$ETH

# Ethereum (ETH) - World Computer

Ethereum operates as a decentralized world computer, enabling developers to build and deploy smart contracts and decentralized applications (dApps) on a global, censorship-resistant platform. Unlike Bitcoin's focus on peer-to-peer payments, Ethereum's virtual machine can execute arbitrary code, creating programmable money and automated financial instruments. The platform hosts the majority of DeFi protocols, enabling users to lend, borrow, trade, and earn yield without traditional financial intermediaries. Ethereum's transition to proof-of-stake via "The Merge" dramatically reduced energy consumption while introducing staking rewards for ETH holders. The network's composability allows protocols to integrate seamlessly, creating innovative financial products impossible in traditional finance. Despite scalability challenges addressed through Layer-2 solutions, Ethereum maintains its position as the foundation for Web3 innovation, hosting everything from NFT marketplaces to decentralized autonomous organizations governing billions in assets.