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Information about Ethereum (ETH)
Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.
Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.
The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.
Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.
News
The Senate will decide on Paul Atkins as SEC Chair on April 10, 2025. If confirmed, he may simplify regulations surrounding digital assets like Bitcoin and Ethereum, potentially enhancing market conditions.
Market reactions are bullish, with a current Bitcoin price of 76,513.29 USD and noticeable trading volume shifts. As political opinions fluctuate, investors eye forthcoming changes that could improve regulatory clarity.
South Korea’s top 5 crypto exchanges had a 400% increase in trading volume, exceeding 6.78 billion VND, approximately 4.58 million USD, after false news broke. Despite this, global markets remain shaky with digital assets, including Bitcoin and Ethereum, facing declines.
The false news of a US tariff suspension contributed to panic across markets. The S&P 500 declined by over 10%, indicating recession fears among CEOs. Recent tariffs have added to the volatility affecting cryptocurrencies and heightening investor anxiety.
Tron has generated 12.3 million USD in fees, while Ethereum has reached 6.69 million USD. Despite Ethereum’s fee increase of 89%, Tron maintained a slight fee rise of less than 5%. This week, Tron also led in transaction volume with 56.7 million, vastly outpacing Ethereum’s 8.4 million.
Tron has over 6.1 million active addresses, significantly higher than Ethereum’s 2 million, indicating a shift in user engagement. In March, Tron was the most profitable blockchain, accumulating 51.35 million USD in fees, highlighting its growing appeal for low-cost transactions.
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