Ethereum is a blockchain platform that has an important place in the cryptocurrency world. Developed by Vitalik Buterin in 2015, Ethereum is not only a digital currency, unlike Bitcoin, but also a platform that allows the development of smart contracts and decentralized applications (dApps).
Ethereum's native cryptocurrency, Ether (ETH), is used to enable transactions and smart contract execution on the platform. Ethereum, unlike other blockchain platforms, is a Turing-complete platform, meaning that any computational operation can be performed.
One of the most important features of Ethereum is smart contracts. Smart contracts are contracts written in a programming language and run automatically. In this way, transactions can be carried out between two parties in a reliable and decentralized manner.
Ethereum is also a platform that allows the development of decentralized applications (dApps). These applications can operate without the need for any central authority and provide direct interaction between users.
As a result, Ethereum plays an important role in the development of blockchain technology and holds an important place in the cryptocurrency world. This platform, which allows the development of smart contracts and decentralized applications, will become even more important in the future.
Updates that Ethereum performs regularly are called "Ethereum upgrades". These upgrades are carried out to increase the performance of the platform, ensure security, improve user experience and add new features.
One of Ethereum's most significant upgrades is known as "Ethereum 2.0". This upgrade enables the platform to transition from the PoW (Proof of Work) consensus mechanism to the PoS (Proof of Stake) consensus mechanism. PoS is a more energy efficient and environmentally friendly consensus mechanism and also aims to increase the scalability of the network.
Other upgrades include major updates such as the "London Hard Fork" and the "Berlin Hard Fork". These updates are usually carried out with goals such as lowering the network's transaction fees, improving the security of the network, and adding new features in smart contracts. Ethereum's upgrades play an important role in making the platform more reliable, fast, and scalable. It continues to continuously improve the Ethereum ecosystem by enabling users and developers to use the platform more efficiently. Therefore, Ethereum upgrades occupy an important place in the cryptocurrency world. #dencun This name is a combination of "Deneb", the brightest star in the Cygnus constellation, and Mexico's famous beach resort "Cancun". By combining these two words together to create the name Dencun, Ethereum developers intended to represent the progress and fun that the upgrade aims to bring.
