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Can someone give a brief summary of what Ethereum is? Is it a crypto that will be merging with some other crypto? How does it relate to Ethereum 2? Are they goi

• pteraspidomorph 5y ago
  To quote wikipedia: > Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (ETH) is the native cryptocurrency of the platform. It is the second-largest cryptocurrency by market capitalization, after Bitcoin. Ethereum is the most actively used blockchain. It's a blockchain whose token wasn't intended as a cryptocurrency but as a medium for paying for having a program ("smart contract") stored on it run on every node of the network. In practice this can be used for all sorts of things, including bootstrapping the vast majority of other cryptocurrencies currently in existence, but under the current system it can't process transactions effectively enough to be useful in that manner. As I understand it Ethereum 2, which is a really long term thing they've been doing for years, is meant to gobble up the original Ethereum completely once all stages of deployment are completed (any prior forks that may happen would remain independent, I guess).
  • silicon2401 5y ago
    thanks for the explanation. interesting read; don't really get it, but worth looking into more.
• danlugo92 5y ago
  It's like Bitcoin except it has vulnerabilities so will be hacked (and it already has been) or taken over by the Zuckerbergs of the world when the incentives are high enough in the future (maybe 5 or 10 years) then it will implode.