If you’re a cryptocurrency investor, you might be interested in keeping up with the latest Ethereum News. Since the cryptocurrency has rolled back to third place in the top crypto capitalization rankings, it’s important to stay up-to-date with all the latest developments in the industry. This weekly newsletter will cover the latest developments in the world of Ethereum.
Ethereum is a decentralized, open-source platform that serves as a digital currency. Its ether token can be traded just like any other cryptocurrency, and it operates on smart contracts, just like any other blockchain. The Ethereum network is also known for being free from third-party interference and fraud. Those features have helped Ethereum attract a wide range of supporters, including powerful businessmen.
Unlike Bitcoin, Ethereum was created as an open source project without any owner. This means that anyone with a computer and an Internet connection can run an Ethereum node and interact with the network. It differs from Bitcoin in its use of smart contracts, which have enabled a wide range of applications on the network. These applications are known as decentralized apps.
The Ethereum network has suffered from congestion in the past, resulting in spikes in transaction fees. Its new protocol, called Ethereum 2.0, seeks to address this problem. It will restrict staked Ether from being withdrawn until early 2023. This will provide time for the system to test new transaction protocols, and will ensure steady yields for stakers.