A Brief Explanation of the Ethereum Currency (Ethereum)
Ethereum is not just a digital currency; it is an open-source blockchain platform launched in 2015 by developer Vitalik Buterin. Its main currency is called "Ether" (ETH), and it is the second-largest cryptocurrency by market capitalization after Bitcoin.
Key Features:
Smart Contracts: Allow the creation of automated and tamper-proof software, such as financial agreements or applications without intermediaries.
Decentralized Applications (dApps): Support the building of applications such as decentralized finance (DeFi), games, and non-fungible tokens (NFTs).
Operating Mechanism: Transitioned in 2022 from a "Proof of Work" system to a "Proof of Stake" system to save energy and increase efficiency, making it more environmentally sustainable.
Uses: ETH is used to pay transaction fees (Gas Fees) within the network, as well as for trading, investing, or as a means of payment on some platforms.
General Statistics (up to 2025):
Market value estimated in the hundreds of billions of dollars.
Supports thousands of projects and is considered the foundation for Web 3.0 (the decentralized internet).
Ethereum is subject to volatility
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