#ETHBreaks2k
What you don't know about ...!
Ethereum is not just a digital currency like Bitcoin, but a blockchain platform that supports smart contracts and decentralized applications (DApps). In 2022, the network transitioned to Proof of Stake (PoS), reducing energy consumption by over 99.9%.
Unlike Bitcoin, there is no maximum supply of Ethereum, but the EIP-1559 mechanism burns a portion of transaction fees, helping to reduce inflation and increase scarcity. Ethereum is also the backbone of decentralized finance (DeFi), and most applications operate on it.
Despite high transaction fees, layer two solutions like Arbitrum and Optimism offer higher speeds and lower costs. The development of Ethereum does not rely on a single individual like Vitalik Buterin, but is an open-source project contributed to by thousands of developers.
Ethereum is not just an investment; it is a system that is changing the future of the internet and finance.$ETH