Importance of Ethereum
Assalamu Alaikum
Ethereum is the most important currency in the market after Bitcoin. It can be used for many transactions and many projects. Before we can start profiting with that coin, we need to know a few things first.Ethereum is the second most popular cryptocurrency. The journey of Ethereum started with 40 cents in 2014, currently the price of this Ethereum is above 2600 dollars. People first saw the impact of blockchain after Satoshi Nakamoto first proposed it in 2008, but this blockchain had its limitations. In 2014, Russian programmer Vitalik Buterin took blockchain technology to another level and launched Ethereum into the crypto market. Ethereum is an ecosystem, it is possible to create a variety of DAB or decentralized applications using Ethereum's blockchain technology and the first DAB was created in 2017.
It was originally a game where kittens were bought and sold and it quickly became popular with everyone. Ethereum is basically a network and the currency called Ether is actually paid to miners as a fee. Ethereum has many other blockchains like Cardano, US, TON, DND etc. Although there are all these blockchains, the most popular blockchain is Ethereum, it is possible to easily create coins and various smart contacts using Ethereum. Here anyone can create smart contact or dab as per their wish. 50 of the top hundred coins created by the Ethereum blockchain, Ethereum transactions are increasing day by day as Ethereum usage increases, but Ethereum's transaction capacity is only 25 per second.
As a result, Ethereum's transaction costs tend to be high, making it a major obstacle for Ethereum. Then Ethereum owner Vitalik Buterin announced that Ethereum would bring Two Point Zero and started working on it. He plans to add more updates to it as the transaction speed increases, such as when Ethereum 2.0 comes out, it will have a transaction capacity of 1 lakh+ per second.
Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.
Awesome explanation about ethereum! Thanks for telling us about Ethereum in detail!
Thank you
Etherium is one of the bigger block chain network. Despite the fact that transaction cost is high but still money projects are choosing theorem because of its scale ability and popularity.
Ethereum is the 2nd coin that hit 1000$
I like ethereum. Because there are smart contract.
Thanks for sharing this concept. Many things I know from it.
Good explained about Importance of Ethereum.Thanks for sharing.
Thanks
Eth is 2nd high price and profitable coin. Hope it will hit 5k$ soon.