Ether, commonly called ethereum, is the #2 cryptocurrency in terms of market capitalizationso it is one of the digital currencies that arouses the most interest among miners (creators of cryptocurrencies).
Ethereum is an open source blockchain platform that runs with the use of your native currency, called ether or ETHso even though people use these names synonymously, they are different things.
Ether is a token that is specifically used on the Ethereum blockchain. to pay transactions. This token is responsible for driving almost everything that happens on the network, which can be used by anyone to create and execute smart contracts, which are software programs that work autonomously and without user intervention.
According to the Binance portal, the digital currency ethereum currently has 120.15M units created.
The price of ethereum for this day at 09:30 hours (UTC) it is 3368.39 dollarswhich means that the cryptocurrency underwent a change of -0.02% in the last day.
On the other hand, it registered a change of -0.22% 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.
