What is the Ethereum (ETH) currency?

Ethereum = More than just a currency

Launched in 2015 by the young programmer Vitalik Buterin, it is the second largest digital currency after Bitcoin, but it differs from it in one very important aspect:

The big difference?

- Ethereum is not just a currency, but a complete platform for building smart applications (like DeFi – NFT – blockchain games).

- It has smart contracts, which are protocols that execute automatically without human intervention.

Its features:

- Supports thousands of digital projects.

- Has a massive community of developers and investors.

- Has transitioned to a new system (Ethereum 2.0) that reduces energy consumption by 99%.

Its performance?

- It was sold for less than $1 in its early days.

- It previously reached over $4800 in November 2021.

Tips regarding Ethereum:

✅ Buy ETH if:

- You believe in the future of decentralized applications and blockchain.

- You are looking for a strong long-term project with real practical uses.

- You want to hold a strong currency that may continue to grow as technology expands.

❌ Avoid ETH if:

- You do not have experience with high volatility.

- You are looking for quick profits within days.

- You cannot bear to see your capital decrease by 30%-50% at times.

Its symbol: ETH

The supply is unlimited but is controlled.