$ETH #Ethereum is an open-source blockchain platform launched in 2015 by Vitalik Buterin. It is known for its native cryptocurrency ETH, the second-largest digital currency after Bitcoin. What sets Ethereum apart is its ability to run smart contracts—self-executing programs that operate without human intervention. These are used to build decentralized applications (DApps) in areas like finance, gaming, and supply chains.
In 2022, Ethereum transitioned to a Proof of Stake (PoS) system through the “Merge” upgrade, reducing its energy consumption by over 99%. ETH is used as gas to pay for transaction and computation fees on the network.
Ethereum is more than just a currency; it’s a complete ecosystem that empowers developers to build decentralized systems without relying on centralized authorities, making it a cornerstone of the Web 3.0 movement.
In 2022, Ethereum transitioned to a Proof of Stake (PoS) system through the “Merge” upgrade, reducing its energy consumption by over 99%. ETH is used as gas to pay for transaction and computation fees on the network.
Ethereum is more than just a currency; it’s a complete ecosystem that empowers developers to build decentralized systems without relying on centralized authorities, making it a cornerstone of the Web 3.0 movement.