#DEFİ

$ETH #MyTradingStyle #GENIUSActPass

✅ Decentralized Applications (dApps)

Opened the door for projects:

• Decentralized Finance (DeFi)

• Non-Fungible Tokens (NFTs)

• Blockchain Gaming

• DAOs (Decentralized Autonomous Organizations)

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🔥 Major Challenges:

🧨 2016: The “DAO” Disaster

• The DAO project was hacked, and $50 million worth of ETH was stolen.

• The community was divided:

• Some wanted to leave things as they were.

• Some (led by Vitalik) proposed a network upgrade (hard fork) to recover the funds.

Thus, two branches were born:

• Ethereum (the current one)

• Ethereum Classic (the original, unmodified version)

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🔄 From Proof of Work to Proof of Stake

In 2022, Ethereum was upgraded to a new system:

• From Proof of Work to Proof of Stake

• This reduced energy consumption by nearly 99%.

This update is known as: “The Merge”

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📊 Today:

• Ethereum is the second-largest crypto project after Bitcoin.

• It manages hundreds of billions of dollars.

• It is used by millions of developers and users.

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💡 In Summary:

“Ethereum is not just a digital currency… it is a platform for building the decentralized digital future.”

It was created by a 19-year-old, and today it has changed the nature of the internet and the global economy.

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