Ethereum: The Queen of Smart Contracts
Ethereum (ETH) stands out as the second-largest cryptocurrency in the world, behind only Bitcoin, and is widely considered the most versatile and innovative in the crypto ecosystem. Launched in 2015 by Vitalik Buterin, Ethereum is not just a digital currency, but a decentralized platform that enables the creation of smart contracts and decentralized applications (dApps).
Why is Ethereum so valued?
- Smart contracts: Automate agreements without intermediaries.
- DeFi ecosystem: Hosts most decentralized finance projects.
- NFTs and metaverse: It is the foundation of many non-fungible token projects.
- Upgrade to Proof of Stake: Reduced energy consumption by over 99%.
With over $70 billion in total value locked (TVL), Ethereum is the backbone of Web3 and continues to attract developers, investors, and institutions.