$ETH [11/4, 8:16 a. m.] Meta AI: Ethereum, or ETH, is a decentralized, open-source blockchain system with its own cryptocurrency, Ether. It's a platform for creating and executing smart contracts, and its price today is $1,566.29 with a 2.23% increase over the last 24 hours ¹.
*Key Features of Ethereum:*
- *Decentralized and Open-Source*: Ethereum's blockchain is maintained by a network of computers worldwide, rather than a single central authority.
- *Smart Contracts*: Self-executing contracts with the terms of the agreement written directly into lines of code, allowing for automated processes and transactions.
- *Ether (ETH)*: The native cryptocurrency used for transactions, smart contract execution, and other network activities.
*What Makes Ethereum Unique?*
- *Programmable*: Developers can build and deploy decentralized applications (dApps) on the Ethereum network.
- *Decentralized Finance (DeFi)*: Ethereum's DeFi ecosystem offers lending, borrowing, and trading opportunities through various protocols and applications.
- *Non-Fungible Tokens (NFTs)*: Unique digital assets representing ownership of art, collectibles, and other items ² ³.
*Uses of Ethereum:*
- *Payments*: Send and
[11/4, 8:16 a. m.] Meta AI: Ethereum, or ETH, is a decentralized, open-source blockchain system with its own cryptocurrency, Ether. It's a platform for creating and executing smart contracts, and its price today is $1,566.29 with a 2.23% increase over the last 24 hours ¹.
*Key Features of Ethereum:*
- *Decentralized and Open-Source*: Ethereum's blockchain is maintained by a network of computers worldwide, rather than a single central authority.
- *Smart Contracts*: Self-executing contracts with the terms of the agreement written directly into lines of code, allowing for automated processes and transactions.
- *Ether (ETH)*: The native cryptocurrency used for transactions, smart contract execution, and other network activities.
*What Makes Ethereum Unique?*
- *Programmable*: Developers can build and deploy decentralized applications (dApps) ².
