#BinanceTurns8 Brief Explanation about Ethereum (Ethereum)

Ethereum is not just a digital currency; it is an open-source blockchain platform launched in 2015 by developer Vitalik Buterin. The main currency is called "Ether" (Ether, symbol 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 like decentralized finance (DeFi), games, and non-fungible tokens (NFTs).

Operating Mechanism: Transitioned in 2022 from a "Proof of Work" system to "Proof of Stake" 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 a foundation for Web 3.0 (the decentralized internet).

Ethereum is subject to volatility.