$ETH
Uniqueness
Ethereum introduced a blockchain platform for smart contracts—self-executing programs that automate agreements online, reducing reliance on intermediaries, lowering costs, and boosting reliability. Co-founder Gavin Wood envisioned Ethereum as a "global computer," running programs on a decentralized network to enhance security, resist censorship, and prevent fraud. Ethereum also supports other cryptocurrencies ("tokens") via its ERC-20 standard, with over 280,000 tokens launched, including major ones like USDT, LINK, and BNB. The rise of Play2Earn games has further increased interest in Ethereum, especially in markets like ETH to PHP.
Utility
Before The Merge: Ethereum used Proof-of-Work (PoW), where miners validated transactions and secured the network, earning:
1. **Block Reward:** 2 ETH for mining a new block.
2. **Tips:** Optional fees paid by users to prioritize transactions, going to miners as profit.
After The Merge: Ethereum switched to Proof-of-Stake (PoS), where validators stake 32 ETH to participate in securing the network. No high-powered computers are needed, making it more accessible. Block rewards depend on the total ETH staked—more staked ETH means higher issuance but lower individual returns. Even with 100M ETH staked, new issuance stays below 2%.
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