🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Got it! You're asking for full information about Ethereum. Here's a complete overview:
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What is Ethereum?
Ethereum is an open-source, decentralized blockchain platform that allows developers to build and deploy smart contracts and decentralized applications (dApps). It's often considered the second most important cryptocurrency platform after Bitcoin.
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Key Components of Ethereum
1. Ether (ETH):
The native cryptocurrency of the Ethereum network.
Used to pay for transactions, computational services, and smart contract execution (also called “gas”).
2. Smart Contracts:
Self-executing contracts with code that runs on the blockchain.
Used to automate and enforce agreements without intermediaries.
3. Ethereum Virtual Machine (EVM):
A decentralized “world computer” that executes smart contracts.
Allows code to be run exactly as programmed without downtime or fraud.
4. Decentralized Applications (dApps):
Apps built on Ethereum using smart contracts.
Examples: Uniswap (DeFi), OpenSea (NFTs), Axie Infinity (games).
5. Gas Fees:
Small amount of ETH used to pay for computational power.
Gas prices can vary depending on network congestion.
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Ethereum vs Bitcoin
Feature Ethereum Bitcoin
Purpose Smart contracts, dApps Digital currency/store of value
Currency ETH BTC
Block Time ~12 seconds ~10 minutes
Supply Limit No fixed cap 21 million BTC
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Ethereum 2.0 (aka Ethereum Merge)
Transitioned from Proof of Work (PoW) to Proof of Stake (PoS) in September 2022.
Goals: Reduce energy usage, increase scalability, and improve security.
Staking ETH helps secure the network and earns rewards.
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Common Use Cases
DeFi (Decentralized Finance): Lending, borrowing, trading without banks.
NFTs (Non-Fungible Tokens): Digital ownership of art, music, and more.
Gaming: Play-to-earn games with real value assets.
DAOs (Decentralized Autonomous Organizations): Organizations governed by code and community votes.
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Risks and Challenges
High gas fees during