Ethereum ($ETH ) is more than just a cryptocurrency—it's a decentralized platform that allows developers to build smart contracts and decentralized applications (DApps). While Bitcoin is primarily a store of value and medium of exchange, Ethereum is the foundation for a new decentralized internet. It’s revolutionizing sectors like DeFi (Decentralized Finance), NFTs (Non-Fungible Tokens), and Gaming.
Key Features:
Smart Contracts: These self-executing contracts automatically enforce the terms of an agreement without relying on a third party.
Decentralized Applications (DApps): Apps that run on the Ethereum blockchain, offering censorship-resistant features and more control to users.
Ethereum 2.0: Ethereum’s major upgrade focuses on transitioning from Proof of Work (PoW) to Proof of Stake (PoS), aiming for improved scalability and sustainability.
Ethereum’s flexibility and adaptability are why it’s often referred to as the “world computer,” powering the decentralized future.
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