$ETH #BinanceEth ,Ethereum (ETH) is a decentralized, open-source blockchain that enables developers to build decentralized applications (dApps) and smart contracts. The cryptocurrency Ether (ETH) is the native currency of the Ethereum network, functioning as "gas" to power operations and transactions. While similar to Bitcoin in that it can be traded and stored, Ethereum offers a broader range of use cases, particularly in decentralized finance (DeFi), non-fungible tokens (NFTs), and smart contracts.
Ether is used not only as a store of value but also for paying transaction fees and for compensating validators who secure the network. Unlike Bitcoin's fixed supply, Ether has a flexible monetary policy, with a daily issuance of new coins to compensate miners and validators. In Ethereum's transition to Ethereum 2.0, the network shifted to a more energy-efficient **Proof of Stake (PoS) consensus model, further improving scalability and security.
Ethereum is the second-largest cryptocurrency by market capitalization, widely used for investment, transaction, and powering the vast DeFi ecosystem.