$ETH
Ethereum (ETH) is a decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Unlike Bitcoin, which primarily functions as digital money, Ethereum serves as a flexible platform for various blockchain-based innovations. Its native cryptocurrency, Ether (ETH), is used to pay for transactions and computational services on the network. Ethereum introduced the concept of programmable contracts, allowing for complex decentralized systems like decentralized finance (DeFi), non-fungible tokens (NFTs), and more. It transitioned to a proof-of-stake consensus mechanism to improve energy efficiency and scalability. Ethereum continues to be a foundation of Web3 development.
