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Masood Rana 111
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$ETH Ethereum (ETH) is a decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Created by Vitalik Buterin and launched in 2015, Ethereum introduced the concept of "smart contracts," which are self-executing contracts with the terms of the agreement directly written into code. **Ethereum's Native Currency: ETH** ETH is the native cryptocurrency of the Ethereum network. It is used for two primary purposes: 1. **Gas Fees:** ETH is used to pay for transaction fees (called "gas") on the Ethereum network, which are required to execute transactions or run smart contracts. Gas prices fluctuate depending on network congestion. 2. **Store of Value and Investment:** Like Bitcoin, ETH is also viewed as a store of value and a digital asset for investors. Over the years, Ethereum has become the second-largest cryptocurrency by market capitalization, after Bitcoin. **Ethereum's Unique Features** 1. **Smart Contracts and dApps:** Ethereum allows developers to create decentralized applications (dApps) that run on its blockchain, providing a trustless and transparent environment for everything from financial services to gaming and NFTs (Non-Fungible Tokens). 2. **Proof of Stake (PoS):** Ethereum transitioned from a Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS) with the Ethereum 2.0 upgrade. PoS is more energy-efficient and helps secure the network while reducing environmental impact. 3. **Decentralization and Security:** Ethereum’s decentralized nature ensures that no single entity controls the network. This makes it resistant to censorship and tampering. **Ethereum 2.0 and the Transition to PoS** The transition to Ethereum 2.0, completed in 2022 with "The Merge," shifted Ethereum from a PoW system (which required miners to validate transactions and create new blocks) to PoS. Under PoS, validators (users who stake ETH) are responsible for validating transactions and securing the network. This change aims to improve scalability,
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