$ETH

Ethereum (ETH) is a decentralized blockchain platform that enables secure, transparent, and tamper-proof transactions. It uses smart contracts to facilitate peer-to-peer transactions without intermediaries. Here are some key aspects of Ethereum ¹ ²:

- *Current Price*: $2,600.57, with a 1.02% increase

- *Market Capitalization*: $313,961,922,998.00

- *Transaction Processing*: Ethereum's gas system measures computational effort, ensuring efficient transaction processing

- *Smart Contracts*: Written in languages like Solidity and Vyper, these contracts automate various processes and applications

- *Use Cases*: Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and gaming applications

- *Network Security*: Transitioned from Proof of Work (PoW) to Proof of Stake (PoS) consensus mechanism, enhancing sustainability and security

Ethereum's flexibility and large user base make it an ideal platform for building decentralized applications. Its native cryptocurrency, Ether, facilitates transactions and smart contract executions ¹.