⚠️ATTENTION HERE⚠️
Here's some information about Ethereum (ETH) ¹:
*What is Ethereum❔
- Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether (ETH).
- ETH works as a platform for numerous other cryptocurrencies and the execution of decentralized smart contracts.
*Ethereum Statistics.
- Market cap: $458,039,799,688
- Volume (24h): $9,426,496,588
- Circulating supply: 120,143,951 ETH
- Total supply: 120,143,951 ETH
- Max supply: ∞
*What Makes Ethereum Unique?❔*
- Ethereum pioneered the concept of a blockchain smart contract platform.
- Smart contracts are computer programs that automatically execute the actions necessary to fulfill an agreement between several parties online.
- They were designed to reduce the need for trusted intermediates between contractors, thus reducing transaction costs while also increasing the reliability of transactions.
*Ethereum Name Service*
- Ethereum Name Service (ENS) is a distributed and extensible naming system based on the Ethereum blockchain.
- ENS assigns human-readable names to machine-readable identifiers like Ethereum addresses and metadata.
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$ETH 2.0*
- Ethereum 2.0 is a planned upgrade that will transition the network from the current proof-of-work consensus algorithm to proof-of-stake.
- The upgrade will also introduce sharding as a scaling solution.
Let me know if you need more information about Ethereum!
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