$ETH Ethereum is a powerhouse in the crypto world—often called the Swiss Army knife of blockchain for good reason. Here's a quick breakdown to get you up to speed:
🧠 What Is Ethereum?
- A decentralized blockchain platform that enables smart contracts and decentralized applications (dApps).
- Unlike Bitcoin, which is mainly a digital currency, Ethereum is programmable—developers can build entire ecosystems on it.
💰 Current Price Snapshot
- As of now, 1 ETH ≈ ₹833,395.56 LKR.
- Market cap: ~$306.96 billion USD.
- Price movement: ETH recently surged past $2,700, with bullish momentum aiming for $2,850 resistance.
🔧 Key Features
- Smart Contracts: Self-executing code that automates agreements.
- Ethereum Virtual Machine (EVM): The engine that runs dApps.
- Proof-of-Stake (PoS): Ethereum transitioned from energy-intensive mining to staking, cutting energy use by 99.95%.
📈 Why It’s Hot Right Now
- Institutional Adoption: Companies like SharpLink Gaming and BTCS are investing millions into ETH treasuries.
- Staking Boom: Over 35.8 million ETH staked, reducing circulating supply and boosting scarcity.
- Layer 2 Growth: Solutions like Arbitrum and Optimism are scaling Ethereum, making it faster and cheaper.
🧩 Real-World Use Cases
- DeFi: Lending, borrowing, and trading without banks.
- NFTs: Digital art and collectibles.
- Gaming: Play-to-earn models and in-game economies.
- Stablecoins: Fast, low-cost cross-border payments.
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