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Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁 Where apps run without companies Today's newsletter is brought to you by The future of sending money starts here: Ogvio is LIVE! Experience instant borderless transfers with no hidden fees 💸 Sign up NOW! 🚀 GM. Normally we serve crypto at full pulp, but today's pour is smooth and simple. Back to Basics Week continues with: 🤔 Ethereum explained. 🍍 Market flavor today Find out more about the Fear & Greed Index here. Crypto Market Cap: $3.00T -0.93% (24H) Name Price 24H 7D Bitcoin BTC $90,224.22 0.00% -6.63% Ethereum ETH $3,002.04 -0.52% -10.13% BNB BNB $891.86 -1.10% -5.14% XRP XRP $1.95 2.26% -9.31% Prices as of 11:00 AM EST. Click here to see live data. 🤔 Ethereum explained The Daily Squeeze is usually charts, drama, regulations, gossip, and all that jazz. But it's Back to Basics Week, which means we're slowing things down and explaining the stuff that powers basically everything in crypto. Today's topic: Ethereum - the chain that turned crypto from "internet money" into "internet apps." Source: @dubzyxbt Let's clear this up right away: Ethereum is not just a cryptocurrency. Yes, it has a coin (ETH). But Ethereum's real purpose is being a decentralized platform where anyone can build applications without a company, server, or central authority running the show. If Bitcoin answered the question, 👉 "What if money didn't need banks?" Ethereum followed up with, 👉 "What if apps didn't need companies?" Here's the core idea: Ethereum is a blockchain that lets developers write smart contracts - pieces of code that automatically run when certain conditions are met. No middleman. No manual approval. Once those contracts are live, they can't be changed or shut down by a single party. That's the magic (and sometimes the chaos). Here's how that plays out in practice: Ethereum runs on a network of computers called nodes. These nodes all store the blockchain and agree on what's happening - who sent what, which contracts ran, and in what order. When you do anything on Ethereum (swap tokens, mint an NFT, vote in a DAO, etc.), you're interacting with a smart contract. The network processes that action, records it permanently, and moves on. That processing requires resources - and that's where ETH comes in. ETH is Ethereum's native asset and is used to pay for transactions and computation (aka gas). So ETH isn't just money - it's the fuel that keeps Ethereum running. To keep this system secure, Ethereum relies on validators. Validators lock up (stake) ETH as collateral and help verify transactions and smart contract activity. 👉 If they follow the rules, they earn ETH rewards. 👉 If they try to cheat, they can lose part of their stake. This setup makes attacking the network expensive and aligns incentives so it's in everyone's best interest to play fair - all without a central authority in charge. At this point, the difference between Ethereum and Bitcoin becomes clear. 👉 Bitcoin is intentionally limited. It focuses on being secure, predictable, and good at one thing: digital money. 👉 Ethereum is intentionally flexible. It's designed to be programmable. Same foundation (blockchain). Very different goals. And because Ethereum is programmable, entire ecosystems grew on top of it. This is where: 👉 decentralized finance (lending, borrowing, trading without banks), 👉 NFTs and on-chain ownership, 👉 blockchain games, 👉 DAOs run by smart contracts, 👉 and thousands of tokens ... all took off. Ethereum became the default place to build in crypto. Of course… it's not perfect. Ethereum's biggest pain points: 👉 High gas fees: when lots of people use the network, fees can spike; 👉 Scalability: the base layer can only handle so much at once; 👉 Smart contract risk: code bugs can (and have) caused major losses. A lot of Ethereum's upgrades and Layer-2 solutions exist specifically to fix these issues. Bottom line: Ethereum isn't just a coin - it's a platform. A programmable blockchain that lets developers build apps, organizations, and financial systems without a central authority calling the shots. 👉 Bitcoin showed the world decentralized money was possible. 👉 Ethereum showed the world decentralized everything else might be too. If you enjoyed today's explainer, check out our previous Back to Basics editions on: trading types, CEXs vs. DEXs, hot vs. cold wallets, how to spot red flags in a crypto, what dApps are, how a blockchain works, blockchain types, smart contracts, coins vs. tokens, and Bitcoin. Now you're in the know. But think about your friends - they probably have no idea. I wonder who could fix that... 😃🫵 Spread the word and be the hero you know you are! 💸 Brazil transfers: easy mode unlocked Sending money to Brazil shouldn't feel like a boss fight 🕹️💸 That's why we just launched a new Mission that turns "how do I send money to Brazil?" into a quick, gamified Web3 win. You'll learn how to pick the right platform, understand the rules, and play it smart - in Brazil or anywhere else. 🎁 1,700 Bits prize pool up for grabs! 💰 More Bits = a bigger share of the $20K BitDegree Season 9 Airdrop. (You'll need an Ogvio account to claim the Airdrop.) Ready to stop guessing and start playing to win? 👀 Start Mission 🍌 Juicy memes Source: @naiivememe Source: @naiivememe Source: @naiivememe Gode S. Web3 Market Analyst Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem. Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information. Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries. Full Bio See Our Experts Thirsty for the Hottest Crypto News in Your Inbox? Get crypto-smart in just 3 mins a day with our newsletter! Join 120,000+ subscribers & get a juicy Daily Squeeze of the hottest, jargon-free news and insights straight to your inbox. Subscribe
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Этот текст представляет собой обзор Ethereum, описывая его как платформу для создания децентрализованных приложений, отличающуюся от Bitcoin. Ethereum позволяет разработчикам создавать приложения без необходимости в компаниях или централизованных органах управления, используя смарт-контракты и ETH для оплаты транзакций. Основные особенности Ethereum включают децентрализованную структуру, поддержку различных приложений (финансы, NFT, игры, DAOs) и экономическую модель с валидаторами. Текст также упоминает о проблемах Ethereum, таких как высокие комиссии и масштабируемость, а также о решениях, направленных на их устранение.
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