Understanding Ethereum: A Comprehensive Guide
Ethereum (ETH) is one of the most prominent cryptocurrencies and blockchain platforms, known for its versatility and innovation. Created by Vitalik Buterin and launched in 2015, Ethereum revolutionized the blockchain world by introducing smart contracts. These self-executing contracts allow developers to build decentralized applications (dApps) on the Ethereum network.
Unlike Bitcoin, which primarily focuses on peer-to-peer transactions, Ethereum serves as a global decentralized platform. It powers thousands of applications across industries like finance, gaming, and supply chain management.
ETH, Ethereum's native cryptocurrency, is used to pay for transactions and computational services on the network. With Ethereum 2.0's upgrade, the network transitioned to a Proof-of-Stake (PoS) consensus, enhancing scalability, security, and energy efficiency. Ethereum continues to shape the future of decentralized technology.
