#ETHRally #ETH

#Ethereum is a decentralized and open-source blockchain that serves as the infrastructure for many cryptocurrencies thanks to the ERC-20 token system.[2] The institutional cryptocurrency of the Ethereum blockchain is Ether.[3] Ether is the virtual currency with the second largest market capitalization after Bitcoin.

Ether, or its short name ETH, is the cryptocurrency produced by the Ethereum platform. Ether can be exchanged between crypto wallets and can be used to meet mining calculations. Ethereum allows the use of a decentralized Turing virtual machine [Ethereum Virtual Machine (EVM)]. This virtual machine can execute commands using the international internet network. "Gas" is an internal price calculation mechanism, used to reduce spam risk and to load resources onto the Internet.

As of January 2016, the Ethereum protocol has been able to perform 25 transactions per second.[8] On December 19, 2016, Ethereum exceeded one million transactions in a single day for the first time.

The native cryptocurrency of the Ethereum network, Ether (ETH), which is the second largest cryptocurrency, reached a peak of 4,366 dollars on October 21, 2021, marking its all-time high.