$ETH
Ethereum is a decentralized global software platform that utilizes blockchain technology. It is known for its native cryptocurrency, ether (ETH), and its use in building and deploying decentralized applications (dApps). Ethereum facilitates peer-to-peer networks where applications can execute and verify code, enabling smart contracts for secure, transparent transactions without a central authority.
Key Aspects of Ethereum:
Decentralized Platform:
Ethereum operates on a decentralized network, meaning it is not controlled by any single entity.
Smart Contracts:
Ethereum's core functionality revolves around smart contracts, which are self-executing agreements stored on the blockchain.
Decentralized Applications (dApps):
Developers can build and deploy dApps on the Ethereum network, leveraging its capabilities for various use cases.
Cryptocurrency (ETH):
Ether (ETH) is the native cryptocurrency of Ethereum, used for paying gas fees for transactions and powering dApps.
Blockchain Technology:
Ethereum utilizes blockchain technology to create a secure, immutable, and transparent record of transactions.
Ethereum's flexibility and scalability have made it a foundation for many emerging blockchain-based technologies and applications.