Ethereum: What is the price of this cryptocurrency?

Ethereum It is a digital platform that adopts blockchain technology and expands its use to include a wide range of applications, while Ether is the original cryptocurrency. In the world of digital finance, it is common for cryptocurrency to be called a network, although in reality it is not the same thing.

ethereum platform, It was founded in 2015 by programmer Vitalik Buterinsought to be a tool for decentralized and collaborative applications through which smart contracts (dAPPs) could be created.

Like Bitcoin, the value of ether has risen dramatically in a short period of time. In January 2016, Ethereum was trading at around $100,000 The historical maximum currently stands at 4,891.7 units.

While the debate is getting hotter every day about the appropriateness of its use or not, Today at 09:30 (UTC) Ethereum is trading at $3448.83, representing a change of -7.43% Regarding the last 24 hours and Variance -2.75% Noting its value reached in the past hour.

In terms of market value, it has maintained its position #2 Among cryptocurrencies.

After many months of delay and fear that it would never happen, finally September 15, 2022 Ethereum has carried out its long-awaited consolidation or upgrade to the new level 2.0 with the promise of improving the user experience of this cryptocurrency.

“merger”, English for “Fusion”is a shift in the way Ethereum processes transactions and how new Ether tokens are generated.

This merger is about Combining the Ethereum blockchain and the new separate blockchain Known as Proof of Stake, which It reduces energy consumption of the Ethereum blockchain by 99.9%, according to its developers, making it more environmentally “friendly” while making transactions cheaper.

His defenders They believe the merger will give Ethereum an advantage over its main competitor Bitcoin.because it may increase its use.

In the Proof Stake process, Ether owners will lock specific amounts of their cryptocurrencies to verify new records in the blockchain, earning new coins in addition to their “staking” cryptocurrencies.