Categories: Ethereum

Why Ethereum needs better compatibility explained

Almost all of the significant real world crypto use cases are DeFi use cases.

Ethereum (ETH) is arguably the real star of the blockchain world, and even while Bitcoin (BTC) continues its protracted bull run, ETH continues to thrive. & Nbsp;

According to a July report by Consensys, there are now 161 million unique Ethereum addresses, a 10% increase from the end of the first quarter of 2021 and the Total Value of Locked (TVL) of the ETH proof-of-stake ecosystem. reached $ 146 billion in August.

The crypto world is thanks to the ETH that it offers us functionality & nbsp; Smart contracts that enable use cases of Decentralized Finance (DeFi). & Nbsp;

Of course, Bitcoin is the most popular cryptocurrency, but it was designed as a simple, decentralized digital currency. & Nbsp;

As with any currency, its primary use cases are a medium of exchange, a unit of account, and a store of value. The leading cryptocurrency focuses on a simple role and does it reliably, with more transparency, privacy and security and fewer intermediaries, but Ethereum smart contracts take the possible use cases of blockchain technology to the next level.

Coincu

Recent Posts

Pump.fun Attacker Was Arrested By UK Law Enforcement And Is Now Out On Bail

London authorities detain pump.fun attacker, possibly identified as Jarett Reginald Dunn.

43 mins ago

Kraken USDT Support Now Continues Amid Legal Challenges In Europe

The exchange is prepared to comply with the EU's MiCA regulations, but Kraken USDT support…

1 hour ago

Venezuelan Crypto Mining Farms Blocked Amid Energy Crisis

Venezuela's Ministry of Electric Power has disconnected Venezuelan crypto mining farms from the national grid…

2 hours ago

4 Emerging Cryptos Poised for Success in 2024

The crypto scene is constantly evolving, and certain currencies show significant promise for the upcoming…

20 hours ago

5 Altcoins Under $1 That Can Make Millionaires This Crypto BullRun

While some altcoins like PEPE, XRP, ONDO, and PYTH may not show significant short-term growth,…

21 hours ago

Ripple Trading Volume Increases 40% Quarterly Amid Ongoing SEC Lawsuit

Ripple Trading Volume Increases 40% Quarterly Amid Ongoing SEC Lawsuit

1 day ago

This website uses cookies.