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How Ethereum Works
Smart Contracts on the Ethereum Network
Smart contracts on Ethereum are autonomous and run on the network thanks to the EVM. They enable the creation of digital agreements without intermediaries, ensuring transparency and security in transactions.
Ethereum Virtual Machine (EVM)
The Ethereum Virtual Machine is the engine that executes smart contracts on the network. It provides a secure and deterministic execution environment to ensure the correct operation of decentralized applications.
Decentralized Applications and Non-Fungible Tokens (NFTs)
Thanks to Ethereum, numerous decentralized applications have been developed that run on the blockchain network. Additionally, Ethereum has been a pioneer in the issuance of non-fungible tokens (NFTs), which represent unique digital assets and have revolutionized the digital art and collectibles industry.
Price of Ethereum
Factors Influencing the Price of Ethereum
Supply and demand of Ethereum in crypto exchanges.
Adoption of Ethereum in decentralized applications and smart contracts.
Economic events and government regulations impacting the cryptocurrency market.
Volatility and Market Trends of Ethereum
The price of Ethereum can experience significant fluctuations in short periods, reflecting the inherent volatility of digital assets in the crypto market.
Impact of Updates on the Price of Ethereum
Protocol updates that improve the functionality and security of the Ethereum network often have a positive impact on its price.
The transition to proof-of-stake in Ethereum has been a fundamental change that has affected the perception and valuation of the cryptocurrency in the market.
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