Ethereum (ETH) is the native cryptocurrency of the Ethereum blockchain, a decentralized platform that enables smart contracts and decentralized applications (dApps). Launched in 2015 by Vitalik Buterin and others, Ethereum revolutionized blockchain technology by allowing programmable transactions without the need for intermediaries. ETH is used to pay for transaction fees (gas), interact with dApps, and as a store of value. Ethereum transitioned from Proof of Work to Proof of Stake in 2022 through “The Merge,” reducing energy consumption and improving scalability. It supports a vast ecosystem of decentralized finance (DeFi), NFTs, and Web3 innovations, making it a foundational crypto asset.
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Ethereum (ETH) is the native cryptocurrency of the Ethereum blockchain, a decentralized platform that enables smart contracts and decentralized applications (dApps). Launched in 2015 by Vitalik Buterin and others, Ethereum revolutionized blockchain technology by allowing programmable transactions without the need for intermediaries. ETH is used to pay for transaction fees (gas), interact with dApps, and as a store of value. Ethereum transitioned from Proof of Work to Proof of Stake in 2022 through “The Merge,” reducing energy consumption and improving scalability. It supports a vast ecosystem of decentralized finance (DeFi), NFTs, and Web3 innovations, making it a foundational crypto asset.