$ETH TH, or Ether, is the native cryptocurrency of the Ethereum blockchain, a decentralized open-source platform that enables smart contracts and decentralized applications (dApps). Launched in 2015, Ethereum has grown to become the second-largest cryptocurrency by market capitalization after Bitcoin, playing a pivotal role in the broader crypto ecosystem.
Unlike Bitcoin's primary focus on digital currency, Ethereum's versatility allows developers to build a vast array of applications, including decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and various enterprise solutions. The network recently transitioned to Ethereum 2.0 (also known as "The Merge"), shifting from a proof-of-work to a proof-of-stake consensus mechanism. This upgrade aims to improve scalability, security, and energy efficiency, addressing some of the network's previous limitations and paving the way for future advancements.
