What is ethereum, and how does it work?

laatste update: 08-2022

Ethereum is the world’s second-biggest cryptocurrency, and it’s giving bitcoin a run for its money.

Ethereum once was seen as bitcoin’s little brother. Now, things have changed.

The ethereum cryptocurrency, known as ether, has claimed a sizable share of the crypto market. And its underlying blockchain platform is powering innovations in the space, from decentralized finance to non-fungible tokens.

But technical issues with the ethereum network are proving costly, with users being forced to pay high “gas fees” to make transactions. And a flood of new tokens known as “ethereum killers” are hot on its tail.

That could be about to change as ethereum moves over to a new standard which proponents say will make it run more efficiently.

#CNBC #Ethereum #Crypto


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30 gedachten over “What is ethereum, and how does it work?”

  1. Funny them talking about Bitcoin being a store of value, but they don't admit Ethereum will have less inflation than Bitcoin after the MERGE.

  2. Ethereum might flip Bitcoin at some point, because it's a banker coin, but it will go back below BTC as countries adopt it and as it becomes the world's reserve currency.

  3. GO ETH!! 👑 Yes high fees as they have NOT compromised unlike the apparent ‘ETH killers’

  4. Is it necessary to still show a PHYSICAL coin to talk about cryptocurrencies??? REALLY!?!?! 2022 guys!!

  5. ETH is BS and ridiculous gas fees. Anyone that claims to know which or if any cryptocurrency will succeed is full of sh*t. I love it when people regurgitate the same sh*t that’s been said 100,000 times before hoping it sounds different.

  6. bitcoin cant be controlled that is why it is king and always will be, with everything becoming more regulated sure ethereum might take off but bitcoin i think will be worth alot once people realize its true worth

  7. I think Eth IS the king of crypto because of all that is going on with it. $hitcorn was anonymously made them abandoned and people treat it like a security. XRP might be king once it’s used for cross border payments. Nfts built on Ethereum are silly but there are stable coins built on it too

  8. Ethereum, crypto generally are just tool to fleece people. They are neither real nor stable and should be totally avoided.a friend of mine lost his life savings when Luna crashed and he is still yet to recover. Believe or put your money in any of them at your own peril.

  9. Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

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