Ethereum: Here’s What It’s Trading Today

Ethereum is a digital platform that leverages blockchain technology and expands its use to a wide range of applications, while ether is its native cryptocurrency. In the world of digital finance, cryptocurrency is usually called a network, although in fact it is not the same thing.

Ethereum platform, founded in 2015 by programmer Vitalik Buterin

aimed to become a tool for decentralized and collaborative applications on which smart contracts (dAPP) can be created.

Like Bitcoin, the price of Ether has skyrocketed in a short period of time. In January 2016, ether was trading around the dollar and Currently, the all-time high is 4891.7 units..

Ethereum cryptocurrency price as of today at 09:30 (UTC) it is $3,755.41 per unit.

This means that the digital currency had change 0.26% last day and change -0.07% in last 60 minutes.

Currently, Ethereum is the second most popular cryptocurrency in the digital market. It is worth noting that the historical maximum that this digital currency has reached is $4891.7 per unit.

After months of delay and fear that it would never happen, finally September 15, 2022

Ethereum has carried out its long-awaited merger or upgrade to the new 2.0 level with the promise of improving the user experience of this cryptocurrency.

“Merger”, English. “Merge”is a transformation of the way Ethereum transactions are processed and new Ether tokens are created.

This merger concerns merging the Ethereum blockchain with a new separate blockchain known as proof of stake, which This reduces energy consumption Ethereum blockchain by 99.9%, according to its own developers, which makes it more “friendly” to the environment and at the same time makes transactions cheaper.

His defenders They believe the merger will give Ethereum an edge over its main competitor Bitcoin.

as this may increase its usage.

During the Proof Stake process, Ether holders will lock up a certain amount of their cryptocurrency to validate new entries on the blockchain, earning new coins in addition to their “pledged” cryptocurrency.