Something has happened recently on Ethereum blockchain, which is often called tossing. According to Coin Metrics, the number of ERC-20 tokens transactions exceeded the number of ETH coins transactions themselves for the first time in cryptocurrency history. And they could be on the verge of giving way to the new class of non-fungible tokens, as common as those tokens are. And what does all this mean? Lets start by talking about Ethereum blockchains basic things.
So whats everyone this about this flipping?
The Flippening refers to the possible future event when Ethereum overtakes Bitcoin to become the most valuable cryptocurrency in terms of market capitalization.
The tossing is normal. While the number of tokens keeps rising, Ethereum itself cannot keep up. And the latest development in its code and politics have actually decreased the appetite for Ethereum itself.
I am surprised it has happened only now.
But this looks more like an attempt to hype Ethereum a little and it's far from challenging Bitcoin.