#StopLossStrategies
Ethereum is the second largest cryptocurrency after Bitcoin in terms of market capitalization, but it is more than just a digital currency. Here’s a summary of its key aspects:
### **1. Basics**
- **Foundation**: Launched in 2015 by **Vitalik Buterin** and his team.
- **Goal**: A decentralized platform for running **smart contracts** and **DApps** (decentralized applications).
- **Native currency**: **Ether (ETH)** is used to pay
### **4. Important Updates**
- **Ethereum 2.0**: A series of updates to improve scalability and security, including:
- **The Merge** (2022): Transition to PoS.
- **Sharding** (future): Splitting the network to increase capacity.
### **5. Challenges**
- **High fees**: Due to congestion, especially during peak times.
- **Competition**: Networks like **Solana** and **Cardano** offer faster alternatives with lower fees.
### **6. Value and Market**
- **Market capitalization**: Ranges between $200-400 billion (fluctuates with the market).
- **Mining**: No longer available after the transition to PoS, and transaction verification is done through **Staking**.
### **Conclusion**
Ethereum is a comprehensive platform for the decentralized internet, not just a currency. It relies on continuous updates to enhance its performance and remains a leader in smart contracts and decentralized applications despite challenges.
If you are interested in a specific aspect (like Staking or DeFi), let me know so I can provide more details!
