Ethereum is a decentralized platform that relies on blockchain technology and is primarily used to run smart contracts and decentralized applications (dApps). It was launched in 2015 by a group of developers led by Vitalik Buterin.
Key features of Ethereum:
Smart Contracts:
Programs that run automatically when certain conditions are met, without the intervention of a third party.
ETH (Ether):
The digital currency used within the Ethereum network, used to pay transaction fees and execute smart contracts.
Programmable Blockchain:
Unlike Bitcoin, which is used only as a currency, Ethereum can be used to develop various applications (games, NFT marketplaces, decentralized finance platforms...).
Transition to Ethereum 2.0 (now referred to as "Ethereum after The Merge"):
In September 2022, the network transitioned from a Proof of Work mechanism to a Proof of Stake mechanism, to reduce energy consumption and increase efficiency.
Common uses for Ethereum:
Decentralized Finance (DeFi)
Non-Fungible Tokens (NFTs)
Smart Contracts
Blockchain-based games
Do you want information on its current price? How to buy it? Or how to develop smart contracts on it?$ETH