#BinanceEarnYieldArena Ethereum (ETH) is a decentralized blockchain platform created by Vitalik Buterin in 2015. It enables smart contracts and decentralized applications (DApps), driving sectors like DeFi and NFTs. Initially, it used Proof of Work (PoW), but migrated to Proof of Stake (PoS) in 2022, reducing energy consumption by 99%. The Ethereum Virtual Machine (EVM) executes contracts on the network, while ERC-20 and ERC-721 tokens facilitate cryptocurrencies and digital assets. Designed for scalability and security, Ethereum leads innovation in blockchain, serving as the foundation for various financial and technological applications. Its token, ETH, is used for transactions and staking.