What is Ethereum (ETH) & how does it work?

Ethereum has a native cryptocurrency called ether (ETH). It is purely digital, and you can send it to anyone anywhere in the world instantly. The supply of ETH isn’t controlled by any government or company - it is decentralized and completely transparent. New coins (also commonly called tokens) are issued only to stakers who secure the network.

Should you build on Ethereum?

“ regulators will look at this and say, ‘Okay, that was easy. ’ And if Ethereum becomes a centralized, censorship-controlled chain that also has bad scalability, then there’s no point in building on Ethereum any more,” says Lachlan Feeney, the founder and CEO of the blockchain consulting and development company Labrys.

Is Ethereum centralized and censored?

Ethereum has shown worrying signs of centralization and censorship since its merge last month. L ast month, the blockchain Ethereum celebrated the successful completion of the merge, a long-anticipated technical update.

What is the Ethereum merge?

L ast month, the blockchain Ethereum celebrated the successful completion of the merge, a long-anticipated technical update. The merge made Ethereum far more environmentally sustainable and harder to hack, and it laid the groundwork for the network to scale toward mass adoption.