#EthereumSecurityInitiative $ETH
Ethereum (ETH) is not just a cryptocurrency, but a powerful decentralized blockchain platform that enables the development of decentralized applications (dApps) and decentralized finance (DeFi) through smart contracts. These contracts are self-executing pieces of code when predetermined conditions are met, eliminating the need for intermediaries.
After the transition to the Proof-of-Stake consensus mechanism (Merge), Ethereum has significantly reduced energy consumption and paved the way for better scalability in the future. With a vibrant ecosystem and a central role in Web3, ETH is currently the second-largest cryptocurrency by market capitalization, serving as the "fuel" for the network and transactions.