This article explains whether Ethereum is a mainstream currency or an altcoin?

Whether they are newbies or veterans, there will always be some people who are dazzled by the types of cryptocurrency in the currency circle. In addition to the well-known Bitcoin, there are also various concept coins such as mainstream coins and altcoins. And among them, is Ethereum a mainstream currency or an altcoin? This issue has been debated endlessly. If you want to clarify this issue, you must first clarify the definitions of mainstream coins and altcoins. Mainstream coins mainly refer to the top crypto assets in the crypto market value rankings, while altcoins are Refers to crypto assets developed to imitate a certain token. According to current data, Ethereum’s market value is US$361.462 billion, ranking second. It is obvious that Ethereum is a mainstream currency. Next, the editor will tell you in detail.

Is Ethereum a mainstream currency or an altcoin?

Ethereum is a mainstream currency. According to official data, its conceptual market value is US$361.462 billion, accounting for 18.92% of the world's total market value, second only to Bitcoin. Ethereum is one of the mainstream digital currencies. It is an open source platform based on blockchain technology and is designed to support the development and deployment of smart contracts and decentralized applications (DApps). Ethereum is the first blockchain project to successfully implement smart contract functions. It was created in 2015 by Vitalik Buterin and others.

Ethereum has a huge developer community and ecosystem, supporting the development of a large number of decentralized applications (DApps), smart contracts and blockchain projects. Ethereum continues to carry out technological innovation and upgrades, such as ETH2.0 upgrades, Layer 2 expansion solutions, etc., to improve the scalability and performance of the network. As a smart contract platform, Ethereum is widely used in finance, games, supply chain, identity verification and other fields, attracting the participation of a large number of developers and enterprises.

Compared with mainstream digital currencies, altcoins usually refer to digital currencies with lower market value, low visibility, or lack of practical application scenarios. As a mainstream digital currency, Ethereum has high popularity, market recognition and wide application scenarios, so it is not classified as an altcoin.

Is Ethereum a scam?

Ethereum is not a scam. Since its launch, its market value and number of users have continued to grow, showing its recognition and popularity in the market.

Ethereum is the first blockchain project to successfully implement smart contract functions, leading the development direction of blockchain technology and providing important support for the development of decentralized applications.

There are many decentralized applications (DApps) running on Ethereum’s blockchain network, including finance, games, supply chain, identity verification and other fields. The widespread adoption of these applications shows Ethereum’s practical use and importance.

Ethereum has a large and active community of developers who are committed to contributing to the continuous improvement and development of the platform. In addition, Ethereum’s technical development and community governance are based on the principle of openness and transparency, and community members have the right to participate in and influence the direction of platform development.

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