Ethereum ($ETH ) is a decentralized, open-source blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Launched in 2015 by Vitalik Buterin and others, Ethereum introduced the concept of programmable blockchain, moving beyond Bitcoin's primary use as a store of value. Smart contracts on Ethereum execute automatically when certain conditions are met, reducing the need for intermediaries.
Ethereum uses Ether (ETH) as its native cryptocurrency, which is used to pay for transaction fees and computational services on the network. Over the years, Ethereum has undergone several upgrades to improve scalability, security, and energy efficiency. The transition to Ethereum 2.0, powered by a Proof-of-Stake (PoS) consensus
mechanism, marked a significant shift from the energy-intensive Proof-of-Work (PoW), improving network sustainability.
Ethereum’s widespread adoption across industries, including finance, gaming, and supply chain management, has solidified its position as one of the leading blockchain platforms globally.