#BTCbelow100k Explanation of Ethereum in Brief

Ethereum is a digital platform that operates on blockchain technology and is used to create and run smart contracts and decentralized applications (dApps) without intermediaries.

In Brief:

Currency: The name of the digital currency is Ether (ETH), and it is used to pay fees and execute contracts on the network.

Objective: To empower users to create decentralized applications that operate automatically without control from a central authority.

Difference from Bitcoin: While Bitcoin is designed as a digital currency, Ethereum is a development platform in addition to being a currency.

Smart Contracts: These are programs that run automatically when certain conditions are met, and they are used in fields such as finance, gaming, real estate, etc.

Ethereum 2.0: This is a major upgrade aimed at making the network faster and less energy-consuming by using a Proof of Stake system instead of Proof of Work.