$ETH

Ethereum was created in 2015 by Vitalik Buterin, a Russian-Canadian programmer. The platform is based on the principle of decentralization, meaning it is not controlled by a single entity.

Ethereum allows users to create and deploy software, typically in the form of DApps, which are then powered by a distributed global network of computers running Ethereum. The network is decentralized, making it highly resistant to any form of censorship or service interruption.

Furthermore, Ethereum is an open-source blockchain platform powered by Ether (or ETH), its native currency. All network transaction fees, or gas, must be paid in ETH. ETH is specifically used by the Ethereum blockchain to pay for transactions and all activities occurring within the network.

The Ethereum network can be used by anyone who wants to create or use smart contracts, programs that run autonomously without user intervention. Ethereum's growth can be partly attributed to its numerous smart contracts, which have enabled the birth of a growing ecosystem of DApps, non-fungible tokens (NFTs), and more.

Ethereum completed its transition from a PoW to a PoS consensus mechanism in September 2022. In a PoS consensus mechanism, users can stake 32 ETH to validate transactions rather than solving computational puzzles using mining equipment, making the process more energy-efficient.

The Shanghai upgrade brought a series of technical improvements to the Ethereum platform. One of the key features introduced is the ability for users to...$ETH