#ETH
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#Ethereum is like a decentralized computing network. It allows developers to create and run applications on its blockchain using smart contracts.
Blockchain technology gained public notice with the advent of Bitcoin in 2009. Bitcoin is a cryptocurrency that runs on blockchain technology and is by far, the most popular and most ranked cryptocurrency. Ethereum was initially released in 2015. Within two years of its release, it was ranked the second-best blockchain network, Bitcoin is the first. The Ethereum network acquired more global interest when China stated that it is the best blockchain network ever created.
History of Ethereum
2013:
Ethereum was first described in Vitalik Buterin's white paper in 2013 with the goal of developing decentralized applications.
2014:
In 2014, EVM was specified in a paper by Gavin Wood, and the formal development of the software also began.
2015:
In 2015, Ethereum created its genesis block marking the official launch of the platform.
2018:
In 2018, Ethereum took second place in Bitcoin in terms of market capitalization.
2021:
In 2021, a major network upgrade named London included Ethereum improvement proposal 1559 and introduced a mechanism for reducing transaction fee volatility.
2022:
$In 2022, Ethereum has shifted from PoW( Proof-of-Work ) to PoS( Proof-of-State ) consensus mechanism, which is also known as Ethereum Merge. It has reduced Ethereum's energy consumption by ~ 99.95%.