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What currency does Ethereum have (is Ethereum valuable)

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What currency does Ethereum have

What currency does Ethereum have Ethereum is a digital currency, different from Bitcoin, Monero and other crypto assets, its total issuance is only 21 million. According to the introduction, Ethereum token, rather than Bitcoin, is the most widely used in the blockchain network. In addition, Ethereum is the second largest decentralized application (DApp) and smart contract platform in the world; It can be used to pay transaction costs and support NFT projects, and also allows developers to create decentralized applications based on the Ethereum platform

Is Ethereum valuable

Editor’s note: This article is from the vernacular blockchain (ID: hellobtc), the author is 0x29, and Odaily Planet Daily has been authorized to reprint it

The price of Ethereum began to rise all the way at the end of last year. By the end of the press release, it had risen to about $10000. Although it has not yet reached the highest point in history, it is still worthy of our attention and research. In particular, what does the high price of Ethereum mean to everyone Let’s take a closer look at what ETH is? Why is it so expensive? How did it come about? What is its value? What benefits can it bring to investors? Can it become the bottom chip for the next bull market

At present, Ethercoin outperforms other mainstream Cryptocurrency such as Bitcoin and Litecoin, but its total market value is still lower than Bitcoin. In addition to Ethereum, there are also some counterfeit coins, including ADA, LINK, AAVE, SNX, and TUSD, among others. Therefore, if Ethereum does not reach or cannot exceed the price at which it was issued, it is difficult to generate such emotions as they cannot be widely accepted as an asset class

Ethereum is a digital cash system based on the blockchain network, which realizes verifiable computing through smart contracts. This mechanism can be used to generate new transaction data or perform block restructuring. These algorithms use the PoW (Proof of work) consensus mechanism to ensure the continuity of activities on the chain and ensure network security At the same time, due to the high cost of mining, it is difficult for the excavated Ethereum to circulate. Therefore, when users want to participate in mining, they must consume a certain amount of electricity (at least 5 cents per kilowatt hour). This makes Ethereum more suitable for ordinary people to participate in mining. This is mainly because Ethereum has the characteristics of high security and scalability, so the number of tokens on Ethereum is relatively limited and scarce; In addition, since Ethereum has many application scenarios, the market demand for Ethereum is also strong, so Ethereum also has high demand potential. What is Ethereum

At present, Bitcoin and Ripple are recognized as the second largest virtual currency, while Ethereum is a completely informal project, and Ethereum is also the most popular virtual currency in the world. According to data from CoinMarketCap, the current market share of Ethereum is 24.4%, an increase of 2.6% compared to the beginning of the year, while EOS and TRX ranked third in the same period, accounting for 16.7%, 10.8%, 10.5%, and 11.2%, respectively

In addition, Ethereum’s competitors are Wave Field TRON, NEO, IOST and IRISnet. In contrast, the market share of wave fields is as high as 26.3% So does Ethereum have any advantages? What is its value The answer is very simple. The advantages of Ethereum lie in its anonymity and low handling fees. Moreover, as it does not rely on centralized servers for business processing,

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