Ethereum (ETH) is a decentralized, open-source blockchain system that features smart contract functionality. Here's a breakdown of its key aspects:
1. What is ETH (Ethereum)?
ETH is the native cryptocurrency of the Ethereum platform.
Created by Vitalik Buterin and launched in 2015.
Unlike Bitcoin, which is mainly a digital currency, Ethereum is designed as a platform for decentralized applications (dApps).
2. Core Features
Smart Contracts: Self-executing contracts with the terms directly written in code.
dApps: Apps that run on the blockchain without a central authority.
DeFi: Ethereum powers most decentralized finance applications.
NFTs: Most non-fungible tokens are minted on Ethereum.
3. Ethereum 2.0 (The Merge)
In 2022, Ethereum transitioned from Proof-of-Work (PoW) to Proof-of-Stake (PoS).
This greatly reduced its energy consumption and improved scalability.
4. Use Cases
Currency: Used for peer-to-peer payments.
Gas Fees: ETH is required to pay for transactions and smart contract execution.
Investment: Seen as a store of value and growth asset.
5. Risks & Challenges
High Gas Fees: Transactions can be expensive during network congestion.
Scalability: While improved, scalability is still a work in progress.
Competition: Other blockchains like Solana, Cardano, and Avalanche compete with Ethereum.
Would you like to know its current market value, price trends, or investment potential?
Now Next move 2000$...so trade this coin....
