Ethereum is a decentralized blockchain platform that runs smart contracts. It was proposed in 2013 by Vitalik Buterin and launched in 2015. Ethereum pioneered the concept of a blockchain smart contract platform and enables decentralized applications. The network is secured through proof-of-work, but plans to transition to proof-of-stake. Notable features include the EVM, gas fees, and the ability to create tokens. Ethereum aims to be a global platform for uncensored decentralized apps, improving transaction reliability through a distributed network. The Ethereum community continues to build out scalability solutions.
In recent Ethereum news, the inflation rate of Ethereum has been reported to be decreasing, now lower than that of Bitcoin. This decrease in inflation rate is due to the burning of Ethereum tokens since the launch of the London Hard Fork.
Pluto Digital has taken a step to reassure Ethereum users by guaranteeing withdrawals from the Ethereum Vault. The company has deposited a portion of its own reserves to ensure users can withdraw their funds safely and without loss. This move comes as the price of staked Ethereum (stETH) decouples on secondary markets.
The Ethereum price today reflects anticipation for the upcoming Ethereum Merge. The Merge signifies a shift in the network from proof of work to proof of stake. This shift has led to an increase in the number of Ethereum addresses holding over 32 Ethereum, a requirement to be a validator on the network. This transition has also led to Ethereum miners moving to other tokens as their role becomes redundant.
The Ethereum Merge is expected to have a significant impact on the crypto ecosystem. It is anticipated to renew confidence in the market, despite a drop in trading volumes. Furthermore, the Merge is expected to cause a drastic reduction in Ethereum's supply, making it a deflationary asset. However, low network usage may delay this expected bullish effect.
With these recent developments, if you're wondering where to buy Ethereum, it's available on most major cryptocurrency exchanges.