What are Ethereum’s Scalability Problems? What To Do About It?
The Ethereum network can process 15 transactions per minute, but scaling is one of its main problems. The gas fees increase as more decentralized apps (Dapps), are added to the network. Last year, coincident with the first bull cycles, Ethereum fees soared to over $40 per transaction making it unaffordable for most people. What […]
Dummy Guide to Ethereum 2.0
Ethereum (ETH), the second most widely used blockchain platform in the world, aims to be everything that its predecessor was. Some of the limitations of Bitcoin are holding back Ethereum, such as its insistence on a Proof-of-Work (PoW), consensus algorithm, and lack of scaling. The multi-phased upgrade to Ethereum, which includes the Beacon Chain and […]
What are Ethereum and ETH?
What is Ethereum? Ethereum is a decentralized computing platform. It can be compared to a computer or laptop, but it does not run on one device. It runs simultaneously on thousands of machines all over the globe, so it doesn’t have a single owner. Like Bitcoin, Ethereum allows you to send digital money. But Ethereum […]
