$ETH Ethereum (ETH) is a decentralized, open-source blockchain platform that allows for the deployment of smart contracts and decentralized applications (dApps). Launched in 2015, Ethereum has become one of the most popular blockchains, supporting numerous projects and applications in the fields of decentralized finance (DeFi), non-fungible tokens (NFTs), and many other areas.

Key features of Ethereum:

• Smart contracts: Ethereum allows for the creation and execution of smart contracts, which are programs that automatically execute the terms of agreements between parties without the need for third-party intervention.

• Decentralized applications (dApps): This platform supports the development of dApps that operate on a decentralized network, providing high security and freedom for users.

Ether (ETH):

ETH is the official digital currency of the Ethereum network, used for:

• Transaction fees (Gas): To execute transactions or operate smart contracts on the Ethereum network, users must pay a fee, known as gas fees, in ETH.

• Participating in DeFi protocols: ETH is widely used in decentralized finance protocols such as lending, decentralized exchanges, staking, and yield farming.

Latest updates:

On September 15, 2022, Ethereum completed the “The Merge” event, transitioning from a Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS). This upgrade helps reduce energy consumption and improve the sustainability of the network.

ETH price analysis:

As of January 24, 2025, the price of ETH is trading at around $3,218.67, a slight decrease of 0.008% compared to the previous session.