$ETH
Ethereum (ETH) is the second-largest cryptocurrency by market capitalization and the leading smart contract platform. It powers a vast ecosystem of decentralized applications (dApps), DeFi protocols, and NFTs.
Key Features of Ethereum:
1. Smart Contracts – Self-executing contracts that automate transactions without intermediaries.
2. Ethereum 2.0 (Proof-of-Stake) – Transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) for better scalability and energy efficiency.
3. Decentralized Finance (DeFi) – Ethereum is the backbone of DeFi, enabling lending, borrowing, and trading without banks.
4. NFT Ecosystem – Most NFTs are built on Ethereum using the ERC-721 and ERC-1155 standards.
5. Layer 2 Scaling Solutions – Networks like Arbitrum, Optimism, and zk-Rollups reduce transaction fees and increase speed.
ETH Price & Market Trends:
Ethereum’s price is influenced by market demand, network upgrades, institutional adoption, and overall crypto trends.