Ethereum

The Ethereum network was created by Vitalik Buterin and Joe Lubin, founder of ConcsenSys, a blockchain software company. Its native currency is called Ether, Ethereum coin, or just ETH.

Although it is closely linked to Bitcoin, the two have more differences than similarities.

Ethereum is the ‘world’s programmable blockchain’, supporting hundreds of crypto-related projects. On the other hand, the Bitcoin blockchain only supports the bitcoin cryptocurrency.

This open-source blockchain has more real-world applications outside third-party payments, such as gaming, virtual reality, smart contracts, and NFTs.

As a cryptocurrency, ETH is known for being volatile, going on massive bullish and bearish runs within short amounts of time. Here are some reasons:

• Protocol changes that affect supply, such as destroying ETH coins in circulation and gas fee burns.


• Lower transaction fees.


• Increased rewards for staked investors.


• Success of ETH-backed projects like Uniswap, MakerDAO, Decentraland, and The Sandbox.


• Rise or drop in popularity of Non-Fungible Tokens (NFTs).