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Today we will talk about ETH, a decentralized open-source blockchain system. According to CoinMarketCap, it is the second most important after Bitcoin and the second to have an ETF approved by the SEC. We will explore the network that changed the game:#EthereumETFApprovalExpectations
1/9 Business Model (Technical Explanation with NFT Example):
Ethereum is the leading platform for smart contracts and dApps. Developers pay fees (gas fees) in ETH to use the network, which are distributed to validators as rewards. After 'The Merge', Ethereum now uses Proof of Stake (PoS) to validate transactions.
Practical Example: Purchasing an NFT
Imagine you buy an NFT for 3 ETH ($7,329). You pay a gas fee of 0.04 ETH ($97.72). Of that fee:
0.02 ETH ($48.86) is burned, reducing the supply.
0.02 ETH ($48.86) goes to the validators.
Ethereum secures the transaction, rewards the validators, and controls inflation. #Crypto #NFTs #ETH
2/9 Technology:
Ethereum is a programmable blockchain that allows the creation of applications without intermediaries. Unlike Bitcoin, its technology enables the creation of smart contracts, which automatically execute agreements when certain conditions are met. #Blockchain
3/9 Culture:
The Ethereum community drives innovation. From decentralized finance (DeFi) to NFTs, it is a vibrant ecosystem that seeks to transform the way we handle money and digital ownership.
#BecomeCreator Web3 #NFTs
4/9 Partnership:
Ethereum has formed partnerships with giants like Microsoft and JP Morgan. It is also the foundation of popular stablecoins like USDC and DeFi projects. Currently, BlackRock holds 440,527 ETH at $2,438.47 each, reflecting the confidence of large investors in Ethereum. #CryptoAdoption
5/9 Trilemma:
The Ethereum trilemma is balancing security, decentralization, and scalability. It is secure and decentralized, but the network is still working to improve its speed. Solutions like Layer 2 and sharding aim to make it faster and more accessible for everyone.
6/9 Profitability:
In the last 2 years, Ethereum has shown solid performance. If you had invested $1,000 on October 25, 2022, today you would have $1,671.39. And if you had done it a year ago, you would have $1,354.97. #CryptoPerformance #Investment
7/9 Investment Alternative:
Ethereum is an alternative to traditional investments. It offers the potential to generate passive income through staking, and its use in DeFi is revolutionizing finance.
#EthereumEconomy #Investments
8/9 Controversies:
Although it is a leader in the industry, Ethereum has challenges. High fees, concerns over centralization in staking, and competition from other blockchains are key issues to consider. Ethereum continues to evolve to stay on top.
#CryptoControversies
9/9 Portfolio:
Ethereum represents 25% of my portfolio. The reason is simple: Ethereum is not just a cryptocurrency; it is the platform on which the next generation of finance and technology is being built. With its ecosystem of smart contracts, decentralized finance (DeFi), and NFTs, I see enormous long-term growth potential.
Note: This thread is not investment advice. Do your own research before making any financial decisions. #CryptoPortfolio #ETH
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