What is Ethereum?
Ethereum is an open-source blockchain conceived in 2013 by Vitalik Buterin, a renowned Canadian-Russian programmer. However, it was not until July 2015 that the crypto was officially released. The community-run technology powers the ether cryptocurrency plus thousands of other decentralized apps.
What makes ether to stand out is the EVM, Ethereum Virtual Machine, as it makes the mining procedure of the decentralized apps both easy and efficient. It is now simple to develop apps thought as impossible using blockchain technology.
Since its establishment, Ethereum has undergone drastic changes to upgrade the core functionality of the crypto. Interestingly, Ethereum 2.0 is in the works, with the first phase already released. One of the extras that Ethereum 2.0 is bringing is the transition to proof of stake. In addition, the upgrade will also bring enhanced transaction throughput. The aim is to boost the crypto's network to push transactions from 15 per second to thousands per second.
Today, Ethereum is among the most popular cryptos and is actually the second after bitcoin in terms of market capitalization.
There have been concerns over the legitimacy of cryptos. But then, Ethereum is a legit crypto with a promising future, especially once Ethereum 2.0 is fully rolled out. It's also a good investment, and lately, it has been showing great potential for massive gains in the future. That said, Ethereum is an excellent deal for gamblers looking for the best cryptocurrency for gambling.
