Ethereum is a decentralized, open-source blockchain system that features smart contract functionality. It was proposed in 2013 by programmer Vitalik Buterin and development began through a public crowdfunding effort in 2014, with the network going live on July 30, 2015.
Here are some key aspects of Ethereum:
Ether (ETH): The native cryptocurrency used to pay for transactions and computational services on the network.
Smart Contracts: Self-executing code that runs on the blockchain, enabling applications like decentralized finance (DeFi), NFTs, and DAOs.
Ethereum Virtual Machine (EVM): The runtime environment for smart contracts in Ethereum.
Proof-of-Stake (PoS): As of the "Merge" in September 2022, Ethereum now uses PoS instead of Proof-of-Work (PoW), making it more energy-efficient.
Use Cases: DeFi platforms (e.g., Uniswap, Aave), NFT marketplaces (e.g., OpenSea), decentralized apps (dApps), and more.
Would you like to know more about how Ethereum works, its investment potential, or how to use it?
