$ETH

Ethereum (ETH)

Ethereum (ETH) is the second largest cryptocurrency by market capitalization after Bitcoin. It was launched in 2015 by Vitalik Buterin and is considered an open-source platform that uses smart contracts to build decentralized applications (DApps).

Characteristics of Ethereum

- *Smart Contracts*: Allow agreements to be executed automatically without the need for intermediaries.

- *Decentralization*: Enables developers to build decentralized applications.

- *Innovation*: Encourages innovation in various fields such as decentralized finance (DeFi) and non-fungible tokens (NFT).

Uses of Ethereum

- *Decentralized Finance (DeFi)*: Used to build decentralized lending and trading platforms.

- *Non-Fungible Tokens (NFT)*: Used to create and sell unique digital assets.

- *Decentralized Applications*: Can be used to build applications in various fields such as gaming and financial services.$ETH