Ethereum Explained: Basics, latest updates and related projects

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Ethereum, which is the second-largest cryptocurrency, is more than a store of value. It holds the top position because of use cases built on its network. Vikram Subburaj, co-founder and CEO of Giottus Cryptocurrency Exchange, explains in a simple and dejargonised way about Ethereum, its London update and related projects such as Polygon.

“Ethereum is quite different from Bitcoin. Consider it as a google play store where you have multiple applications which can be downloaded from the store. It is a base on top of which you can build a lot of applications that need blockchain. Ethereum has got a feature which is called smart contracts, where you can write conditions on top of Ethereum,” said Subburaj.

On ‘London Update’, he said it will have a net positive impact, as the industry will witness a drastic reduction in the issuance that is happening on a daily basis. Therefore, with this update, one will witness a further reduction in the total number of Ethereum being issued on a daily basis. He also said that with a strong community base, Ethereum will continue to stay as the preferred crypto.

Watch the video for more insights…