Ethereum: The Foundation of Decentralized Innovation
Launched in 2015 by Vitalik Buterin and a team of developers, Ethereum is a decentralized, open-source blockchain that enables the creation and execution of smart contracts self executing programs that run without downtime, fraud, or interference.
Unlike Bitcoin, which is primarily a digital currency, Ethereum is a platform for building decentralized applications (dApps).
Core Technology
At the heart of Ethereum is the Ethereum Virtual Machine (EVM) a powerful environment that developers use to deploy dApps across sectors like DeFi, NFTs, gaming, and more.
Ethereum transitioned to a Proof-of-Stake (PoS) consensus in 2022 through the Merge, drastically reducing its energy consumption by over 99%.
Native Token: $ETH
Ethereum’s native token, ETH, is used to pay for gas (transaction fees), staking, and smart contract execution.
It's also one of the most widely used assets in DeFi and NFT marketplaces.
Ecosystem Impact
Ethereum is the most active blockchain ecosystem, hosting thousands of protocols and developers.
It serves as the backbone for innovations like Layer-2 scaling, rollups, and restaking cementing its role as the cornerstone of Web3.
