ETH

Ethereum is a decentralized blockchain platform with smart contract functionality that allows developers to create and deploy dApps.

Its native cryptocurrency is called ether, is denoted by the symbols ETH, and is the second largest cryptocurrency by market capitalization after Bitcoin.

Ethereum cryptocurrency outlook

Experts are confident that Ethereum will continue to progress in the near future, focusing on security, ease of use, and reduced fees.

Here are the key milestones in the development of the ETH cryptocurrency:

• The Surge: Improving network scalability and increasing throughput to 100,000 transactions per second.
• The Scourge: Addressing the problem of excessive centralization and transaction censorship.
• The Verge: Introducing Verkle trees to simplify block verification and adding support for ZK-STARKs.
• The Purge: Reducing the amount of data validators need to store, which will reduce hardware requirements and improve network efficiency.
• The Splurge: A series of small updates to ensure the smooth operation of the network after the implementation of the previous stages.

Thus, it is safe to say that in the coming years, ether will strengthen its position as the leading cryptocurrency for decentralized applications and smart contracts.

Ethereum FAQ

1. How is Ethereum different from Bitcoin? Bitcoin was created as a digital currency, while Ethereum is a platform for building applications using the blockchain.
2. Can you mine ETH? With the transition to Proof of Stake, ETH mining has been replaced by staking, where users receive a reward for supporting the network.

Why invest in Ethereum

• Popularity and trust: Ethereum is used by millions of developers and users around the world.
• Growth potential: The continuous improvement of the network and the integration of new technologies make ETH a promising asset for long-term investment.
• Portfolio diversification: ETH is an important component of a cryptocurrency portfolio due to its stability and technological impact.

Want to know everything about Ethereum?

If you want to stay up to date with the latest news about Ethereum, we invite you to our website Blockoria, which also has high-quality analytics and forecasts for ETH.

In addition, we recommend subscribing to Youtube channel, which provides information about Ethereum and other cryptocurrencies that will be useful for both experienced traders and those who are just starting their journey in the crypto world.