$ETH Ethereum (ETH) is a decentralized blockchain platform that allows developers to create and deploy smart contracts and decentralized applications (dApps). Launched in 2015 by Vitalik Buterin and others, Ethereum introduced the concept of a programmable blockchain, which expanded the use of blockchain beyond cryptocurrency. Its native token, Ether (ETH), is used for transactions and computational services on the network. Ethereum transitioned from Proof of Work to Proof of Stake in 2022 with 'The Merge', significantly reducing energy consumption. It supports DeFi, NFT, and a wide range of Web3 applications. The Ethereum network is a cornerstone of innovation in blockchain, offering tools and infrastructure for the next generation of the internet, where users have greater control over their data and digital assets.