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ethereum price in inr

ethereum price in inr graph

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ethereum price in inr , Ethereum prices in Indian rupees have been on a rollercoaster ride in recent months. In January, the price of one ETH was around Rs. 9,000. By early February, it had surged to nearly Rs. 20,000. However, by the end of the month, it had crashed back down to Rs. 11,000. The volatile price movements are largely due to the speculative nature of the Ethereum market. Many investors are buying ETH in hopes of making a quick profit as prices continue to rise. However, this speculative bubble could eventually burst and lead to a sharp decline in prices. For now, Ethereum prices remain highly volatile and investors should be cautious before investing any money into this digital currency

ethereum price in inr

ethereum price in inr

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ether, the cryptocurrency used on the Ethereum blockchain, is mined through a Proof of Work (PoW) consensus algorithm (like Bitcoin). Miners are rewarded based on their share of work done, rather than their share of the total number of blocks mined. The Ethereum blockchain is different from Bitcoin's in that it can support more complex applications. These are made possible by Ethereum's use of smart contracts – computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts enable developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk

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