Ethereum $ETH is a decentralized, open-source blockchain platform launched in 2015 by Vitalik Buterin and others. It’s best known for enabling *smart contracts*—self-executing agreements coded directly onto the blockchain.
How It Works
While Bitcoin $BTC focuses on peer-to-peer digital payments, Ethereum goes further. It allows developers to build decentralized applications (dApps) on its blockchain. These apps run without downtime, fraud, or interference from third parties.
$$ETH is the native cryptocurrency of the Ethereum network. It's used to pay for transactions and computational services on the blockchain.
Key Features:
Smart Contracts: Automate processes like lending, trading, and insurance.
DeFi: Powers decentralized finance platforms that let users borrow, lend, and trade without intermediaries.
NFT:Ethereum is the main network for non-fungible tokens (NFTs), which represent digital ownership.
Transition to Proof of Stake:Ethereum moved from energy-intensive mining (Proof of Work) to a greener system called Proof of Stake via the Ethereum 2.0 upgrade.
