$ETH

🔷 Ethereum (ETH) 101

🧠 What Is Ethereum?

A decentralized blockchain platform that supports smart contracts.

Created by Vitalik Buterin in 2015.

ETH is the native cryptocurrency.

🛠️ Key Features

Smart contracts: Self-executing code (e.g., DeFi, NFTs, DAOs).

Ethereum Virtual Machine (EVM): Powers decentralized apps (dApps).

ERC-20 & ERC-721: Standards for tokens and NFTs.

🔄 Transition to Proof of Stake

The Merge (Sep 2022) shifted Ethereum from Proof of Work → Proof of Stake.

Reduces energy use by ~99.95%.

⚡ Ethereum Upgrades

Shanghai upgrade: Enabled ETH unstaking.

Upcoming upgrades focus on scalability (Danksharding, Proto-Danksharding).

🧾 ETH Use Cases

Pay gas fees for dApps & NFTs.

Staking rewards.

Backbone of DeFi (Uniswap, Aave, MakerDAO, etc.).

📊 Tokenomics

ETH has no fixed max supply.

EIP-1559 introduced burn mechanism = deflationary pressure.

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