"The Mystery of Ethereum's Genesis Block: Why Does an Unlimited Supply Coin Still Maintain High Value?"


How can I obtain the Ethereum genesis block and why is Ethereum so expensive despite having no limited supply?

2023-06-06 12:03

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The Ethereum Genesis Block refers to the very first block in the Ethereum blockchain, from which all subsequent blocks are built. It contains the initial set of transactions and establishes the initial state of the Ethereum network.

Despite the fact that Ethereum has no fixed supply and an infinite number of tokens can be created, its value remains high due to several factors. Firstly, Ethereum has a strong network effect, with a large number of developers and users building on and utilizing the platform. Secondly, its smart contract functionality and potential for decentralized applications make it a valuable tool in the emerging blockchain and cryptocurrency industry. Finally, like any asset, the price of Ethereum is influenced by supply and demand in the market, as well as investor sentiment and adoption.

Release time 2023 06 06

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