$ETH Ethereum is a decentralized blockchain platform that enables smart contracts and decentralized applications (DApps) to run without downtime, fraud, or third-party interference. Launched in 2015 by Vitalik Buterin and a team of developers, Ethereum introduced the concept of programmable blockchain, allowing developers to build and deploy their own applications using its native programming language, Solidity.
At the heart of Ethereum is Ether (ETH), the network’s native cryptocurrency, which powers transactions and smart contract executions. Ethereum transitioned from Proof of Work (PoW) to Proof of Stake (PoS) with the Ethereum 2.0 upgrade, enhancing scalability, security, and sustainability. This shift reduced energy consumption by over 99%.
With a vast ecosystem of DeFi projects, NFTs, and Web3 innovations, Ethereum remains a cornerstone of the blockchain industry. As adoption grows, it continues to shape the future of decentralized finance, digital ownership, and the internet itself.