Ethereum

Ethereum (ETH) is the second most prominent and valuable blockchain and cryptocurrency, created in 2015. The founders of Ethereum saw not just an opportunity but also a need for a blockchain ecosystem that expands far beyond the functionalities and use cases of Bitcoin. While Bitcoin realized the vision for decentralized money, Ethereum envisioned decentralized applications (DApps). The development of DApps is made possible through implementing smart contracts. Although Ethereum was the first of its kind to integrate smart contracts, many blockchains later followed. Because of Ethereum’s innovations, the world now witnesses and era of DeFi and Web3. Ethereum used the same PoW consensus mechanism as Bitcoin, but changed it to Proo-of-Stake (PoS) in order to provide more scalability to its users whilst maintaining security. The native cryptocurrency of Ethereum blockchain is called Ether (ETH). Apart from having an exchange value, ETH is also used as the “gas” for Ethereum blockchain, its transactions, and its smart contracts. At CoinCupDaily, we aim to unravel the critical information and news on Ethereum. How has Ethereum evolved since its invention? How do Ethereum blockchain and smart contracts work? How does the price of ETH rise and falls and how can traders earn from its price movement? What is the most recent bitcoin price analysis?