💰 What is Ethereum (ETH)?

Ethereum is a world-leading blockchain platform powering decentralized applications (DApps) and smart contracts 🌐💻. Its native cryptocurrency, Ether (ETH), fuels the network and is widely used for payments, staking, and creating other tokens 🔑.

✨ Key Highlights:

Founded by Vitalik Buterin & Joe Lubin (2015)

Native Token: $ETH 💰

Second-Largest Crypto: After Bitcoin 🥈

Consensus Mechanism: Proof-of-Stake (PoS) since 2022 🌱

Major Upgrade: Dencun (2024) introduced proto-danksharding for faster, cheaper transactions ⚡

Use Cases: Gaming, DAOs, NFTs, DeFi, and more 🎮🎨

📜 History & Milestones:

2016 DAO Hack: $50M stolen → community split → Ethereum Classic (ETC) formed

PoW → PoS (2022): Energy-efficient validation and staking protocol

Dencun Upgrade (2024): Scalable blockchain improvements via proto-danksharding

⚙️ How Ethereum Works:

Blockchain: Immutable ledger of all transactions 🔗

Validators: Stake ETH to verify blocks; dishonest validators face staked ETH burn 🔥

Wallets: Securely store private keys, essential for accessing ETH 🔑

💎 Why Ethereum?

Scalable & Efficient: High throughput smart contracts 📈

Low-Cost Transactions: Upgrades make ETH faster & cheaper ⚡

Secure & Decentralized: Blockchain ensures integrity 🔒

Interoperable & Programmable: Supports DApps, NFTs, and DAOs 💻

$ETH

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