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$ETH
Ethereum (ETH) is a decentralized, open-source blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Here's a quick overview:
🔹 What Is Ethereum?
Launched: July 30, 2015
Creator: Vitalik Buterin (with co-founders including Gavin Wood, Joseph Lubin, and others)
Token: Ether (ETH), used to pay for transactions and computational services on the Ethereum network.
🔹 Key Features
Smart Contracts: Self-executing contracts with the terms directly written into code.
dApps: Decentralized applications that run on the blockchain without intermediaries.
Ethereum Virtual Machine (EVM): The environment where all Ethereum smart contracts run.
Proof of Stake (PoS): As of September 2022 (via the Merge), Ethereum transitioned from Proof of Work (PoW) to PoS, improving energy efficiency.
🔹 Use Cases
DeFi (Decentralized Finance): Lending, borrowing, trading, and earning interest without banks.
NFTs (Non-Fungible Tokens): Unique digital assets often built on Ethereum.
Gaming and Metaverse: Play-to-earn games and virtual worlds.
DAOs: Decentralized Autonomous Organizations for community-governed projects.
🔹 Ethereum vs Bitcoin
FeatureEthereumBitcoinPurposeGeneral-purpose platformDigital currency (store of value)Smart ContractsYesNoSupply CapNo fixed supply21 millionConsensusProof of Stake (currently)Proof of Work
🔹 Recent Developments
The Merge (2022): Shifted from PoW to PoS, reducing energy use by over 99%.
Scalability Work (Ongoing): Ethereum is working toward sharding and Layer 2 solutions (like Optimism and Arbitrum) to improve speed and lower costs.
Would you like more on Ethereum's price trends, ecosystem, or how to invest?
#BINANCEFEED #Binancesquare #ETH
$ETH
#Writetoearn
$ETH
Ethereum (ETH) is a decentralized, open-source blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Here's a quick overview:
🔹 What Is Ethereum?
Launched: July 30, 2015
Creator: Vitalik Buterin (with co-founders including Gavin Wood, Joseph Lubin, and others)
Token: Ether (ETH), used to pay for transactions and computational services on the Ethereum network.
🔹 Key Features
Smart Contracts: Self-executing contracts with the terms directly written into code.
dApps: Decentralized applications that run on the blockchain without intermediaries.
Ethereum Virtual Machine (EVM): The environment where all Ethereum smart contracts run.
Proof of Stake (PoS): As of September 2022 (via the Merge), Ethereum transitioned from Proof of Work (PoW) to PoS, improving energy efficiency.
🔹 Use Cases
DeFi (Decentralized Finance): Lending, borrowing, trading, and earning interest without banks.
NFTs (Non-Fungible Tokens): Unique digital assets often built on Ethereum.
Gaming and Metaverse: Play-to-earn games and virtual worlds.
DAOs: Decentralized Autonomous Organizations for community-governed projects.
🔹 Ethereum vs Bitcoin
FeatureEthereumBitcoinPurposeGeneral-purpose platformDigital currency (store of value)Smart ContractsYesNoSupply CapNo fixed supply21 millionConsensusProof of Stake (currently)Proof of Work
🔹 Recent Developments
The Merge (2022): Shifted from PoW to PoS, reducing energy use by over 99%.
Scalability Work (Ongoing): Ethereum is working toward sharding and Layer 2 solutions (like Optimism and Arbitrum) to improve speed and lower costs.
Would you like more on Ethereum's price trends, ecosystem, or how to invest?
#BINANCEFEED #Binancesquare #ETH
$ETH
#Writetoearn
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
2,511.08
+0.52%
