What is Ethereum actually used for?

How is ethereum used in real life?

Through its ground-breaking combination of features like smart contracts, Ethereum is used for a variety of innovative applications in finance, web browsing, gaming, advertising, identity management, and supply chain management.

What is ethereum and why is it important?

Ethereum is an open-source, decentralized blockchain technology. Ethereum's native coin is called ether. This coin is one of the largest cryptocurrencies by market capitalization, second only to Bitcoin (BTC). Although ether has a smaller market cap than Bitcoin, Ethereum is the most widely-used blockchain.

Does Ethereum replace Bitcoin?

Ethereum will replace Bitcoin as the leading crypto network, claims Polygon co-founder. According to Polygon's co-founder, Sandeep Nailwal, it is only a matter of time before Ethereum overtakes Bitcoin as the dominant layer-one protocol.

Can Ethereum beat Bitcoin?

Ethereum is outperforming Bitcoin and it can be expected to continue this trend for the rest of 2021,” he said. Green highlighted that Ethereum is up by more than 240%, outperforming all other benchmark assets, while Bitcoin is up less than 38% year to date.

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