$ETH

Ethereum ($ETH) - Key Details

1. What is Ethereum?

Ethereum is a decentralized blockchain platform that enables smart contracts and decentralized applications (dApps) without relying on a central authority. It was proposed in 2013 by Vitalik Buterin and launched in 2015.

2. What is $ETH?

$ETH (Ether) is the native cryptocurrency of the Ethereum network.

Used to pay gas fees (transaction fees) for executing smart contracts.

Supports staking, where users lock ETH to help secure the network and earn rewards.

3. Key Features of Ethereum

Smart Contracts – Self-executing agreements coded into the blockchain.

Decentralized Finance (DeFi) – Enables lending, borrowing, yield farming, etc.

NFTs (Non-Fungible Tokens) – Unique digital assets like art, collectibles, and gaming items.

Layer 2 Scaling Solutions – Technologies like Rollups reduce congestion and fees.

Proof-of-Stake (PoS) – Ethereum transitioned from Proof-of-Work (PoW) to PoS with Ethereum 2.0 (The Merge) in 2022, making it more energy-efficient.

4. Ethereum vs. Bitcoin

5. Future of Ethereum

Ethereum 2.0 upgrades – Scalability improvements with sharding.

Mass adoption – More enterprises, institutions, and developers building on Ethereum.

Interoperability – Connecting with other blockchains via bridges.

Ethereum is the backbone of Web3, powering the decentralized internet, finance, and innovation across multiple industries.