ETH stands for Ethereum!
Ethereum is an open-source, decentralized, blockchain-based platform that enables the creation of smart contracts and decentralized applications (dApps).
Here are some key facts about Ethereum:
1. _Founded in 2014_: By Vitalik Buterin and a team of developers.
2. _Smart contracts_: Ethereum's platform allows for the creation and execution of self-executing contracts with the terms of the agreement written directly into code.
3. _Decentralized applications (dApps)_: Ethereum's platform enables the creation of dApps, which are applications that run on the blockchain.
4. _Ether (ETH) token_: Ethereum's native cryptocurrency is called Ether (ETH), which is used to pay for transaction fees and computational services on the network.
5. _Blockchain upgrades_: Ethereum has undergone several upgrades, including the transition from Proof of Work (PoW) to Proof of Stake (PoS) with the Ethereum 2.0 upgrade.
Ethereum has become one of the largest and most widely-used blockchain platforms, with a strong developer community and a wide range of applications, including:
- DeFi (Decentralized Finance)
- NFTs (Non-Fungible Tokens)
- Gaming
- Social media
- And more!