Ether, colloquially known as Ethereum, is the second largest cryptocurrency in terms of market capitalizationThis makes it one of the digital currencies that attracts the most interest from miners (creators of cryptocurrencies).
Ethereum is an open source blockchain platform that runs using Their home currency, called Ether or ETHAlthough these names are used interchangeably, they are different things.
Ether is a token specifically used on the Ethereum blockchain. to pay transactions. This token controls almost everything that happens on the network and can be used by anyone to create and execute smart contracts. These are software programs that run autonomously and without user intervention.
According to the Binance portal, 401.23 billion units have currently been created in the digital currency Ethereum.
While the debate about whether or not it makes sense to use it is getting more heated every day, Ethereum is trading at $3324.35 at 09:30 AM (UTC) today, up 6.39%. regarding the last 24 hours and a variation of -0.02% based on the value reached in the last hour.
In terms of its market popularity, it has maintained its position #2 among digital currencies.
After several months of delays and fears that it would never happen, finally September 15, 2022 Ethereum carried out its long-awaited merger or update to the new level 2.0 with the promise of improving the user experience of this cryptocurrency.
“The Merge”, English for “The Fusion”is a transformation in the way Ethereum processes transactions and how new Ether tokens are created.
This merger is about that Combining the Ethereum blockchain with a new separate blockchain known as Proof-of-Stake, the reduces energy consumption According to its own developers, the share of the Ethereum blockchain has increased by 99.9%, making it “greener” while making transactions cheaper.
His defenders They believe the merger will give Ethereum an advantage over its main competitor Bitcoin.as it could increase its usage.
In the proof-stake process, Ether holders lock certain amounts of their cryptocurrencies to verify new records on the blockchain, thereby earning new coins in addition to their “staked” cryptocurrencies.
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