Ethereum is a decentralized, open-source blockchain platform that enables the development of distributed applications (dApps) and smart contracts. It was created in 2015 by Vitalik Buterin, a Russian-Canadian programmer, and is the second-largest cryptocurrency by market capitalization. Ethereum is used to create and execute decentralized applications and smart contracts, as well as to facilitate the transfer of digital assets and currencies. Ethereum can also be used to store and transfer value, and to create and execute decentralized autonomous organizations (DAOs).
The all-time low price of Ethereum was $0.420 on October 21, 2015, and the all-time high price was $4,864.97 on November 10, 2018.
Ethereum can be stored in a variety of wallets, including hardware wallets, mobile wallets, desktop wallets, and web wallets.
Ethereum can be transferred using a variety of methods, including peer-to-peer (P2P) transactions, exchanges, and decentralized applications (dApps).
Ethereum can be used for a variety of purposes, including creating and executing smart contracts, transferring digital assets and currencies, and creating and executing decentralized autonomous organizations (DAOs). It can also be used to store and transfer value.
Ethereum has moved away from its original Proof-of-Work (PoW) consensus algorithm to a new consensus algorithm called Proof-of-Stake (PoS). PoS is a more energy-efficient consensus algorithm that requires users to stake their Ether (ETH) in order to validate transactions and secure the network. This means that instead of miners competing to solve complex mathematical puzzles in order to earn rewards, users can simply stake their Ether and earn rewards for validating transactions.
Ethereum miners can now switch to mining Ethereum Classic, which is a hard fork of Ethereum that still uses a proof-of-work consensus algorithm. Other alternatives include mining coins such as Zcash, Monero, and Grin, which all use proof-of-work algorithms.
Ethereum miners can also now switch to staking, which is a form of proof-of-stake consensus. This means that miners can earn rewards for validating transactions on the Ethereum network. An alternative to Ethereum that miners can mine is Zilliqa (ZIL). Zilliqa is a high-throughput blockchain platform that uses sharding to increase transaction speeds. It is a good option for miners who are looking for an alternative to Ethereum.
Posted using Bilpcoin