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src/intl/en/page-what-is-ether.json

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"page-what-is-ether-how-much-does-it-cost-to-send-eth-description-1": "Ethereum transactions require transaction <strong>fees paid in ETH</strong>. The fee is calculated based on the computational work required (measured in 'gas'), and the network's current demand. The price of gas fluctuates with network traffic, making transactions lower-cost during off-peak periods.",
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"page-what-is-ether-l2s": "Enter L2s: Scaling Ethereum",
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"page-what-is-ether-l2s-description-1": "As Ethereum's popularity grows, keeping transaction fees low becomes challenging. <strong>Layer 2 (L2)</strong> networks address this issue.",
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"page-what-is-ether-l2s-description-2": "L2s like <optimism>Optimism</optimism> and <arbitrum>Arbitrum</arbitrum> offer <strong>10-100x cheaper fees</strong> while inheriting Ethereum's security. They process transactions off-chain and post data to Ethereum.",
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"page-what-is-ether-l2s-description-2": "L2s like <optimism>Optimism</optimism> and <arbitrum>Arbitrum</arbitrum> offer <strong>10-100x cheaper fees</strong> while inheriting Ethereum's security. They process transactions offchain and post data to Ethereum.",
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"page-what-is-ether-l2s-description-3": "Think of them as express lanes that provide faster, cheaper transactions alongside Ethereum's main highway.",
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"page-what-is-ether-l2s-description-4": "L2 <strong>transfers can cost as little as less than $0.01</strong>, bringing Ethereum to millions more users through integrations with companies like Robinhood, PayPal, and Shopify.",
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"page-what-is-ether-l2s-description-4": "L2 <strong>transfers typically cost less than $0.01</strong>, bringing Ethereum to millions more users through integrations with companies like Robinhood, PayPal, and Shopify.",
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"page-what-is-ether-what-is-the-eth-supply": "What is the ETH supply?",
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"page-what-is-ether-what-is-the-eth-supply-description-1": "Unlike Bitcoin's fixed 21 million cap, ETH has dynamic supply mechanics:",
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"page-what-is-ether-what-is-the-eth-supply-description-2": "New ETH is issued to reward network validators at a limited rate calculated by the protocol",
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"page-what-is-ether-what-makes-eth-valuable-description-4": "<strong>Store of value</strong>: Many view ETH as \"digital oil\"—a scarce asset with real utility powering the digital economy.",
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"page-what-is-ether-what-makes-eth-valuable-description-5": "<strong>Supply dynamics</strong>: Fee burning creates deflationary pressure during high usage periods. Since 2021, <ultrasound>millions of ETH have been permanently removed</ultrasound> from circulation.",
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"page-what-is-ether-what-is-wrapping-eth": "What is wrapping ETH?",
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"page-what-is-ether-what-is-wrapping-eth-description-1": "Wrapped ETH (WETH) is an ERC-20 token that represents ETH on a 1:1 basis. Many decentralized apps and L2 networks are built to handle ERC-20 tokens, but native ETH itself is not an ERC-20 token. ‘Wrapping' (locking in a smart contract) ETH, and issuing an ERC-20 representation of that locked ETH (WETH), allows ether to be used across any apps and L2s that can only accept ERC-20 tokens. ",
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"page-what-is-ether-what-is-wrapping-eth-description-1": "Wrapped ETH (WETH) is an ERC-20 token that represents ETH on a 1:1 basis. Many decentralized apps and L2 networks are built to handle ERC-20 tokens, but native ETH itself is not an ERC-20 token. ‘Wrapping' means locking ETH in a smart contract, and issuing an ERC-20 representation of that locked ETH (WETH), allowing it to be used across any apps and L2s that can only accept ERC-20 tokens.",
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"page-what-is-ether-what-is-wrapping-eth-description-2": "Common uses include:",
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"page-what-is-ether-what-is-wrapping-eth-description-3": "Trading pairs on decentralized exchanges like <uniswap>Uniswap</uniswap>",
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"page-what-is-ether-what-is-wrapping-eth-description-4": "Collateral on lending platforms like <aave>Aave</aave>",

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