Ethereum (ETH)
EthereumSecond most important crypto asset by market capitalization. Ethereum blockchain has been launched
in 2015 by Vitalik Buterin, it is also used for other applications such as DeFi and NFTs. is a platform for decentralised applications powered by blockchainA blockchain is a type of distributed ledger technology. It is a huge database formed by blocks,cryptographically linked to each other, containing information such as transactions. These blocks are addedfollowing technology. Within this ecosystem, Ethereum is also the network’s native crypto-assetDigital asset based on cryptography principles. Peer to peer traded, on a decentralized network, thanks to Distributed Ledger Technologies such as blockchain. The user is integrated into storage and transaction, also known as Ether and whose corresponding abbreviation is ETH. This crypto-asset is essential to the smooth running of the ecosystem.
The key features of Ethereum
Ethereum is a decentralised blockchain platform through its applications and smart contracts.
Ethereum, an open blockchain where all transactions and the deployment of smart contracts are visible and verifiable by anyone.
Thanks to its innovation in smart contracts and decentralised applications, Ethereum is backed by widespread adoption and an active community of developers.
The pros and cons of Bitcoin
Pros of Ethereum
- Ethereum is backed by a large community of developers, businesses and users. This is one of the reasons why Ethereum is the 2nd most capitalised crypto-asset on the market.
- The Ethereum network also stands out for the diversity of applications that can be built on it. Any project can be developed on Ethereum and used by anyone in the world, without the need for authorisation from a third party.
- In addition to Ethereum, the Ethereum network also hosts other crypto-assets. Since these do not have their own network, they use Ethereum to benefit from its security and all the applications built on it.
Cons of Ethereum
- When too many users use the Ethereum network at the same time, it cannot keep up with the load, and transaction costs can reach significant sums.
- The price of Ethereum is more volatile than that of traditional assets. This makes it riskier than other assets, even though such movements can represent an opportunity.
- Since the network was updated, the risk of centralisation of the Ethereum blockchain has increased.
Why be interested in Ethereum?
The foundations of this digital asset
These contracts, which are essentially autonomous programs, execute automatically when specific conditions are met, eliminating the need for intermediaries and ensuring that agreements are reliably executed. In addition to smart contracts, Ethereum serves as a foundation for the development and deployment of decentralised applications (dApps), offering an open and flexible platform that stimulates innovation in various sectors such as decentralised finance (DeFi« Decentralized Finance », peer to peer blockchain based financial services such as staking.).
Ethereum, an essential crypto-asset
Ethereum plays a central role in decentralised applications and decentralised finance. This dynamism is underpinned by a history of continuous development, with significant updates that constantly improve its performance, security and ability to evolve. Its transition to Ethereum 2.0, with the introduction of Proof of StakeBlockchain consensus mechanism attributing the consensus determination by adding blocks to the blockchain to master nodes, having a certain number of coins of this blockchain. This amount is always indicated (PoS) on 15 September 2022, marks a major step towards greater energy efficiency and scalabilityA system’s ability to operate on a superior scale with the same efficiency, for example with hundreds millionth more users at a given time. Scalability is a major issue for.
Ethereum (ETH) price trend
Ethereum’s price evolution has been characterised by sustained growth, propelled by its central role in the ecosystem of smart contracts and decentralised applications (dApps). Since its launch, Ethereum has continued to attract considerable interest as a cornerstone of decentralised finance.
Key facts about Ethereum
abbreviation for Ethereum, the native crypto-asset of the Ethereum blockchain
date of creation of Ethereum
the quantity of Ethereum in circulation is unlimited
Discovering other crypto-assets
Discover the fundamentals of key crypto-assets with our simplified content, designed to clarify and make accessible concepts that can be complex.
Tezos
Tezos is a platform where applications powered by blockchain technology can be created.
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