$ETH Ethereum (ETH) is a decentralized blockchain platform that enables the development and deployment of smart contracts and decentralized applications (dApps). Created by Vitalik Buterin in 2015, Ethereum revolutionized the cryptocurrency world by providing more than just a digital currency like Bitcoin. ETH, its native cryptocurrency, powers the network by enabling transactions and executing smart contracts without the need for intermediaries.
Ethereum's network is constantly evolving, with the recent shift from Proof of Work to Proof of Stake in the Ethereum 2.0 upgrade, aimed at improving scalability, security, and reducing energy consumption. The platform is widely used in DeFi (Decentralized Finance), NFTs (Non-Fungible Tokens), and other blockchain-based innovations. As more developers build on Ethereum, its influence in the blockchain space continues to grow, making it a pivotal player in shaping the future of decentralized technology.
