#MarketCorrection #TokenUnlocks:APT,ADA,ENA #MicroStrategyAcquiresBTC Ethereum (ETH): A Leading Blockchain Platform
Ethereum, denoted by its cryptocurrency ticker ETH, is a decentralized blockchain platform launched in 2015 by Vitalik Buterin and a team of developers. Unlike Bitcoin, which primarily serves as a digital currency, Ethereum offers a versatile ecosystem for creating decentralized applications (DApps) and smart contracts. These self-executing contracts automate agreements without intermediaries, enabling applications in finance, gaming, supply chain, and more.
Ethereum's blockchain underwent a major transition in 2022 with the launch of Ethereum 2.0, adopting the energy-efficient proof-of-stake consensus mechanism, significantly reducing its energy consumption. ETH is not only a utility token for executing smart contracts but also a popular investment asset with a market capitalization second only to Bitcoin.
Its ecosystem fosters innovation, hosting major decentralized finance (DeFi) projects and non-fungible tokens (NFTs), making Ethereum a foundational pillar of the blockchain revolution.
For more, visit Ethereum.org.