Ethereum: More than just a cryptocurrency

Ethereum is one of the most important blockchain platforms and was founded in 2015 by Vitalik Buterin. Unlike Bitcoin, which primarily serves as a digital payment method, Ethereum enables so-called smart contracts – self-executing contracts that operate without intermediaries.

The platform uses the cryptocurrency Ether (ETH), which is not only used for transactions but also for paying for computational power in the Ethereum network. In 2022, the transition to Ethereum 2.0 took place with the 'Merge', where the energy-intensive proof-of-work method was replaced by proof-of-stake. This made Ethereum more environmentally friendly and efficient.

Ethereum is the foundation for many decentralized applications (dApps), including DeFi projects and NFTs. Despite competition, it remains one of the most influential blockchains and is constantly evolving. With scaling solutions like 'Sharding', Ethereum aims to become even faster and cheaper in the future.

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