The second-largest coin in the crypto market

in hive-183397 •  10 days ago 

Assalamu Alaikum


How are you? By the grace of Allah I am also very well and happy. The topic I will discuss with you today is Ethereum. Ethereum is the second most popular cryptocurrency. Ethereum started its journey in 2014 with 40 cents, currently the price of Ethereum is $4000. After Satoshi Nakamoto proposed the idea of blockchain in 2008, people first saw the impact of blockchain, but this blockchain had extreme limitations.

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In 2014, a Russian programmer named Vitalik Buterin took blockchain technology to another level and launched Ethereum in the crypto market. Ethereum is an ecosystem, using Ethereum's blockchain technology, it is possible to create various types of DAB or decentralized applications. DAB was first created in 2017. It was a type of game where KITTEN was bought and sold. It quickly became popular among everyone. Ethereum is basically a network and the currency called Ether is given to miners as a fee. There are many other types of blockchains within Ethereum such as Cardano, US, TON, DND, etc. Despite all these blockchains, the most popular blockchain is Ethereum. Using Ethereum, it is possible to easily create coins and various types of smart contacts. Here anyone can create any smart contact or DAB they want.

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Out of the top hundred coins in the crypto market, 50 were created through the Ethereum blockchain. As the use of Ethereum increased day by day, Ethereum's transactions also started increasing, but Ethereum's transaction capacity was 25 per second. Due to this, Ethereum's transaction costs started to increase, which became a barrier in front of Ethereum. Then Ethereum's owner Vitalik Buterin started working on Ethereum 2.0 and he created it. Along with increasing the transaction speed, he added some more updates to it, such as after the arrival of Ethereum 2.0, its transaction capacity increased to 1 lakh+ per second. Ethereum 2.0 came into the market in 2022, Ethereum is the most important currency in the market after Bitcoin, with it various types of transactions can be made and many projects can be done. If you want to invest in Ethereum, you should first analyze Ethereum.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.

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Upvoted! Thank you for supporting witness @jswit.

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Ethereum revolutionized blockchain by enabling smart contracts and DApps. Its ecosystem powers countless projects. Projects like games, DeFi are available in this blockchain. Despite competition, Ethereum remains the most popular. Its flexibility makes it a top choice for developers. It is exciting innovation in this blockchain world.

It is a great post of The second-largest coin in the crypto market.

Thank you so much.