#ETH🔥🔥🔥🔥🔥🔥

Ethereum was created in 2015 by Vitalik Buterin, the Russian-Canadian programmer. The platform is based on the principle of decentralization, meaning it is not controlled by a single entity.

Ethereum allows users to build and deploy software, often in the form of decentralized applications, which are then run by the distributed global network of computers that operate Ethereum. The network is decentralized, making it highly resistant to any form of censorship or disruption.

Additionally, Ethereum is an open-source blockchain platform that operates using its native currency, called Ether or ETH. All transaction fees on the network, or processing fees, are paid in ETH. ETH is specifically used by the Ethereum blockchain to pay transaction fees and is responsible for running everything that happens on the network.

Anyone can use the Ethereum network to create and run smart contracts, which represent programs that operate independently without user intervention. The growth of Ethereum can be partially attributed to the ability to use smart contracts, which have enabled the creation of a growing ecosystem of decentralized applications, NFTs, and more.

The Ethereum network completed its transition from a Proof of Work (PoW) consensus mechanism to a Proof of Stake (PoS) consensus mechanism in September 2022. $ETH