#ETHMarketWatch

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#Eth $ETH Ethereum (ETH) is the second largest cryptocurrency by market capitalization after Bitcoin. It was introduced in 2015 by Vitalik Buterin and revolutionized blockchain technology by introducing smart contracts. These allow developers to create decentralized applications (DApps) that can be operated without centralized instances.

ETH is not only a cryptocurrency, but also the „fuel“ token for the Ethereum network. It drives transactions and is used to pay for fees (gas) required to execute smart contracts. Ethereum differs from Bitcoin in that it is not only intended as a digital means of payment, but also provides a platform for the development of blockchain-based applications.

With the introduction of Ethereum 2.0, the network has evolved from a proof-of-work to a proof-of-stake consensus mechanism. This significantly increases the scalability, efficiency and environmental friendliness of the network. ETH holders can now actively participate in staking and receive rewards for securing the network.

Ethereum is a cornerstone in the area of decentralized finance (DeFi) and non-fungible tokens (NFTs). Many of the largest DeFi projects are based on the Ethereum blockchain. Despite challenges such as high transaction fees, Ethereum remains a crucial innovation driver in the crypto ecosystem.

Thanks to its flexibility and active developer community, Ethereum is a key player in the future of blockchain technology.

ETH The Next BTC?

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