The main contender to Bitcoin in the crypto world, but still - Ether is seen as the number one by most people for DeFi transactions, since many alternative tokens are created on the ERC-20 blockchain. While the main advantage is the scale, the main drawback is the transaction costs. When ETH 2.0 is fully rolled out, hopefully ETH will reach even higher usage.
Briefly about Ether
ERC-20 is the blockchain on which Ether operates. Thus, it’s just like Litecoin, BTC, and any other digital coin you might have heard about. However, the only difference with ERC-20 is that, unlike other coins that run on their own blockchain, it’s primarily issued on the Ethereum network. There’re many reasons you’ve got to love ERC-20. The first advantage is that compared to many other coins, it’s fast and highly reliable. The cost of transactions is also highly competitive. For instance, you’ll need around $100 to complete your transactions even for small businesses. That’s a good rate, compared to other cryptocurrencies that might charge you way more than that. Many online and offline stores let their customers complete transactions through ERC-20, thereby making it highly reliable.
The leader of DeFi coins, allowing anyone to deploy decrentalized apps.CryptoLists.com
Why care about ETH?Since its launch in 2015, Ether has proven to be one of the safest digital currencies in the world. It’s safe, convenient, and is not controlled by any decentralized bank or government. That’s the reason it’s fast becoming every trader and user’s favourite coin. The system goes beyond just leveraging a technology that encourages the use of crypto. It’s currently known to be the largest and also the most open-ended software platform. For example, Ether makes it possible to deploy contracts. No downtime or fraud has been reported about ETH since it was launched more than five years ago. Additionally, it encompasses its unique programming language that operates on blockchain. Thus, developers can easily craft and launch an array of distributed applications.
Utility of Ether?
Most crypto tokens use the Ethereum blockchain (ERC-20), which make Ether most useful cryptocurrency in the whole ecosystem. Many amazing developers have now moved on from Ether and are starting new coins and tokens, that rarely even come close to the same level as Ether.
Ether Price details
Last updated: August 18, 2022, 12:38 pm
›› ETH tokenomics and social media
Advantages at Ether+ Ether is the most used cryptocurrency in the world.
+ Very quick deployment over the last 5 years.
+ An amazing network size, scalability and performance.
+ Ether ranks as the main coin for smart contracts and dApps.
Disadvantages- High gas and transaction fees (often over 80 USD at peak hours).
- Proof of Work instead of Proof of Stake, gives less rewards.
- High fluctuation in price, even more than BTC and most other cryptos.
- Scaling issues are becoming a bigger issue every year.
Costs▪ Rated at 7/10
The gas fees for transfering Ether have skyrocketed the recent years. This is one of the main issues on the current Ethereum network and for tokens launched under the ERC-20 standard. This is also why the BSC (Binance Smart Chain) tokens have become hugely popular as transfer costs are a lot cheaper.
Reputation and Buzz▪ Reputation rated at 10/10
▪ Buzz rated at 10/10
A stellar reputation, that is draw down by the high transactions fees. The stability and buzz around ETH, seems to never stop. After all, Ether is the giant in the cryptocurrency ecosystem and will continue to be.
Some of the developers involved in Ether▪ Rated at 10/10
The logos below represent some of the developers who have been involved in Ether. Check out the developer about page, by clicking the logo. There you can see what coins they have developed and at what exchanges, brokers and trading platforms their coins are available.
Why is Ether so great?
Got a lovely architecture and can handle millions of transactions a day.
What is the highest value Ether ever had?
Would you like to purchase or invest in ETH? Well, it’s more of a goldmine. Just on 11/08/2021, the crypto hit the highest value in history, at $4812 for every coin. Though it later went down, there’re even better days ahead.
Is It Safe to purchase Ether today?
Whether you’re an investor, a random user, or a company, you should consider investing in Ether. The system is one of the safest, which is why it has many users globally. Since you can shop and complete transactions without revealing your identity, the system is one of the safest out there.
Where can I learn how to trade Ether?
It’s possible to learn how to trade ETH on trusted online websites. Just do your due diligence and read reviews on various companies that offer training on Ether. Though some websites are entirely free, you should go for the ones that charge a little fee since they tend to have the best resources to share.