Ether, also known as Ethereum, is the #2 cryptocurrency by market cap.So it is one of the cryptocurrencies that is of the greatest interest among miners (cryptocurrency creators).
Ethereum is an open source blockchain platform that runs on Your local currency, called Ether or ETHAlthough people use these names synonymously, they are different things.
Ether is a token used specifically on the Ethereum blockchain. To pay transactionsThis code is responsible for driving almost everything that happens on the network, and anyone can use it to create and execute smart contracts, which are programs that operate independently and without user intervention.
According to Binance, there are currently 120.22 million Ethereum units created.
The value of the Ethereum cryptocurrency for today at 09:30 (UTC) is $3494.04This means that the digital currency is registered. Change of 3.04% Over the past 24 hours, plus a -0.35% move over the past hour.
Due to its capitalization level, this cryptocurrency occupies #2 most popular.
After months of delay and fear that it would never happen, finally September 15, 2022 Ethereum has implemented the long-awaited merge or update to the new level 2.0 with the promise of improving the user experience of this cryptocurrency.
“merge”, English for “fusion”is a shift in the way Ethereum processes transactions and how new Ether tokens are created.
This merger is about Combining the Ethereum blockchain with a new separate blockchain Known as proof of stake, which It reduces energy consumption. The Ethereum blockchain is 99.9% free, according to its developers, making it more “friendly” to the environment while making transactions cheaper.
His defenders They believe the merger will give Ethereum an edge over its main competitor Bitcoin.because it may increase its use.
In the Proof Stake process, Ether owners will lock up specific amounts of their cryptocurrency to verify new records on the blockchain, earning new coins in addition to their “stake” cryptocurrency.
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