$ETH

platform known for its smart contract capabilities. Launched in 2015 by Vitalik Buterin and others, it allows developers to build decentralized applications (dApps) without relying on centralized systems. ETH is the native cryptocurrency used to pay for transactions and computational services on the network. In 2022, Ethereum shifted from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus model, significantly reducing its energy consumption. Ethereum powers many innovations in the crypto space, including decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 applications. On Binance, ETH can be traded, staked, or used for various decentralized services and financial products.