Ethereum News

Ethereum News

Ethereum has been credited with revolutionizing blockchain space through its smart contracts feature. The open-source platform came into being on July 30th, 2015 and since then, it has been considered as one of the most important crypto players in the industry. In terms of market capitalization, Ethereum comes second in the industry, with a total valuation of $45 billion.

It is important to recognize the difference between Ethereum and Ether (ETH). ETH is coin native to Ethereum blockchain and the platform has been significant in the sense that it works without the interference of any third party. There is no involvement of any kind of middle-man and in order to make the transactions safer, the platform avoids the use of any kind of central servers. This has been done deliberately to avoid data exposure and makes it more safe and secure from any kind of threat.

ETH price follows a fluctuating pattern, which is in-line with the nature of the crypto sphere. The latest Ethereum news is usually centered on its development and scalability efforts. The blockchain platform had also made headlines when it made a transition from proof of work to proof of stake consensus mechanism. This was done primarily in order to reduce the higher cost associated with proof of work concept. The move had resulted in sufficient saving of energy, which bodes well for the platform as well as the total crypto industry.