#XSuperApp Ethereum is a decentralized, open-source blockchain platform that goes beyond just enabling digital currency transactions. Created by Vitalik Buterin and launched in 2015, Ethereum introduced the concept of smart contracts—self-executing programs that run when predetermined conditions are met. #ETH This innovation expanded blockchain's capabilities, allowing developers to build decentralized applications (dApps) that can operate without third-party control.
At the heart of Ethereum lies its native cryptocurrency, Ether (ETH), which is used to power transactions, reward participants, and pay for computational services on the network.#CryptoStocks One of Ethereum’s major achievements was its shift from a proof-of-work (PoW) consensus mechanism to a more energy-efficient proof-of-stake (PoS) model through a process known as The Merge in 2022. This move significantly reduced the network’s energy consumption and paved the way for improved scalability and sustainability.
Ethereum has become a foundational layer for innovations like decentralized finance (DeFi), non-fungible tokens (NFTs), and even decentralized autonomous organizations (DAOs).#FOMCMeeting Its vibrant ecosystem supports thousands of projects and has fostered an active community of developers and users.
Looking forward, Ethereum aims to further enhance its capabilities with upgrades like sharding and Layer 2 solutions, which are intended to improve transaction speed and reduce costs. It's not just any technology—it's a dynamic digital economy evolving in real time.
