Ethereum

Ethereum's rising complexity, particularly regarding gas fees and scalability challenges before full upgrades, could hinder everyday user adoption, but Layer 2 solutions like Arbitrum and Optimism help. Solana and Base, on the other hand, provide speed and low fees.

Ethereum's strong network effects and developer ecosystem are significant advantages; prolonged complexity could indeed impact its long-term dominance as the primary blockchain if user experience remains a barrier. Its dominance could shrink, but it's unlikely to vanish entirely.

You can't eliminate the full fee, but yes, you can reduce the gas fees through several strategies. Do the transaction during off-peak hours when network congestion is low, as fees tend to be cheaper then.

By using Layer-2 scaling solutions like Polygon or Arbitrum, which offer low transaction costs, you can reduce the gas fees.

Adjusting the gas price you're willing to pay can also help, but setting it too low might delay your transaction. Some wallets (Solana or Binance Smart Chain) also offer gas estimation tools to help you choose optimal fees.

The 0.11 ETH entry reflects the gas fees, and the other entry of 0.13 ERC-20 ETH represents a token transfer, often for smart contracts or DEX interactions. Etherscan displays both.

This is not a double send; rather, it is typical behavior that reflects the fundamental Ethereum network mechanics.

Owing too much Ethereum to some influential people creates a lot of instability in the market, and the price will be too high. If they sell it all, the price will drop very fast, which ultimately is a loss for small investors.

This type of control and the chance of people cheating the system is a problem right now in the US crypto market.

To efficiently trade aUSDC, you can consider Trader Joe or Pangolin. Trader Joe's limit orders for aUSDC against WAVAX, the DeFi version of AVAX, allow you to manage price limits on your transactions.

The key difference between Bitcoin and Ethereum lies in the functions they serve.

Bitcoin's main purpose is to be a secure, decentralized digital currency for transactions. Ethereum, on the other hand, lets people build decentralized apps. People perceive Bitcoin as more valuable because of its limited supply and security, akin to 'digital gold'. Ethereum focuses on being programmable, with a flexible supply.

By running automated code on a blockchain, Web3 smart contracts remove the need for middlemen. Front-end applications use APIs to communicate, enabling actions like token transfers and data storage. When a user triggers an event, the app sends a transaction, updating the blockchain via the smart contract. These contracts, deployed on platforms like Ethereum or Solana, ensure secure and decentralized connections between apps and the blockchain.

Ethereum's price going up by 0.3% is probably just a small change that won't last long. It's just a short-term change. If you want to invest in Ethereum for the long run, you should do so. Waiting for such a small change might not be the best idea.

For investment, you could try dollar-cost averaging (DCA). This means putting some fixed amount of money into Ethereum on a daily or monthly basis, no matter what the price is. In the long run, this helps you average out your buy price, which lessens the effect of short-term price changes.

For short-term trading, technical analysis tools like moving averages, support/resistance levels, and trading volume can be helpful. However, short-term cryptocurrency trading carries significant risk. Invest cautiously.

Uniswap is a decentralized exchange (DEX) trading platform that uses automated market makers (AMMs) and smart contracts to handle trades without the need for a central middleman.

Coinbase and Binance, on the other hand, are centralized trading platforms run by central authorities or any company. These platforms connect the buyer and seller.

Because of the decentralized feature of Uniswap, users have the authority of their funds, unlike centralized exchanges that hold user assets.

Lower fees are usually associated with trading on Uniswap, mainly gas fees (blockchain transaction costs), which vary according to network activity.

Ethereum is a decentralized blockchain platform where smart contracts are running, and users can create and run the decentralized apps. This is the main feature of Ethereum.

The Ethereum platform uses Ether (ETH) as its cryptocurrency. It's a fantastic and popular option for a long-term investment. Therefore, if you're just starting out, consider investing in this option.

The current value of Ethereum is approx. $3,652.02.

I appreciate your explanation. But, I'm not really sure how Ethereum should be used. What are some specific examples of potential future applications for Ethereum? Why is it still better? How can I get profit from something like Ethereum? Thanks