๐ Every Day Currency | Number (12)
Today's Currency: Ethereum (ETH)
1. What is Ethereum?
Ethereum is the second largest blockchain network in the world after Bitcoin, but it's not just a currency. It is a complete platform for running smart contracts and decentralized applications (dApps), making it the backbone of the DeFi and NFTs world.
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2. The Currency
The native currency on the network is called ETH, and it is used to pay for operational fees on the network (gas fees).
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3. The System
In 2022, Ethereum transitioned from mining to a Proof of Stake system, which reduced energy consumption and increased transaction speed.
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4. Profits and Returns
ETH holders can earn returns through Staking (freezing the currency to participate in securing the network).
Annual returns currently range from 3% to 5% depending on the number of participants and the provider.
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5. Is it listed on Binance?
โ Of course, ETH is one of the main currencies on all platforms including Binance.
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6. Risks
Gas fees are still high during peak times.
Competition from networks like Solana, Avalanche, and Polygon.
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๐ This information is not a recommendation, and the market always has risks, think with your mind and make your decision with your hand.
