$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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