WORD OF THE DAY 8 LETTER
Ethereum is a decentralized blockchain platform designed for smart contracts and decentralized applications (dApps), with Ether (ETH) as its native cryptocurrency.
Ethereum enables users to write and deploy self-executing contracts (smart contracts) and supports a vast ecosystem of financial, gaming, social, and asset-tokenization apps. Vitalik Buterin described Ethereum in a 2013 whitepaper, and it officially launched on July 30, 2015. The platform has since implemented several major network upgrades to improve functionality and scalability.
As of now, the live price of Ether (ETH) is around $4,032, with a market capitalization exceeding $485 billion and a 24-hour trading volume of over $46 billion. Ethereum’s prominence has made it the foundation for most blockchain innovation, including DeFi (decentralized finance), NFTs, and stablecoins.$ETH
