Name : Ethereum (ETH)
ETH Price : $2630.063 -0.07%
Consensus Mechanism : Proof of Stake
Volume: 15,842,559,614
Market Cap: 316,627,997,121
Shariah Judgement
As of now, the projects provided by Ethereum appear to be in accordance with Shariah principles.
Shariah Status : Yes
Last Screening: Q2 2024
Legitimacy:
Project:
Token:
Reward:
Shariah Status:
Yes
Risk Analysis
Shariah
Legitimacy
People
In-Depth Analysis
Shariah Analysis
| Project/Products | Use Case | Status |
|---|---|---|
| Blockchain | Ethereum provides a blockchain, a decentralized and distributed ledger technology, where transactions are recorded in a secure and transparent manner. | Passed |
| Turing-complete Programming Language | Ethereum's built-in programming language, Solidity, enables developers to create smart contracts and decentralized applications with complex logic and state transition functions. | Passed |
| Alternative Protocol | Ethereum serves as an alternative protocol for building decentralized applications, offering different tradeoffs compared to other blockchain platforms. | Passed |
| Use Case | Status |
|---|---|
| ETH serves as the primary currency used within the Ethereum ecosystem for transactions and interactions with decentralized applications (DApps). | Passed |
| ETH enables users to send and receive funds directly to and from one another without the involvement of intermediaries like banks. | Passed |
| ETH is used to pay transaction fees when sending ETH or using Ethereum applications. These fees contribute to the security and functioning of the Ethereum network. | Passed |
| System | Status | Interpretation |
|---|---|---|
| Staking Rewards | Passed | Ethereum staking entails locking ether as collateral to validate transactions on the network and earn ETH rewards. Staking can be done directly or through third-party services like crypto wallets, exchanges, or staking pools. |
| Validator Rewards | Passed | Validators are randomly selected to propose blocks of transactions, and they are also rewarded with small amounts of newly-issued ETH for performing this crucial function. |
Legitimacy Analysis
| Details | Status | |
|---|---|---|
| Whitepaper | Ethereum's legitimacy is reinforced by its well-documented whitepaper and clear project goals, showcasing achievable objectives. | Passed |
| Project | Ethereum maintains its legitimacy by actively posting project updates on its social media platforms, demonstrating transparency and commitment to its goals. | Passed |
People Analysis
| Details | Status | |
|---|---|---|
| Team | Ethereum's team is comprised of highly qualified experts with diverse backgrounds in blockchain technology, cryptography, and software development, instilling confidence in their reliability to successfully organize and lead the projects. | Passed |
Trading Signals
Moving Average (Short Term)
Strong
Moving Average (Mid Term)
Strong
Moving Average (Long Term)
Weak
Exponential Moving Average (Short Term)
Strong
Exponential Moving Average (Mid Term)
Strong
Exponential Moving Average (Long Term)
Weak
Bollinger Band
Strong
Williams %R
Neutral
Relative Vigor Index
Weak
Money Flow Index
Neutral
Chaikin Oscillator
Strong
Aroon
Weak
Klinger Oscillator
Strong
Chande Kroll Stop
Weak
Moving Average Convergence/ Divergence
Strong
Relative Strength Index
Strong
Stochastic
Strong
Parabolic SAR
Strong
Average Directional Index
Strong
Ichimoku Cloud
Neutral
Average True Range
Strong
Commodity Channel Index
Neutral
On-Balance Volume
Strong
Volume Weighted Average Price
Neutral
Keltner Channel
Neutral
Dochian Channel
Neutral
Choppiness Index
Neutral
Ergodic Oscillator
Strong
Ease of Movement
Strong
Ultimate Oscillator
Neutral
Elder Force Index
Strong
Connors RSI
Neutral
Rate of Change
Strong
Chande Momentum Oscillator
Neutral
Triple Exponential Average
Strong
Know Sure Thing
Strong
Detrended Price Oscillator
Strong
Moving Average Envelope
Neutral
Coppock Curve
Strong
Vortex Indicator
Strong
Schaff Trend Cycle
Strong
Elder Impulse System
Strong
Pivot Points
Support 2
2539.92
Support 1
2572.09
Pivot Point
2609.48
Resistance 1
2641.65
Resistance 2
2679.04
Support & Resistances
Support 1
2349.79
Last Price
2604.27
Resistance 1
2695.9
Overview
Ethereum is a blockchain platform designed to provide developers with a powerful and flexible environment for creating decentralized applications (DApps) and smart contracts. It offers a fully-fledged Turing-complete programming language, enabling users to encode arbitrary state transition functions and build a wide range of systems and applications. With a focus on rapid development, security for smaller applications, and efficient interactions between DApps, Ethereum serves as an alternative protocol for decentralized application development. Its abstract foundational layer empowers developers to define their own rules for ownership, transaction formats, and state transitions, fostering innovation and scalability in the world of decentralized technologies.
Whitepaper & Documents
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COMMENTS
1 Comments
Abdullah
4 months agoAoA. Is this analysis based on proof of work or proof of stake?
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