Ethereum (ETH)
Ethereum (ETH) is a decentralized, open-source blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Launched in 2015 by Vitalik Buterin and a team of co-founders, Ethereum introduced the concept of programmable blockchain, allowing users to create custom code executed on the network. Unlike Bitcoin, which primarily serves as digital money, Ethereum is a versatile platform for a wide range of use cases, including DeFi (decentralized finance), NFTs (non-fungible tokens), and gaming. Its native cryptocurrency, Ether (ETH), powers the network by facilitating transactions and serving as a reward for validators in its proof-of-stake consensus mechanism. With ongoing upgrades like Ethereum 2.0, the platform aims to enhance scalability, security, and energy efficiency, solidifying its position as a leading force in the blockchain ecosystem.
