$ETH The second largest cryptocurrency by market capitalization is much more than just a digital currency. Its blockchain serves as a decentralized platform that enables the creation of smart contracts and decentralized applications (dApps). This functionality has driven a wide range of use cases, from decentralized finance (DeFi) and non-fungible tokens (NFTs) to decentralized autonomous organizations (DAOs).

The transition of Ethereum to a Proof of Stake consensus mechanism with the "Merge" in 2022 marked an important milestone, significantly improving its energy efficiency. Despite challenges regarding scalability and gas fees, Ethereum remains a fundamental infrastructure for innovation in the Web3 space. Its continuous evolution and vibrant developer community suggest a promising future for this transformative technology.