$ETH

Ethereum (ETH) is the second-largest cryptocurrency by market capitalization, acting as the native token of the Ethereum blockchain. Unlike Bitcoin, which primarily serves as a digital currency, Ethereum enables decentralized applications (dApps) and smart contracts, making it foundational to DeFi, NFTs, and Web3.

ETH operates on a proof-of-stake (PoS) consensus mechanism since the 2022 Merge, reducing energy consumption by over 99%. It is used to pay gas fees for transactions and smart contract executions on the network. This utility gives ETH intrinsic demand, especially during periods of high network activity.

Ethereum’s roadmap includes scalability upgrades like sharding and improvements through Layer 2 solutions (e.g., Arbitrum, Optimism). These aim to reduce costs and enhance throughput. ETH is also gaining recognition as a deflationary asset, due to EIP-1559, which burns a portion of transaction fees.

With robust developer activity, institutional interest, and evolving infrastructure, Ethereum remains a cornerstone of the blockchain ecosystem and a long-term asset to watch.

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