This picture show how ethereum is taking over the digital currency world

Ethereum's presence has grown rapidly in wealthy regions of the world in the two years since the full launch of the digital currency.

While rival cryptocurrency Bitcoin has grabbed most of the attention, briefly tripling in value this year, ethereum's value has run up a few thousand percent.

zilagyi created the images by converting the computer Internet Protocol addresses from ethernodes.org into geographic locations and plotting them on Google Earth.

So far, the images show ethereum nodes are more prevalent in the developed world.

Central Europe is by far the most packed for the nodes. That's not surprising since the Ethereum Foundation and many other digital currency firms are based in Switzerland.

"Central Europe does seem a bit more saturated than the U.S. for example (without looking at actual numbers)," Szilagyi said. "That might be because Ethereum's development team is mostly based in Europe, so we've had a bit more exposure to Ethereum before it began to spread globally."

In mid-June, digital currency enthusiasts speculated about a "flippening," a term used to describe the time when ethereum's market capitalization would surpass bitcoin's.

The two currencies came close to that event on June 13, when ethereum had roughly 33 percent of digital currency market capitalization, while bitcoin had about 40 percent.

Source: Bloomberg Pro Terminal

Junior Trader Stefan Panteleev

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