#BinanceEarnYieldArena

Ethereum (ETH) 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 others, Ethereum introduced the concept of smart contracts, which execute automatically when conditions are met. Its native cryptocurrency, Ether (ETH), is used for transactions and computational services. Ethereum transitioned from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism in 2022 (The Merge), improving scalability and energy efficiency. It remains a key player in decentralized finance (DeFi), NFTs, and Web3 innovations, shaping the future of blockchain technology.