$ETH
ETH: The second largest cryptocurrency in the market
Key features of ETH:
* Smart contracts: Smart contracts are computer programs that run automatically when certain conditions are met. This allows the creation of decentralized applications that are secure, transparent, and resistant to censorship.
* Decentralized applications (dApps): dApps are applications that run on the Ethereum network. This enables the creation of applications that are more secure, transparent, and resistant to censorship than traditional applications.
* Proof of Stake (PoS): Ethereum uses a proof of stake consensus mechanism, which means that users can validate transactions and create new blocks on the blockchain by "staking" their ETH. This makes the network more energy-efficient and secure.
Uses of ETH:
* Payment of transaction fees on the Ethereum network.
* Execution of smart contracts and dApps.
* Investment and trading.
Advantages of ETH:
* Leading decentralized computing platform.
* Wide range of applications and use cases.
* Active and growing developer community.
Disadvantages of ETH:
* Price volatility.
* Transaction fees can be high during network congestion.
* The complexity of the platform can be a barrier for new users.