Ethereum (ETH): Brief
1. What is it?
A platform for creating decentralized applications (dApps) and smart contracts on the blockchain. The second most popular cryptocurrency after Bitcoin.
2. Key features:
• Smart contracts: Programs that automatically perform actions when conditions are met.
• dApps: Decentralized applications for finance, games, NFTs, and other areas.
• Tokens: Other cryptocurrencies are created on the basis of Ethereum (for example, USDT, DAI).
3. Emission:
Unlimited, but controlled through the mechanism of burning part of the commissions.
4. Price (as of December 27, 2024):
Approximately $ 1,572 for 1 ETH.
5. How to use:
• Purchase on the exchange (Binance, Coinbase).
• Storage in a wallet (MetaMask, Ledger).
• Participation in DeFi, NFTs, and games.
6. Risks:
• High volatility.
• High fees during network congestion.
Key: Ethereum is more than a cryptocurrency; it is an entire ecosystem for blockchain innovation.$ETH