ETHEREUM NEWS
Ethereum (ETH) is the second-largest cryptocurrency by market capitalization, known for its smart contract functionality. As of October 2024, its price is around $2,639.61. Ethereum stands out because it introduced the concept of decentralized applications (dApps) and smart contracts, enabling developers to create applications that run on the blockchain without intermediaries.One of the significant upgrades Ethereum underwent recently is The Merge in 2022, transitioning from a proof-of-work (PoW) to a proof-of-stake (PoS) system. This upgrade dramatically reduced Ethereum's energy consumption by over 99%, making it far more environmentally friendly. Additionally, it has paved the way for future scalability improvements, like sharding, which will increase the number of transactions Ethereum can process.The Shanghai Upgrade, completed earlier in 2023, allowed Ethereum stakers to withdraw their staked ETH and rewards, improving liquidity and reinforcing Ethereum's transition to PoS. This upgrade and others aim to make Ethereum faster, cheaper, and more scalable in the coming years.If you're looking to keep track of its live price or explore more about the network, platforms like CoinMarketCap or Coinbase offer real-time updates and additional insights.
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