#BinanceHODLerPLUME 10- ETH Summary of Ethereum (Ethereum – ETH)
Ethereum is a blockchain network launched in July 2015, and is one of the oldest and most important cryptocurrencies after Bitcoin. The native currency of the network is Ether (ETH), and Ethereum is characterized by its support for smart contracts, which are code snippets that allow for the execution of decentralized applications (dApps) without intermediaries, such as games, decentralized finance (DeFi), and digital markets.
The network hosts more than 4,400 decentralized applications, making it a massive and open environment for developers to create diverse projects. In 2022, Ethereum transitioned from proof-of-work (PoW) to proof-of-stake (PoS) through the "Merge" update, which reduced energy consumption and made it more environmentally friendly compared to Bitcoin.
The core strength of Ethereum remains in supporting massive decentralized systems and providing infrastructure for financial applications and digital games, making it one of the most influential and flexible networks in the modern blockchain world.