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Ethereum (ETH)

What is the Ethereum (ETH) blockchain?

The Ethereum (ETH) blockchain is a public, distributed ledger that records transactions. The blockchain is managed by a network of computers that use a consensus protocol to agree on the validity of new blocks of transactions.

How does Ethereum (ETH) work?

Ethereum (ETH) is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference. These applications are built on blockchain technology, so they are trustworthy and reliable.

Does the Ethereum (ETH) blockchain handle NFTs?

The Ethereum (ETH) blockchain can handle non-fungible tokens (NFTs). NFTs are unique digital assets that can be used to represent a variety of things, such as digital art, tickets, and game items. NFTs can be stored on the Ethereum blockchain and traded on decentralized exchanges.

What are the advantages to the Ethereum blockchain?

The Ethereum (ETH) blockchain has several advantages over other blockchains:

  • It has a large community of developers who are building applications on the platform.
  • It has a robust infrastructure that can handle high transaction volumes.
  • It has a well-developed governance model that allows for smooth upgrades to the protocol.
  • The Ethereum (ETH) blockchain is censorship-resistant, meaning that it cannot be controlled by any single entity. This makes it a valuable asset for applications that need to be trustless and tamper-proof.

Ethereum Taxes with Ledgible

Cryptocurrency taxes can be confusing, especially when you thought you were just buying your favorite meme cryptocurrency and now the taxman has come knocking at your door. With the IRS stepping up its enforcement of crypto tax evaders, you don't have to let crypto taxes ruin your day. With Ledgible's integrated current year planning features and tax loss harvesting capability, you can minimize your tax burden as significantly as possible and make sure you pay uncle sam as little as possible on your crypto earnings.

Ledgible is also completely free to get started, meaning you can integrate all of your accounts and determine your expected tax burden all before you pay a dime. If you're looking for one of the most affordable and powerful crypto tax solutions designed for professionals, consumers, and enterprises, the Ledgible Platform is the way to go.

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