$ETH Ethereum (ETH) is a decentralized blockchain platform known for its smart contract functionality, enabling the creation of decentralized applications (DApps). It operates on a proof-of-stake (PoS) consensus mechanism, enhancing its scalability and reducing its energy consumption. ETH, the network's native cryptocurrency, is widely used for transactions, staking, and as a medium of exchange within the decentralized finance (DeFi) ecosystem.

Ethereum's development focuses on expanding its Layer 2 solutions, which improve transaction speeds and reduce fees. The network's applications span from NFTs to institutional finance, reflecting its versatility in driving Web3 adoption.