Cryptocurrency Market: What is the price of Ethereum?

Ether, also known as Ethereum, is the #2 virtual currency by market capSo it is one of the cryptocurrencies that arouses the most interest among miners (creators of cryptocurrencies).

Ethereum is an open source blockchain platform that operates using Your local currency, which is called Ether or ETHAlthough people use these names synonymously, they are different things.

Ether is a token specifically used in the Ethereum blockchain. To pay transactions. This code is responsible for driving almost everything that happens on the network, which anyone can use to create and execute smart contracts, which are programs that operate independently and without user intervention.

According to the Binance portal, the digital currency Ethereum currently has 120.07 million units created.

The value of the cryptocurrency Ethereum Today at 09:30 (UTC) it is $3345.4 per unit.

This means that the digital asset has been reported Changed 1.74% in the last 24 hours Beside A difference of 0.26% in the last 60 minutes.

Currently, Ethereum is ranked second in popularity in the digital market. It is worth noting that the historical maximum reached by this cryptocurrency is $4891.7 per unit.

After many months of delay and fear that it would never happen, finally September 15, 2022 Ethereum has carried out its long-awaited consolidation or upgrade to the new level 2.0 with the promise of improving the user experience of this cryptocurrency.

“merger”, English for “Fusion”is a shift in the way Ethereum processes transactions and how new Ether tokens are generated.

This merger is about Combining the Ethereum blockchain and the new separate blockchain Known as Proof of Stake, which It reduces energy consumption of the Ethereum blockchain by 99.9%, according to its developers, making it more environmentally “friendly” while making transactions cheaper.

His defenders They believe the merger will give Ethereum an advantage over its main competitor Bitcoin.because it may increase its use.

In the Proof Stake process, Ether owners will lock specific amounts of their cryptocurrencies to verify new records in the blockchain, earning new coins in addition to their “staking” cryptocurrencies.