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Review on Ethereum by Keziah Zachariah

Revainrating 5 out of 5

Ethereum is set for a major transition

Hello champs๐Ÿ†๐Ÿ†!

Happy new week to all revainers. Both my fellow Revain authors and dear readers. it's always been my previlage to be able to share my experience on some of the Crypto projects I know. The revain platform is still improving and getting better everyday. Other projects, products can also be discussed here. Products like phones, clothing materials, equipments and so on. There are all available in different categories from the revain platform. So both Crypto and non Crypto project can be discussed here.

Alright I won't want to waste much time. let's talk ETHEREUM.

Ethereum is a Crypto project that deals and runs contract execution.

The Ethereum blockchain is the first altcoin created after bitcoin. so in terms of Market ranking, Ethereum is ranked #2 after bitcoin. Ethereum was created after bitcoin, which is known to be the most valuable Cryptocurrency.

When it comes to utility and smart contract execution, Ethereum blockchain ranks top, with other projects which do similar tasks like Ethereum tag as "Ethereum killer."

Ethereum is a valuable asset in Cryptocurrency. The network has the highest transaction rate so far in Cryptocurrency. The number of transactions carried out on this platform is second to none.

After Bitcoin, the most valuable Cryptocurrency is Ethereum. The bitcoin is a store of value, while ethereum blockchain was created to provide a platform for contract execution. So in terms of utilities, ethereum ranks high ahead of Bitcoin.

The main advantage bitcoin has over ethereum is the fact that Bitcoin was the first token to be introduced to the Crypto world.

The Ethereum blockchain has its native token which is widely known as "Ether," with ETH for short. The ETH is the token that aid every transaction done on the Ethereum blockchain. This token is available in almost every Exchange platform, Crypto wallets etc. The token is currently trading at $1735.67.

The Ethereum blockchain are currently planning an event on the platform. The Ethereum Merge or Upgrade is an event which is scheduled to take place on the 15th September, 2022. After years of delay, we will be witnessing a major upgrade and Transition on the Ethereum network. In the Merge, The Ethereum project will be moving from the "Proof of work" POW to the "Proof of stake" POS. This transition will be the major event that has every occurred on the Ethereum blockchain. There are lots of Expectations for the project after the merge. The merge will bring an upgrade and major improvement to the Ethereum network. Some of the reasons for the Ethereum Merge include:

- Transition from the POW to POS

- To increase the transaction rate on the project.

- To reduce energy consumption on the platform.

It is expected that after the merge, we should be seeing a different version of Ethereum. The merge should be one of the major factor for the price pump, reduction of gas fees, increase in trading volume, a new ATH for the e Ethereum token and so on.

The Ethereum migration will serve as a major boost to the platform. Alot of investors are currently focusing on the platform as we head to the Merge date.

Ethereum has been having a good momentum and performance as we head to the merge. it has been predicted that before the merge date, the token should atleast achieve the $2k it once claimed before been rejected from the price some months back.

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Pros
  • Ethereum has the highest transaction rate in Cryptocurrency.
  • The Ethereum network is set to undergo a major upgrade or transition.
  • Ethereum is the major blockchain that controls smart contract execution.
Cons
  • The transaction fees is still High for the blockchain.

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