Ethereum (ETH) Coin Overview
Ethereum (ETH) is the second-largest cryptocurrency by market capitalization after Bitcoin. It is more than just digital money—Ethereum is a decentralized platform that enables smart contracts and decentralized applications (dApps) to run without any downtime, fraud, or interference from third parties. Launched in 2015 by Vitalik Buterin and others, Ethereum has revolutionized blockchain technology by introducing programmability.
ETH is used to pay for transactions and computational services on the Ethereum network. It also plays a vital role in decentralized finance (DeFi), non-fungible tokens (NFTs), and various blockchain-based innovations.
Ethereum is currently transitioning from Proof of Work (PoW) to Proof of Stake (PoS), known as Ethereum 2.0, to improve scalability, security, and energy efficiency.
