$ETH
Ethereum ($ETH) is one of the most prominent cryptocurrencies, known for its innovative blockchain technology and smart contract capabilities. Unlike Bitcoin, which primarily functions as a digital currency, Ethereum serves as a decentralized platform for building and deploying decentralized applications (dApps).
Its blockchain uses the Ethereum Virtual Machine (EVM), allowing developers to create smart contracts—self-executing agreements with terms directly written into code. Ethereum's recent transition to Ethereum 2.0 and the Proof-of-Stake (PoS) consensus mechanism has significantly reduced energy consumption, making it more eco-friendly and scalable.
it powers the Ethereum network, used to pay transaction fees and interact with dApps. Ethereum is the backbone of decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 projects, making it a crucial player in the crypto ecosystem. Its wide adoption and continuous development position it as a transformative technology for financial systems and beyond.