#TariffsPause ETH stands for Ethereum, which is a decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps).
Key points about ETH:
Native Token: Ether (ETH) is the native cryptocurrency used for transactions, gas fees, and smart contract execution.
Smart Contracts: Ethereum introduced the concept of smart contracts — self-executing agreements with the terms directly written into code.
Consensus Mechanism: Ethereum transitioned from Proof-of-Work (PoW) to Proof-of-Stake (PoS) after the Merge in 2022, making it more energy efficient.
EVM: The Ethereum Virtual Machine (EVM) allows developers to build and deploy applications across compatible blockchains.
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