#ETH🔥🔥🔥🔥🔥🔥
Ethereum (ETH) is a decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (DApps). Launched in 2015 by Vitalik Buterin, Ethereum operates on a Proof of Stake (PoS) mechanism after transitioning from Proof of Work (PoW) in September 2022. Its native cryptocurrency, Ether (ETH), is used to pay transaction fees and power the network.
Ethereum is the second-largest cryptocurrency by market capitalization, trailing only Bitcoin. As of December 2024, ETH’s price fluctuates based on demand, network activity, and macroeconomic factors. The platform hosts numerous decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and enterprise blockchain solutions, making it a cornerstone of the blockchain ecosystem.
Ethereum’s adaptability and strong developer community make it a leader in blockchain innovation, although scalability and competition from alternative blockchains pose ongoing challenges.