All about Ethereum

Ethereum is a decentralized blockchain platform that allows developers to create their own special applications using smart contracts. It is the second-largest cryptocurrency by market capitalization, after Bitcoin.

• Ether: Ether (ETH) is the native cryptocurrency of the Ethereum platform. It can be used for sending and receiving value globally without any third-party interference.
• Smart Contracts: Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. They allow developers to create decentralized applications (dapps) that can perform several functions within the ecosystem.
• Decentralized Finance: Decentralized finance (DeFi) has arguably been the Ethereum network’s biggest achievement. Dapps that can perform several functions within the ecosystem popped up around 2019 to 2020 and are growing in popularity by the day.
• Beacon Chain: In the next major phase of development, Ethereum’s Beacon chain will be bridged to the main Ethereum network and will replace the current, energy-intensive proof-of-work system with proof-of-stake.

Ethereum-based software and networks, independent from the public Ethereum chain, are being tested by enterprise software companies such as Microsoft, IBM, JPMorgan Chase, Deloitte, R3, and Innovate UK. Interested parties include Barclays, UBS, Credit Suisse, Amazon, Visa, and other companies.

Ethereum price predictions for 2023 vary widely. Some experts predict that Ethereum’s price will increase significantly, while others predict a decrease. Here are some of the most notable predictions by different websites and Articles.

According to CoinDCX Ethereum’s price will reach $2250 to $2565 in 2023

According to Techopedia Ethereum’s price will decrease by 14.1% in 2023 to $1,550, but will rise in the following years.

According to Forbes Ethereum’s price will stay in the range of $1,800-$1,900 in 2023.

According to Changelly Ethereum’s price will reach $2,347.14 by the end of 2023, before rising to just under $4,868.52 by the end of 2026.

According to AMBCrypto Ethereum’s price for 2023 should range between $1857.68 to $2786.52, with an average price of $1831.49.

According to CoinPriceForecast Ethereum’s price will be $2,142 by the end of 2023, representing an increase of 15% to the price of the digital asset as of May 23.