E$ETH Ethereum allows developers to build applications directly on its blockchain. These include decentralized finance (DeFi), digital collectibles, blockchain games, and other Web3 applications.
The network's native cryptocurrency is Ether (ETH). ETH is used to pay transaction fees, interact with applications, and participate in Ethereum's proof-of-stake network.
Ethereum moved from energy-intensive mining to Proof of Stake in September 2022 through an upgrade known as The Merge. Ethereum.org says the transition reduced the network's energy consumption by approximately 99.95%