Ethereum currency in brief
Ethereum is an open-source blockchain platform that enables developers to build decentralized applications (dApps) and run smart contracts. Launched in 2015 by Vitalik Buterin and others, it is the second-largest cryptocurrency after Bitcoin. Ethereum’s digital currency is known as ether (ETH) and is used to power transactions within the network and pay transaction fees. It is fast and scalable, making it essential for decentralized finance (DeFi) and non-fungible tokens (NFT) projects.