Ethereum

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/vitalik-buterin-and-his-team-celebrate-ethereums-ninth-anniversary/" data-wpel-link="internal">Vitalik Buterin and His Team Celebrate Ethereum’s Ninth Anniversary</a> 
Vitalik Buterin and a team of visionaries created the largest altcoin, Ethereum (ETH), which has reached a significant milestone by celebrating its ninth year of groundbreaking developments and widespread adoption. As Ethereum’s co-founder Vitalik Buterin recently mentioned in a published article, this journey has been nothing short of transformative and promises even more hope for the future of the Ethereum network and community. 
<h2 style="text-align: justify" id="strong-the-evolution-of-ethereum-strong">The Evolution of Ethereum</h2> 
Launched on July 30, 2025, and known for introducing smart contracts, the Ethereum network has become a crucial hub in the Web3 world. This evolution has attracted significant interest from both institutional and individual investors, making Ethereum the cornerstone of the decentralized finance (DeFi) ecosystem. 
One of the most important moments in Ethereum’s history was the transition from the Proof of Work (PoW) consensus mechanism to the Proof of Stake (PoS) consensus mechanism known as The Merge. This transition not only increased the network’s energy efficiency but also solidified its security with over 35 million ETH staked. This move is seen as a defining feature of Ethereum’s quest for sustainability and scalability. 
In addition to The Merge, Ethereum has undergone several significant updates, including the London hard fork and the Dencun update. All these updates have improved Ethereum’s economic model and contributed to its ultra-sound money status due to their deflationary aspects. The network’s feature of burning a portion of transaction fees has reduced the circulating supply of ETH, thus increasing its scarcity and value proposition. 
One of the most significant achievements in Ethereum’s first decade was the approval of spot Ethereum Exchange-Traded Funds (ETFs) in various jurisdictions, primarily in the United States. This milestone marked a new era of accessibility for investors, further legitimizing Ethereum as a mainstream financial asset. 
<h2 style="text-align: justify" id="strong-the-rise-of-ethereum-s-eth-and-short-term-expectations-strong">The Rise of Ethereum’s ETH and Short-Term Expectations</h2> 
Over the years, the price of Ethereum’s mainnet asset, Ether (ETH), has shown remarkable growth, soaring from an average price of approximately $0.43 (2016) to around $3,319 (2024). This extraordinary rise of over 770,000% highlights the rapid adoption of the Ethereum network and the growing interest in cryptocurrencies and Web3 <a href="https://newslinker.co/category/technology/" target="_blank" rel="noopener" data-wpel-link="exclude">technologies</a>. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-375271" src="https://coin-turk.com/wp-content/uploads/2024/07/ETH-Fiyat-Analiz.png" alt="" width="1617" height="900"> 
Looking ahead, the price of ETH is expected to consolidate in the short term and potentially experience volatility influenced by macroeconomic factors such as the upcoming Fed <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rate</a> decision. Leading <a href="https://en.coin-turk.com/bitcoin-price-drops-as-bidens-covid-test-results-announced/" data-wpel-link="internal">crypto analyst</a> Michael van de Poppe and others believe that if the price fails to hold above key support levels, ETH could face downward selling pressure. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/vitalik-buterin-and-his-team-celebrate-ethereums-ninth-anniversary/" data-wpel-link="internal">Vitalik Buterin and His Team Celebrate Ethereum’s Ninth Anniversary</a></h5>
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Vitalik Buterin and His Team Celebrate Ethereum’s Ninth Anniversary

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