Ethereum is a digital platform that adopts blockchain technology and expands its use to a wide variety of applications, while ether is its native cryptocurrency. In the world of digital finance it is common for cryptocurrency to be called the network, although in reality they are not the same.
The ethereum platform, founded in 2015 by programmer Vitalik Buterinsought to be an instrument for decentralized and collaborative applications on which smart contracts (dAPPs) can be made.
Like bitcoin, the price of ether skyrocketed in a short period of time. In January 2016, ether was trading around a dollar and It currently has a historical maximum of 4891.7 units.
The price of ethereum for this day at 09:30 hours (UTC) it is 3175.7 dollarsthat is, the cryptocurrency had a change of -4.37% in the last day.
On the other hand, it registered a change of -0.83% compared to its value an hour ago. As for his popularityis located in position #2.
After several months of delay and with the fear that it would never happen, finally the September 15, 2022 Ethereum carried out its long-awaited merger or update to the new level 2.0 with the promise of improving the user experience of this cryptocurrency.
“The Merge”, English for “The fusion”is a transformation in the way Ethereum processes transactions and how new Ether tokens are created.
This merger is about combining the Ethereum blockchain with a new separate blockchain known as proof-of-stake, which It reduces energy consumption of the Ethereum blockchain by 99.9%, according to its own developers, which makes it more “friendly” with the environment while making transactions cheaper.
His defenders They believe that the merger will give Ethereum an advantage over its main rival, Bitcoin.as it could increase its use.
In the Proof Stake process, Ether owners will lock set amounts of their cryptocurrencies to verify new records in the blockchain, earning new coins in addition to their “staked” crypto.
