Bright Ideas: Ethereum (ETH)
Ethereum, as described by its whitepaper, is "A Next-Generation Smart Contract and Decentralised Application Platform.
Price:
$1,586.44
Mkt Cap:
$193,878,691,558
View Coin Page
Project Fundamentals
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- Ethereum is a technology allowing users to transfer and send cryptocurrency to anyone with minimal fees.
- Anyone can have access and use it, land no one can manipulate or take it down.
- It enables the use of digital money without intermediaries or banks, and can use various digital assets.
- It is used as a marketplace of financial services, applications and games that cannot steal data or censor the user.
Partnerships / Implementation
- The Ethereum Whitepaper was originally published by Vitalik Buterin in 2013, and the project was launched in 2015.
- Ethereum is backed by some of the world’s biggest financial institutions and investment banks including Visa, Mastercard, UBS, and JP Morgan.
- Some of the worlds biggest companies with valuations over $1b are integrating blockchain technology into their operations including Amazon, Microsoft, and Samsung.
- Ethereum’s performance has seen exponential growth as a result.
Roadmap and Announcements
- As of December 2021, Ethereum 2.0 (Eth2) is being developed with the aim of making Ethereum more scalable, sustainable, and secure.
- Some of the changes included in Eth2 include the Beacon Chain which allows Ethereum staking, it lays the foundation for future upgrades and will coordinate the new system.
- In 2022, mainnet Ethereum will be required to merge with the Beacon Chain, initiating the complete transition to proof-of-stake.
- In 2023, shard chains will aim to expand transaction and data processing for Ethereum and will be rolled out in stages.
- The next major achievement for Ethereum will be the success of its POS merge on September 15th.
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Fantom (FTM)
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Polygon (MATIC)
Polygon was founded as a scaling solution for Ethereum and aims to be Ethereum’s internet of blockchains.
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Cosmos (ATOM)
Cosmos is an interoperability platform operating as a “decentralised network of independent parallel blockchains"
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Bitcoin (BTC)
Bitcoin is synonymous with cryptocurrency itself and has always been the largest by market capitalisation.