Ethereum (ETH): this is why its dominance in DeFi remains indisputable despite the many Ethereum killers that have been launched

Ether, from the Ethereum blockchain, is the second largest cryptocurrency in terms of capitalization. It is Ethereum’s native cryptocurrency which is the first blockchain to be a platform for decentralized application development (DApp). Ethereum introduced the concept of smart contracts, NFTs and many other features which have contributed to the increased adoption of the blockchain.

Ethereum price (ETH): what is the current price?

Here is the Ethereum live price.

Everything you need to know about Ethereum

Creation of the crypto ETH

Ethereum was launched in November 2013 by Vitalik Buterin, a Russian-Canadian computer geek at the age of 19. His white paper, produced after three years of cryptocurrency research and development, has provided solutions to the limits of Bitcoin.

In addition to the transfer of values, Buterin wanted to launch a real IT development platform that would host a new type of applications, called Decentralized Apps or DApps. These applications, like cryptocurrencies, benefit from the properties of the blockchain. They are decentralized and resist censorship. The execution of DApps is facilitated by smart contracts, which are programs that allow network users to exchange data.

Only Vitalik Buterin, one of the eight Ethereum co-founders, is still actively working on Ethereum, with obviously new talent around him. Charles Hoskinson and Gavin Wood launched competing blockchains (Cardano and Polkadot), while Anthony Di Iorio, Amir Chetrit and Jeffrey Wilcke moved on to other projects.

How does Ethereum work?

The ether, like Bitcoin, can be used to purchase goods and services. Its price has also risen rapidly in recent years, which could make it a speculative investment.

However, Ethereum is unique in that users can create applications that work on the blockchain in the same way that software works on a computer. Personal data can be stored and transferred and financial transactions can be processed using these programs. Additionally, through the Ethereum Virtual Machine, Ethereum allows programs that include smart contracts to interact with its blockchain.

Crypto ETH: our opinion and forecast for 2022

  • ETH Global Mirror Mag Rating: 7/10

Opinion on the project

Thanks to the numerous blockchain applications, Ethereum has become the center of decentralized finance. The network is very reliable and has the support of several large multinationals such as Microsoft, IBM and Banco Santander.

Price volatility warning

Ethereum is one of the most stable cryptocurrencies. Violent fluctuations are becoming less frequent and prices are becoming more predictable.

Mid-term ETH price prediction

After the 2021 retracement, the price of ETH became more attractive. We can take advantage of it to play at the highest prices of 2021.

Long-term ETH price prediction

Goals of $ 5,000 and $ 10,000 are expected as the Beacon chain that will lead Ethereum to proof-of-stake consensus is expected in 2022.

Conclusion: should you invest in Ethereum cryptocurrencies?

Ethereum is the cryptocurrency project that is attracting the most interest from large companies. Its dominance over decentralized finance remains indisputable despite the many killers of ethereum that have been launched.

Useful resources for investing in Ethereum (ETH)

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