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[BMF]

Ethereum is also a popular cryptocurrency like Bitcoin but has significant differences. It is an open source, decentralized and distributed blockchain network. Bitcoin can be used only as a digital currency whereas Ethereum is used as a technology to build new programs on top of that. In a nutshell, Ethereum is far advanced in terms of technology when compared with other cryptocurrencies. Ethereum was released in the year 2015. The currency of Ethereum is called Ether and is denoted by ETH.

Pros:

1. Smart contract: This is the most significant feature of Ethereum. Smart contracts are nothing but computer programs that gets automatically executed on the blockchain technology if it satisfies the given set of criteria. Developers can create their own codes and run them in the blockchain technology using smart contracts. They can run without any fraud or interference from the third party systems.

2. Low maintenance cost: If you can integrate or sync your system to the Ethereum blockchain, you can reduce the maintenance cost as it is completely managed by the blockchain technology of Ethereum.

3. Data security: Currently, the integrity and security of your confidential data depend on the third parties as they are stored on their servers. Ethereum technology aims to provide more control over the data to the creators than the third pay systems thereby reducing the chance of hacking.

4. Faster transactions: The average time taken to get confirmation for an Ether transaction in the blockchain is close to 3 minutes. So, it is faster when compared to Bitcoins.

Cons:

1. Gas fees are more for large-scale platforms.

2. Ethereum is used more as a technology than as a currency.

3. Ether is not widely accepted by merchants and is more used for internal purposes like paying transaction fees in the Ethereum blockchain.

 

[Yugocean]

Value Climbing

Ethereum value is right now at $1.69 level, it is climbing since there is positive news of Holesky test net replacing Goerli. Day traders earned profit with ETH while HODLers are also in profit

 

[Yugocean]

$1.7k

Ethereum crossed $1.7k, the bull rise created by Holesky testnet helped it. By this speed, it might reach $1.8k, its previous stable point. If bulls keep up, $2k is not far behind. However, no guarantee.

 

[Yugocean]

Back to $1.6k

The live launch of the Holesky testnet roused Ethereum bulls and brought greenery to crypto market. ETH rose to a high of 1.7k level but soon it dropping to its current stable of 1.6k.

 

[Ptrikha90]

Value Climbing

Ethereum value is right now at $1.69 level, it is climbing since there is positive news of Holesky test net replacing Goerli. Day traders earned profit with ETH while HODLers are also in profit

So that means we can go for buying more of Ether?
And your Location "Earth" makes me laugh !!

 

[bulkcheapservice]

Ethereum has had a profound impact on the blockchain and cryptocurrency space, leading to the creation of a vast ecosystem of projects, tokens, and decentralized applications. It has also been instrumental in popularizing the concept of smart contracts and decentralized finance (DeFi), which have gained significant attention and adoption in recent years.

 

[Yugocean]

So that means we can go for buying more of Ether?
And your Location "Earth" makes me laugh !!

Crypto is borderless, so we should be in Earth rather a region. Prithvi is our Goddess.

Buying ETH is your choice, I cannot give guarantee to its fiat based value, which may go in any direction, currently at $1.6k level.

 

[Yugocean]

Value at $1.54k
In last one hour ETH value made a 0.2% gain, enough for smart traders for 0.1% profit after fees. Yet the value is so low that it is down 5.1% in a week. Now people are creating memes, but also there are buy the dip buyers.

 

[BaleegNajar]

You've provided a comprehensive overview of Ethereum's advantages and drawbacks. The emphasis on smart contracts, lower maintenance costs, improved data security, and faster transactions highlights its appeal. However, the mention of gas fees, its primary use as a technology, and limited merchant acceptance are essential points for potential users to consider. Understanding these aspects is key to harnessing Ethereum's potential effectively.

 

[Yugocean]

The Gas fees is not a big issue now (till there is not a rush), former ETH miners know how to set low gas fees (miners were the collectors). Now however gas fees is used as incentives for staking.

 

[Ptrikha90]

Crypto is borderless, so we should be in Earth rather a region. Prithvi is our Goddess.

Buying ETH is your choice, I cannot give guarantee to its fiat based value, which may go in any direction, currently at $1.6k level.

Yes as per our Historical philosophy, the Whole Earth is our home.
Alas, all these land and sea boundaries come in between!

 

[Yugocean]

ETH in better compression to BTC
Ethereum is performing better than Bitcoin, although Bitcoin is on $35k level right now, Ethereum is improving by reaching $1.9k, this achivement before BTC reach $36k

 

[Yugocean]

2k and Bullish
The price of Ethereum has been stuck at the level of 2k for a long time, now it has gone above $2.2k. The odds of Ethereum's value going down are slim, but that's my guess, not a suggestion.

 

[Yugocean]

2.3k

Although the price of Ethereum has not increased much, a steady increase has been recorded. The value of Ethereum has increased by 5% in the last 24 hours, while the value of Bitcoin has dropped by 1% during this time.

 

[Yugocean]

ETH dumping controversy
Ethereum co-founder Vitalik Buterin recently transferred 500 ETH to Coinbase Although Buterin says he donated the ETH, many analysts say Buterin is selling his ETH.

 

[Yugocean]

Buterin Update

In a recent blog post, Vitalik restated Ethereum's core principles, which include permissionlessness, decentralisation, resistance to censorship, and open source. Nevertheless, it only discusses a portion of the Ethereum ecosystem rather than the entire one.

 

[cmoneyspinner]

I had to choose between Ethereum and other altcoins. I picked Cosmos, Polkadot, and Solano instead. I only had so much money to buy and Coinbase paid a higher rate if you staked those coins, instead of staking ETH.

 

[Yugocean]

Dencun on Goerli
Recently, the Dencun update was launched on the Goerli testnet; however, it did not finish in the allotted time. However, Ethereum experts are still positive about the number of blobs.

 

[Yugocean]

Wilcke Dumping?

Since last year, Co-founder of Ethereum Jeffrey Wilcke has been sporadically moving his ETH to the Kraken exchange. This makes ETH more liquid on Kraken, but does Wilcke sell his ETH for cash?

 

[Yugocean]

4k
Ethereum Dencun upgrade will happen this week, although most of the investors are taking less intrest, but Ethereum has managed to reach $4k before upgrade after Vitalik announced he is starting Hardfork.

 

[Warfare]

Dencun Upgrade is live
Good news for Ethereum layer 2 blockchains, as they have significantly lower gas fees, but not for Ethereum itself.
Hopefully, that issue will be tackled in the future with sharding.

Data from IntoTheBlock: