Ethereum is a digital platform that adopts blockchain technology and expands its use to a variety of applications Ether is its native cryptocurrency. In the world of digital finance, cryptocurrency is often referred to as a network, although in reality they are not the same thing.
The Ethereum platform, created in 2015 by programmer Vitalik ButerinThe aim was to be a tool for decentralized and collaborative applications that can be used to conclude smart contracts (dAPPs).
Like Bitcoin, the price of Ether also shot up within a short period of time. In January 2016, Ether was trading around one dollar The historical high is currently 4953.73 units.
The price of Ethereum for today at 09:30 a.m. (UTC) it is $3098.04that is, cryptocurrency has undergone a change 2.44% in the last day.
On the other hand, it recorded a change of 0.37% compared to its value an hour ago. As for yours popularityis in position #2.
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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