Ethereum is the community-run technology powering the cryptocurrency, Ether (ETH) and thousands of decentralized applications.
It’s a technology that’s home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It’s open to everyone, wherever you are in the world – all you need is the internet.
A fairer financial system
Today, billions of people can’t open bank accounts, others have their payments blocked. Ether’s decentralized finance (DeFi) system never sleeps or discriminates. With just an internet connection, you can send, receive, borrow, earn interest, and even stream funds anywhere in the world.
The internet of assets
Ethereum isn’t just for digital money. Anything you can own can be represented, traded and put to use as non-fungible tokens (NFTs). You can tokenize your art and get royalties automatically every time it’s re-sold. Or use a token for something you own to take out a loan. The possibilities are growing all the time.
An open internet
Today, we gain access to ‘free’ internet services by giving up control of our personal data. Ethereum services are open by default – you just need a wallet. These are free and easy to set up, controlled by you, and work without any personal info.
A new frontier for development
The community is made up of people from all different backgrounds and interests.
Ethereum 2.0 (Eth2)
Ethereum 2.0 is a program of interconnected upgrades designed to make it more scalable, secure, and sustainable. This will help bring ETH into the mainstream and serve all of humanity.
Ethereum needs to support 1000s of transactions per second, to make applications faster and cheaper to use.
Ethereum needs to be more secure. As the adoption grows, the protocol needs to become more secure against all forms of attack.
Ethereum needs to be better for the environment. The technology today requires too much computing power and energy.
How it’s being done
The Beacon Chain
The first Eth2 addition to the ecosystem. The Beacon Chain brings staking to Ethereum, lays the groundwork for future upgrades, and will eventually coordinate the new system.
With staking, this means if you have ETH, you can do a public good by securing the network and earn more ETH in the process.
Mainnet Ethereum will need to “merge” with the Beacon Chain at some point. This will enable staking for the entire network and signal the end of energy-intensive mining.
Shard chains will expand Ethereum’s capacity to process transactions and store data. The shards themselves will gain more features over time, rolled out in multiple phases.
Ethereum BSC contract:
Ethereum TomoChain contract:
Ethereum Heco contract:
Ethereum Avalance contract:
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The content on this site is for informational and educational purposes only and is not intended as a substitute for professional financial advice. As always, DYOR/Do Your Own Research.