Why is Ethereum resistant to ASIC (What problem is Ethereum trying to solve)?

Why is Ethereum resistant to ASIC? Ethereum’s token is designed to be more resilient than Bitcoin, but it also has its drawbacks. Firstly, it cannot compete with other cryptocurrencies, so it must restrict all participants in the network by imposing transaction fees and limiting block space. Secondly, this mechanism allows miners to profit from their systems (i.e., mining), which in turn discourages them from paying users higher profits.

Lastly, due to the limited and hard-to-track supply of Ethereum, many people choose to hold it as their asset rather than investing in it. This strategy can lead to losses for some investors, who may not consider investing in other digital assets or investment products with high price volatility.

What problem is Ethereum trying to solve?

According to Ethereum World News, Ethereum is a blockchain-based digital currency. What problem is Ethereum trying to solve? Its existence has enabled Bitcoin to become a mainstream currency in a short period of time. However, for those who wish to use cryptocurrencies, they are more concerned with how these assets function and the impact they have on users and the entire network. “People should not spend money elsewhere because their lives are free and unrestricted.”