$ETH Here is a detailed post about Ethereum (ETH) as presented by Binance:
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🧠 Overview of Ethereum (from Binance Research)
**What is Ethereum?**
0-2It is a decentralized platform that supports smart contracts and decentralized applications (dApps), an innovation that helped the evolution of decentralized finance (DeFi) and NFTs .
Asset and development:
318-0Launched via ICO in 2015, with an initial supply estimated at 60 million ETH. It then followed a Proof of Work (PoW) system and used the Ethash algorithm to reduce ASIC impact, but gradually transitioned to Proof of Stake (PoS) after 'The Merge' .
**Network Functionality Set:**
576-1Ethereum relies on an account-based model instead of UTXO, with a virtual machine (EVM) to execute smart contracts, and supports the ERC-20 token standard and others .
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⚙️ Transition to Proof of Stake (Ethereum 2.0)
**The Merge (September 2022):**
783-1Transitioning to PoS, reducing energy consumption by ~99.95% .
Upcoming budgets:
Includes several stages:
1. Beacon Chain – Currently operational
2. Sharding – In progress
3. 941-3New mechanisms such as eWASM – efforts to expand the network's capacity .
Benefits of PoS:
1145-0Expansion reduces mining centralization, lowers emissions, and increases long-term security .
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📊 Supply and economics
Supply:
1282-0There is no official maximum, but the rate of ETH issuance is gradually decreasing towards zero inflation in the long term .
Historical distribution:
1445-0The zero stage (ICO), then Proof of Work, then full transition to Proof of Stake .
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🧩 Developer team
1567-0Notable founders involved in the project include Vitalik Buterin, Gavin Wood, Charles Hoskinson, Joseph Lubin, and others .
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🧩 Ethereum and Binance
Technical integration:
1713-0Binance supports ETH deposits and withdrawals via zkSync Era (L2), with security measures such as operation delays to ensure finality .
**Whale Bank Activity:**
1904-1Binance is witnessing activity in accumulating ETH (large transfers from whales), which sometimes contributes to fluctuations in gas fees on the network .
Commercial announcements:
2087-0Binance has made adjustments to trading pairs, canceled some margin pairs, and announced support for new cash pairs to increase liquidity .
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📌 Summary
Feature Details
Current performance Approximately $2,523, with a slight decline (~0.09%) during the day
System Proof of Stake after the absolute upgrade in September 2022
Support from Binance Deposits and withdrawals via zkSync, ongoing whale activity
Future direction Credits for sharding and broader improvements in speed, efficiency, and security
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If you are looking for other specific points like tracking daily fees or comparing ETH to other currencies on Binance, or even trading tips, I would be happy to complete the analysis upon your request!
