ETH is the official symbol of the Ethereum currency, which is the second largest digital currency by market capitalization after Bitcoin. Ethereum is not just a digital currency; it is a decentralized platform that allows the creation and operation of smart contracts and decentralized applications (dApps) without the need for intermediaries.
Ethereum was launched in 2015 by Vitalik Buterin and a team of developers. ETH is used as fuel (Gas) to operate processes on the Ethereum network, such as executing smart contracts or transferring tokens.
Some of the most notable features of Ethereum:
High flexibility in application development.
A very active developer community.
Its transition to Proof of Stake through the "The Merge" update in 2022, which reduced energy consumption.
ETH is considered the cornerstone of the decentralized finance (DeFi) world and Web 3.