Virtuals Protocol 價格VIRTUAL

RT @MagicNewton: Why does Newton keep trending? Check out the week in review 👇 Virtuals Protocol ($VIRTUAL) was added to the verifiable re…

RT @AerodromeFi: Aerodrome Slipstream LP Rewards✈️ • $WETH - $Noice: ~779% • $WETH - $VIRTUAL: ~525% • $USDC - $GIZA: ~305% • $WETH - $KTA…

What is Ethereum? Ethereum is a decentralized, open-source blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). It was proposed in late 2013 and development began in early 2014, spearheaded by Vitalik Buterin and other co-founders including Gavin Wood, Joseph Lubin, and others. Ethereum aims to go beyond Bitcoin’s original purpose of a digital currency by offering a programmable blockchain. At its core, Ethereum allows anyone to create self-executing contracts with the terms directly written into code, enabling trustless agreements without intermediaries. --- Key Concepts 1. Blockchain Ethereum operates on a blockchain — a distributed ledger maintained by a network of nodes (computers) around the world. Each block contains transaction data and links cryptographically to the previous block, creating a secure, tamper-resistant chain. 2. Smart Contracts Smart contracts are automated scripts stored on the Ethereum blockchain. They execute automatically when predetermined conditions are met, enabling: Trustless agreements Automated transactions Decentralized applications (dApps) Smart contracts are written primarily in Solidity, Ethereum’s programming language. 3. Ether (ETH) Ether (ETH) is the native cryptocurrency of the Ethereum network. It serves two main purposes: Fuel: Ether is used to pay "gas fees" required to execute smart contracts and transactions. Store of value and currency: It can be used for peer-to-peer payments and as an investment. --- History & Evolution 2013: Vitalik Buterin publishes the Ethereum whitepaper. 2014: Ethereum project launched with a successful crowdfunding Initial Coin Offering (ICO), raising over $18 million. 2015: Ethereum mainnet officially launches. 2016: The DAO hack leads to a contentious hard fork, creating two networks: Ethereum (ETH): The new chain where the hack was reversed. Ethereum Classic (ETC): The original chain that continued without reversal. 2020-2022: Ethereum transitions from Proof of Work (PoW) to Proof of Stake (PoS) via “Ethereum 2.0” upgrades, culminating in the Merge in September 2022. --- Ethereum 2.0 and The Merge Ethereum initially used Proof of Work mining like Bitcoin, which is energy-intensive. Ethereum 2.0 introduces a Proof of Stake (PoS) consensus mechanism, where validators stake ETH to secure the network instead of mining. The Merge in 2022 combined Ethereum’s original execution layer with the new PoS consensus layer (the Beacon Chain), drastically reducing energy consumption by ~99.95% and improving scalability and security. --- Ecosystem and Use Cases 1. Decentralized Finance (DeFi) Ethereum is the backbone of DeFi — platforms offering decentralized financial services like lending, borrowing, trading, and yield farming without traditional banks. Popular DeFi projects on Ethereum include: Uniswap (decentralized exchange) Aave (lending/borrowing) Compound (money markets) 2. Non-Fungible Tokens (NFTs) Ethereum pioneered NFTs — unique digital assets representing art, collectibles, game items, and more. NFT standards like ERC-721 and ERC-1155 were developed for minting and managing NFTs on Ethereum. 3. Decentralized Applications (dApps) Ethereum supports thousands of dApps across gaming, social media, marketplaces, and beyond. Developers leverage its programmable blockchain to build trustless systems. 4. Enterprise & Private Blockchains Many enterprises use Ethereum or Ethereum-based frameworks like Quorum or Hyperledger Besu for private or consortium blockchains in supply chain, finance, and identity. --- Technical Features Gas: Ethereum transactions and smart contracts require gas, paid in ETH, to compensate validators and prevent spam. ERC Standards: Ethereum Request for Comments (ERC) define technical standards for tokens and smart contracts: ERC-20: Fungible tokens ERC-721: NFTs ERC-1155: Multi-token standard Virtual Machine: The Ethereum Virtual Machine (EVM) runs smart contract code on every node, ensuring consistent execution. --- Challenges & Criticisms Scalability: Ethereum’s original network faced congestion and high gas fees during peak usage. Complexity: Smart contract coding has risks like bugs and vulnerabilities (e.g., DAO hack). Competition: Other blockchains like Solana, Binance Smart Chain, and Avalanche offer faster or cheaper alternatives. Ethereum is actively evolving solutions like Layer 2 scaling (Optimistic Rollups, zk-Rollups) to address throughput and cost issues. --- The Future of Ethereum Ethereum’s roadmap includes: Sharding: Splitting the blockchain into smaller parts ("shards") to increase transaction throughput. Improved scalability and interoperability with Layer 2 solutions. Continued adoption in DeFi, NFTs, DAOs (Decentralized Autonomous Organizations), and Web3 (decentralized web). Ethereum is widely regarded as the foundational infrastructure for the decentralized internet, with a vibrant developer community and ecosystem. --- Summary Ethereum is a decentralized, programmable blockchain enabling smart contracts and dApps. Its native token, Ether (ETH), fuels network operations. Transitioned from Proof of Work to Proof of Stake in 2022 for energy efficiency. Powering DeFi, NFTs, and a broad range of decentralized applications. Faces scalability challenges but innovates with Layer 2 and sharding. Continues to shape the future of decentralized technology and finance. $ETH

Ethiopia is laying the groundwork for cryptocurrency regulation, despite maintaining an official ban on cryptocurrency trading. The country’s Financial Intelligence Service confirmed the move during a regional anti-money laundering conference in Addis Ababa. According to a report from The Reporter , the FIS has started training financial crime experts to detect and respond to illegal crypto transactions. FIS Director Muluken Amare, said the training is part of broader preparations to manage unauthorized crypto activity and potential future legalization. Related: Ethiopia Embarks on a $250M Data and AI Venture with Hong Kong Firm The initiative is in partnership with the United Nations, Russia, and member countries of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG). The organization includes 21 countries and is based in Tanzania. Notably, the National Bank of Ethiopia formally banned the use of cryptocurrencies in a revised proclamation issued months ago. Under current law, only the Ethiopian Birr is recognized for financial transactions. “Trading in digital currencies other than the Ethiopian Birr is not allowed in Ethiopia,” Amare said. “But we are offering training to prepare for the possibility of unauthorized activities.” Despite this, FIS officials acknowledge that crypto transactions may be happening informally. As a result, Amare stressed the need to assess the volume of such activities. “It cannot be assumed that all such transactions are illegal,” he added. Meanwhile, only those linked to criminal activity, such as terrorism or money laundering, would be subject to investigation. International and regional experts at the ESAAMLG summit echoed concerns over crypto’s misuse. Kamal Anwar, a United Nations counter-terrorism program officer, said virtual assets are being used for terrorism financing, tax evasion, corruption, and fraud. Muluken Yirga, a senior legal advisor to ESAAMLG, warned that terrorist groups in the region, including Al-Shabaab, Al-Qaeda, ISIL, and Daesh, are increasingly using cryptocurrencies to raise and move funds. He called for greater regional cooperation, stronger financial intelligence units, and improved law enforcement tools to tackle these crimes. Although virtual currencies remain prohibited in Ethiopia, officials say there are preparations for future regulatory decisions. Amare stated that cryptocurrency transactions must be subject to strict regulation if they are ever legalized. However, if the prohibition continues, he emphasized the importance of having effective enforcement systems and penalties for those who violate the law. Related: Ethiopia Bans Foreign Exchange Requests for ‘Non-Priority Products’ So far, there have been no documented cases of crypto-related harm in Ethiopia, either from domestic use or international activity. However, authorities remain cautious given global trends and security threats. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Ethereum is shilling @virtuals_io, one big step in the ecosystem. If you have any Virgin Points, you MUST participate in @UndercoverIRIS Genesis Launches as it will be the first Agent on Ethereum. I.R.I.S. is an AI agent that leverages Nethermind’s tech to offer instant smart contract analysis, drawing from real-world audit data. Her unique edge lies in context-aware scanning on X, providing high-signal, low-noise recommendations directly within developer conversations. Not sure if the "smart contract auditing" really works as some people in the last AI wave have already failed. However, this collaboration with @ethereum shows $VIRTUAL higher potential.