What is Ethereum (ETH)?
Ethereum is a blockchain created by Vitalik Buterin 2017. Its features include a higher TPS (Transactions Per Second) than Bitcoin, low gas fees, and a platform that supports ERC20 tokens and ERC1155 NFTs.
What is different about Ethereum 2.0?
Ethereum is upgrading to Ethereum 2.0, which will add support for 100,000 TPS, proof of stake instead of a proof of work consensus model, and lower gas fees. It is expected to be completed by 2023.
How much is the APY staking yield of Ethereum (ETH)?
Ethereum (ETH) staking is available through a number of providers with an APY staking yield of between 4% and 6%.
How can I calculate the staking yield of Ethereum (ETH)?
Use the Ethereum (ETH) staking calculator above to determine what the staking yield of Ethereum (ETH) is on a daily, monthly, and yearly basis.
Is Ethereum (ETH) a good cryptocurrency to stake?
Ethereum (ETH) is considered one of the safest cryptocurrencies to stake. This is because it is widely adopted and is used as the foundation for a number of crypto products, such as ERC20 tokens and NFTs. The staking yield of Ethereum (ETH) is also fairly high, giving investors a worthwhile return.
About Ethereum
Ethereum is a global, open-source platform for decentralized applications. In other words, the vision is to create a world computer that anyone can build applications in a decentralized manner; while all states and data are distributed and publicly accessible. Ethereum supports smart contracts in which developers can write code in order to program digital value. Examples of decentralized apps (dapps) that are built on Ethereum includes tokens, non-fungible tokens, decentralized finance apps, lending protocol, decentralized exchanges, and much more.
On Ethereum, all transactions and smart contract executions require a small fee to be paid. This fee is called Gas. In technical terms, Gas refers to the unit of measure on the amount of computational effort required to execute an operation or a smart contract. The more complex the execution operation is, the more gas is required to fulfill that operation. Gas fees are paid entirely in Ether (ETH), which is the native coin of the blockchain. The price of gas can fluctuate from time to time depending on the network demand.