$ETH $ETH, or Ether, is the native cryptocurrency of the Ethereum network, an open-source blockchain platform that enables the creation and execution of smart contracts and decentralized applications (dApps).

Key features of $ETH:

Main function: It is used to pay transaction fees (gas fees) and as an incentive for miners or validators who secure the network.

Ethereum platform: Beyond being just a cryptocurrency, Ethereum allows for the creation of tokens, NFTs, blockchain games, and decentralized financial systems (DeFi).

Transition to Proof of Stake (PoS): Since September 2022 (with “The Merge”), Ethereum has shifted from Proof of Work (PoW) to Proof of Stake, reducing its energy consumption and making the validation process more efficient.

Symbol: ETH

Main founder: Vitalik Buterin

Launch: 2015

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