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What is Ethereum (ETH)?

Ethereum is a decentralized, open-source blockchain that allows developers to build and deploy smart contracts and decentralized applications (dApps). It was launched in 2015 by Vitalik Buterin and others.

Unlike Bitcoin, which is mainly used as digital money, Ethereum is a platform where developers can build apps without relying on a central authority.


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Key Features:

Smart Contracts: Self-executing code that runs when conditions are met.

Ether (ETH): The native cryptocurrency of the Ethereum network, used to pay for transactions and computational services.

DeFi & NFTs: Ethereum is the foundation for most decentralized finance (DeFi) platforms and non-fungible tokens (NFTs).

Ethereum 2.0: An upgrade from Proof-of-Work to Proof-of-Stake (PoS) to improve scalability, security, and energy efficiency.



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Use Cases:

Decentralized Finance (DeFi)

Gaming and Metaverse apps

Non-Fungible Tokens (NFTs)

DAOs (Decentralized Autonomous Organizations)



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Popular Ethereum-Based Projects:

Uniswap

OpenSea

Aave

Compound

Chainlink



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