$ETH O Ethereum ($ETH) is one of the most important cryptocurrencies in the market, surpassed only by Bitcoin in market value. Launched in 2015 by Vitalik Buterin and other developers, Ethereum stands out for its ability to support smart contracts and decentralized applications (dApps). This means that, in addition to being a digital currency, Ethereum serves as a foundation for a multitude of projects in the realm of decentralized finance (DeFi), non-fungible tokens (NFTs), blockchain games, and much more.
The native currency of the network, Ether ($ETH), is used to pay transaction fees and also acts as a store of value and investment asset. With the launch of Ethereum 2.0 and the transition to the proof-of-stake (PoS) consensus mechanism, the network has become more sustainable and efficient, reducing its energy consumption and improving scalability.
ETH is widely traded on cryptocurrency exchanges around the world and has a significant influence on the market as a whole. Its performance is seen as a thermometer for the health and innovation of the global crypto ecosystem.