Mehak Jutt
--
Ethereum (ETH) — The World’s Decentralized Computer
Launched in 2015 by Vitalik Buterin and others, Ethereum $ETH is more than just a cryptocurrency. It’s a decentralized platform that allows developers to build and run smart contracts and decentralized applications (dApps) without downtime or third-party interference.
Native Token: ETH$ETH (also called Ether)
Consensus Mechanism: Proof of Stake (since the Merge in 2022)
Main Use Case: dApps, NFTs, DeFi, DAOs
Smart Contract Capability: Yes (pioneer of this concept)
🔹 Why It Matters:
Ethereum$ETH
revolutionized the blockchain industry by giving developers the tools to create blockchain-based apps. Most DeFi, NFT, and Web3 projects are built on Ethereum or its ecosystem
ETH is often seen as the most important altcoin (alternative to Bitcoin). As the Ethereum ecosystem grows, the demand for ETH increases because it is required to pay for network usage (gas fees).
Ethereum is responsible for starting the NFT craze and launching tokens like Uniswap, Chainlink, and Shiba Inu.
Native Token: ETH$ETH (also called Ether)
Consensus Mechanism: Proof of Stake (since the Merge in 2022)
Main Use Case: dApps, NFTs, DeFi, DAOs
Smart Contract Capability: Yes (pioneer of this concept)
🔹 Why It Matters:
Ethereum$ETH
revolutionized the blockchain industry by giving developers the tools to create blockchain-based apps. Most DeFi, NFT, and Web3 projects are built on Ethereum or its ecosystem
ETH is often seen as the most important altcoin (alternative to Bitcoin). As the Ethereum ecosystem grows, the demand for ETH increases because it is required to pay for network usage (gas fees).
Ethereum is responsible for starting the NFT craze and launching tokens like Uniswap, Chainlink, and Shiba Inu.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
6
0