▎2. #ETH – $Ethereum

• Digital Currency: $eth

• Year of Creation: 2015

• Founder Name: Vitalik Buterin with a team including Gavin Wood and others

• Country of Founders: Canada / Russia / Multiple Countries

▎Quick Overview of the Project:

Ethereum is a smart contract platform that enables the creation of decentralized applications (dApps) as well as supporting decentralized finance (DeFi) projects and non-fungible digital arts (NFT).

▎Advantages:

• The largest smart contract system in the world.

• A massive ecosystem supporting thousands of projects and tokens.

▎Disadvantages:

• Congestion of the main network leading to high fees.

• Greater technical complexity compared to some other solutions.

▎Companies Involved in Auditing the Project:

Ethereum is an open-source protocol reviewed by numerous institutions and research labs. As for DeFi projects built on Ethereum, each is subject to its own specific audit.

▎Important Note:

After implementing the EIP-1559 upgrade and transitioning to a Proof of Stake system, ETH has sometimes become effectively deflationary as more is burned than issued. One of the most notable historical issues faced by Ethereum was the DAO hack in 2016, which led to the network splitting into ETH and ETC.

Good Investment Areas at Prices

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