Ethereum $ETH Powering the Decentralized Web$ETH

Ethereum is far more than just a digital currency; it's a revolutionary global computing platform built on blockchain technology. Launched in 2015, its core innovation lies in smart contracts – self-executing agreements whose terms are directly written into code.

Think of Ethereum as a "world computer" that allows developers to create and deploy decentralized applications (dApps). These applications run on a vast network of computers, making them transparent, resistant to censorship, and free from central control. This unique capability has given birth to entire new industries like Decentralized Finance (DeFi), which offers financial services without traditional banks, and Non-Fungible Tokens (NFTs), unique digital assets representing ownership of art, music, and more.

The network is powered by its native cryptocurrency, Ether (ETH), which acts as "gas" to fuel transactions and smart contract executions. In 2022, Ethereum underwent a significant upgrade, transitioning from Proof-of-Work to Proof-of-Stake, drastically reducing its energy consumption and making it a more sustainable blockchain.

Currently, in August 2025, Ethereum continues to be a hotbed of innovation. While it faces ongoing challenges with scalability and transaction fees, Layer-2 solutions are actively addressing these concerns. With growing institutional interest and a vibrant developer community, Ethereum remains at the forefront of building a decentralized future.