Ethereum is a decentralized, blockchain-based platform that allows anyone to build and execute decentralized applications (DAPPs). ETH is a cryptocurrency created for working on the Ethereum blockchain
How is Ethereum different from Bitcoin?
In general, the way Ethereum works is inspired by Bitcoin. is to use the same technology But they are different in that Bitcoin was created as a currency. Ethereum was built to be a new kind of computing platform. that brings blockchain security to use and extends its features to a wide range of applications from financial instruments, games to complex databases.
How is Ethereum worth?
The value of Ethereum is determined by different markets. as well as other assets. People buy using bitcoins, dollars, euros and other currencies. But why is it set like this? It is still a difficult question to answer. For some investors, the value of Ethereum depends on its flexibility as a platform for issuing fixed-price coins and for running Defi applications. As a result, the user base grows. And there are more fees too.
What else is new with Ethereum?
As of early 2021, Ethereum hosts a wide range of blockchain applications. Currently, popular fixed-price coins like USDC and USDT are mostly based on Ethereum. But with new products being produced to compete with Ethereum. As a result, Ethereum continues to evolve until the transition to Ethereum 2.0 is implemented.
Ethereum 2.0 is a major upgrade to the Ethereum network. which is designed to grow the network along with increasing safety, speed and efficiency. The transition is expected to take two years and started in December 2020.
What is Ethereum 2.0 necessary for?
Moving popular digital assets to new platforms is a complex and complex endeavor. but for better performance in various fields. This is necessary because the Proof of work method implemented in Ethereum 1.0. To verify that transaction causes a bottleneck. It also causes higher fees and consumes a lot of resources (electricity).YouGov, a UK-based research firm, reveals that Ethereum is popular among younger Thais, with 58% of Ethereum holdings being millennials. Most Thai people tend to buy ethereum for speculation. However, if you are interested in buying ethereum in Thailand, you can buy it directly through the Crypto beta service from Coins.co.th. Buy ethereum in Thailand