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$ETH

ETH Price: 2,233.8 (-1.17%)

Ethereum, launched in 2015 by Russian-Canadian programmer Vitalik Buterin, is a decentralized blockchain platform. Unlike centralized systems, no single authority controls Ethereum.

It enables users to create and deploy decentralized applications (DApps) on a global network of computers, making it highly resistant to censorship and downtime. As an open-source platform, Ethereum uses its native cryptocurrency, Ether (ETH), to pay for transactions—commonly referred to as gas fees.

ETH fuels all activity on the Ethereum network, from transactions to smart contracts—self-executing programs that run without manual input. These smart contracts are a major driver of Ethereum's success, powering a wide range of applications including NFTs and DeFi tools.

Ethereum has also transitioned from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism, improving its energy efficiency and scalability.

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