$ETH

# The Ethereum Blockchain: Powering Decentralized Innovation

Ethereum, launched in 2015 by Vitalik Buterin, is a pioneering blockchain platform that extends beyond cryptocurrency. Unlike Bitcoin, Ethereum’s blockchain enables smart contracts—self-executing agreements coded to run automatically when conditions are met. These contracts power decentralized applications (dApps), from decentralized finance (DeFi) platforms to non-fungible token (NFT) marketplaces.

Ethereum’s native cryptocurrency, Ether (ETH), fuels transactions and computations. The blockchain’s transition to Ethereum 2.0 in 2022 adopted proof-of-stake, slashing energy consumption by ~99% compared to its original proof-of-work system. This eco-friendly shift enhanced scalability and transaction speeds, solidifying Ethereum’s dominance.

With over 3,000 dApps and a vibrant developer community, Ethereum drives innovation in Web3, gaming, and digital ownership. Despite challenges like high gas fees, its roadmap promises affordability and efficiency, ensuring Ethereum remains a cornerstone of decentralized technology.