Ethereum Guide by Sunil Sharma | Understanding Blockchain & Crypto
Learn what Ethereum is and why it matters with Sunil Sharma’s crypto guide. Discover smart contracts, dApps, Ethereum 2.0, and the future of blockchain technology.
Cryptocurrency has completely transformed the financial
world, and of all digital assets, Ethereum has proven to be the most
revolutionary. While Bitcoin is known as digital gold, Ethereum is the backbone
of decentralised applications (dApps) and smart contracts. In this blog, Sunil
Sharma – your trusted crypto coach – will tell you about Ethereum, how it
works, and why it is the future of blockchain technology.
What is Ethereum?
Ethereum is a decentralised, open-source blockchain platform
that allows developers to build and launch smart contracts and dApps. It was
founded in 2015 by Vitalik Buterin and today it is the second largest
cryptocurrency after Bitcoin. It has its own currency called Ether (ETH), which
is used to finance transactions, pay fees, and run applications.
Key Features of Ethereum
Smart Contracts – Automated contracts that do not require
any middlemen in between.
Decentralized Applications (dApps) – Useful applications in
areas like finance, gaming, supply chain, etc.
Ethereum Virtual Machine (EVM) – A universal platform for
running blockchain applications.
Proof of Stake (PoS) – It has become more energy-efficient
and scalable after the Ethereum 2.0 upgrade.
Why is Ethereum important?
Financial innovation – Powers the world of DeFi
(Decentralized Finance).
NFT revolution – Most non-fungible tokens are built on
Ethereum.
Global acceptance – Adopted by developers, startups, and
companies around the world.
Security and transparency – All transactions are immutable
and verifiable on the blockchain.
Ethereum vs Bitcoin
Purpose: Bitcoin is primarily a store of value, while
Ethereum is a platform for building applications.
Technology: Ethereum supports smart contracts and dApps;
Bitcoin does not.
Speed: Ethereum processes transactions faster than Bitcoin.
The future of Ethereum
With the growing influence of Web3, NFTs and DeFi,
Ethereum's role will only grow stronger. Upgrades like Ethereum 2.0 (The Merge)
are making it more scalable, sustainable and efficient, ensuring it remains the
leading blockchain for innovation.
Conclusion
Ethereum is not just a cryptocurrency, but a
technology shaping the future of the digital world. As Sunil Sharma
explains, investors, developers and businesses should keep an eye on Ethereum's
progress, as it remains the centre of blockchain innovation.
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Originally posted on WordPress
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