What is Ethereum and how does its network work?

Ethereum is a decentralized platform based on blockchain that allows the creation of smart contracts and decentralized applications (dApps) without the need for intermediaries.

Its network operates thanks to thousands of nodes distributed around the world that verify and record transactions. This ensures security, transparency, and resistance to censorship.

Currently, Ethereum operates under a system called Proof of Stake (PoS), which replaced the previous Proof of Work (PoW) after The Merge in 2022.

This change reduced the energy consumption of the network by more than 99% and allowed for greater scalability, paving the way for innovations such as sharding and layer 2 solutions.

Ethereum is not just a cryptocurrency: it is the engine of an entire ecosystem of decentralized finance (DeFi), NFTs, Web3 video games, and much more.

The network continues to evolve with constant updates to be faster, more secure, and accessible to millions of users.

Ethereum not only imagines the future of the internet: it is building it.

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