$ETH
Ethereum (ETH) is the second largest cryptocurrency by market capitalization after Bitcoin. It was launched in 2015 by Vitalik Buterin and is considered an open-source platform that uses smart contracts to build decentralized applications (DApps). Ethereum is not only used as a cryptocurrency but also as fuel to operate applications and services on its network.
*Features of Ethereum:*
- *Smart Contracts*: Allow agreements to be executed automatically without the need for intermediaries.
- *Decentralization*: Enables developers to build decentralized applications.
- *Innovation*: Encourages innovation in multiple fields such as decentralized finance (DeFi) and non-fungible tokens (NFT).
*Uses of Ethereum:*
- *Decentralized Finance (DeFi)*: Used in building decentralized lending and trading platforms.
- *Non-Fungible Tokens (NFT)*: Used to create and sell unique digital assets.
- *Decentralized Applications*: Can be used to build applications in various fields such as gaming and financial services.
*Future of Ethereum:*
- Ethereum 2.0: An upcoming upgrade aimed at improving network performance and reducing energy consumption.
- *Scalability*: Ethereum is working on solutions to scale the network and improve transaction speed.$ETH