Vladyslav Goh

@emptyplayer

106 Following

12 Followers

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Real builders commit, and I just committed 123.63K $BUILD tokens to the BUILD Summer Fund

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Staking ETH means locking up your ETH to enhance network operations and security. Participants earn rewards in ETH, akin to interest. This mechanism bolsters network integrity and assists in transaction validation. Staking is crucial for Ethereum’s transition to a more sustainable Proof of Stake system. 🛡️⚙️

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Good morning guys, the next topic will be about Ethereum staking.

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Ethereum has moved to Ethereum 2.0, adopting Proof of Stake (PoS). This major update cuts energy use, speeds transactions, and boosts security. Ethereum 2.0 isn't just eco-friendlier; it enables faster, more reliable financial operations worldwide. 🌍💼🔒

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Ever wonder why you pay 'gas fees' in Ethereum? 🤔 Gas fees are payments made by users to compensate for the computing energy required to process and validate transactions on the Ethereum network. 🌐 Each action, whether a simple transaction or executing a smart contract, needs power.

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In Ethereum, every transaction is recorded openly on the blockchain. This means you can see and verify transactions yourself, unlike traditional banking. It’s a new level of transparency for financial systems! 🌐🔍

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Open source in Ethereum lets anyone check the code behind it. This openness improves security because developers and users can spot issues and fix them together. It's like having thousands of experts checking your work! 🌍🔧

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Ethereum has a technology called 'smart contracts' that work like vending machines 🤖. You set the rules, and when the right conditions are met, it acts automatically 🚀. It’s like getting a snack from a machine after you put money in—no extra help needed! 🍫

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Ethereum (ETH) is more than just digital money. Unlike Bitcoin, Ethereum is like a world computer allowing users to create programs and new cryptocurrencies without intermediaries. It's not just a coin, but a platform for innovation!

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