Ethereum is a decentralized blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It was proposed in 2013 by Vitalik Buterin and launched in 2015. Here are the most relevant points:
Main Features of Ethereum
Smart Contracts
They are self-executing programs that activate when specific conditions are met. Example: Automatically transferring funds when a digital contract is signed.
Ether (ETH)
It is the native cryptocurrency of Ethereum.
It is used to pay transaction fees and as a medium of exchange. It is currently one of the most valuable and popular cryptocurrencies.
Ethereum Blockchain
Decentralized: Data is stored on nodes distributed around the world. Security: It uses cryptography to protect transactions.
Gas Usage
Gas is a measure of the amount of computational work required to process a transaction or execute a contract. It is paid in Ether, and its cost varies depending on network congestion.
Decentralized Applications (dApps)
Ethereum allows the development and execution of dApps for various uses, such as decentralized finance (DeFi), gaming, supply chains, among others.
Ethereum 2.0 Upgrade (The Merge)
Migration from a Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS). It reduces energy consumption and improves network scalability.
Advantages of Ethereum
Versatile platform for developers. Large support community and constant innovation. Compatible with token projects (ERC-20) and NFTs (ERC-721).
