Ethereum (ETH) Price Prediction 2023–2025, update 2nd of February
Exactly What Is Ethereum (ETH)?
Ethereum is a public, distributed blockchain platform that provides the underlying infrastructure for smart contracts. Cryptocurrency miners on Ethereum create Ether as a reward for their work securing the blockchain.
On July 30, 2015, the network went live. By that time, 72 million coins had been produced. As of April 2020, this accounts for around 65% of the overall supply. The protocol currently utilizes a PoW consensus process but will soon switch to a PoS strategy. We anticipate this to take place by the middle of 2022.
Ethereum (ETH) Price Prediction 2023
In a recent meeting, Ethereum’s core developers reviewed the direction of the Ethereum Shanghai Upgrade and brainstormed ideas on how to improve Ethereum. The next Ethereum Shanghai Fork Upgrade will implement numerous important enhancements and modifications to the EVM capabilities of the Ethereum network. Before the official launch.
On October 14 of this year, the Ethereum Foundation unveiled a pre-Shanghai testnet. The Ethereum Upgrade will be tested and finalized on a special testnet called Shandong. It will likely appear in the Shanghai Update itself when it is released.
