading on the Ethereum network, and millions would lose a bet if they were questioned about whether they had ever seen it. This is highly logical, as the Ethereum network has gradually lost momentum in the last year.

Not only has the Ethereum network lost more than a handful of developers on the Tron network, its long-standing rival, that had further interrupted the Ethereum record by achieving a good increase transaction against Ethereum.

Even its native Ether token has been drastically reduced in trade volume and market capitalization, leading to a reversal by Ripple XRP which took second place as the most appreciated cryptocurrency after BTC.

But the big question remains linked to whether the tokenisation of these actions is sufficient to strengthen the Ethereum network and how quickly it will take place.

To answer this question, we must consider the fact that the DX.Exchange digital exchange based in Estonia is providing a unique service that the cryptocurrency space has yet to receive elsewhere, even more impressive is the fact that trading is not limited to the market times in which the exchange will allow traders to carry out trading activities even when the market closes. The possibility of a massive adaptation of this service is highly possible since the exchange is in line with the normative policies.

Conclusion: With the ease with which foreign investors exchange shares through the tokenised Ethereum-based resources provided by DX.exchange, it is inevitable that the Ethereum network will create an atmosphere for mass adaptation to international investors, results of this move are certain to provide the Ethereum network with enough momentum to make a comeback against rival networks like Tron.

What is your thought on this ?, let us know in the comments section below.


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