Ethereum $ETH

is a decentralized, open-source blockchain platform that enables the creation and execution of smart contracts—self-executing agreements coded directly onto the blockchain. Launched in 2015 by Vitalik Buterin and others, Ethereum introduced a more versatile use of blockchain beyond just currency, supporting decentralized applications (dApps) and tokens like NFTs.

ETH, the platform's native cryptocurrency, is used to pay for transaction fees and computational services on the network, commonly referred to as "gas." Ethereum transitioned from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism in 2022 through "The Merge," significantly reducing its energy consumption. It remains a foundational technology in the Web3 ecosystem.

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