$ETH

The Ethereum (ETH) project is one of the most influential and widely used blockchain platforms, revolutionizing the crypto space with its smart contract functionality and decentralized applications (DApps). Launched in 2015 by Vitalik Buterin and a team of developers, Ethereum introduced a programmable blockchain, allowing developers to create self-executing contracts without intermediaries.

Ethereum powers DeFi (Decentralized Finance), NFTs (Non-Fungible Tokens), DAOs (Decentralized Autonomous Organizations), and various decentralized applications. However, it has faced challenges like scalability issues and high gas fees, leading to the transition from Proof of Work (PoW) to Proof of Stake (PoS) with Ethereum 2.0 (The Merge) in 2022.

To improve efficiency, Ethereum now focuses on Layer 2 scaling solutions like Optimistic Rollups and zk-Rollups. It remains the backbone of Web3, attracting developers and enterprises looking to build on a decentralized infrastructure. With ongoing upgrades and ecosystem growth, Ethereum continues to shape the future of blockchain technology.