Bitcoin
Bitcoin
BTC
$103,720.00
1d: +0.69%
7d: +8.07%
$103,720.00
+0.69%
Ethereum
Ethereum
ETH
$2,410.81
1d: +2.77%
7d: +32.09%
$2,410.81
+2.77%
Polkadot
Polkadot
DOT
$5.05
1d: +7.72%
7d: +23.44%
$5.05
+7.72%
Solana
Solana
SOL
$171.32
1d: -0.64%
7d: +16.30%
$171.32
-0.64%
XRP
XRP
XRP
$2.40
1d: +0.62%
7d: +9.63%
$2.40
+0.62%
Shiba Inu
Shiba Inu
SHIB
$0.00001580
1d: +3.39%
7d: +19.31%
$0.00001580
+3.39%

Ethereum

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Table of contents
    1. 0.2. How Ethereum Works
    2. 0.4. Key Features of Ethereum
    3. 0.6. Ethereum's Ecosystem and Use Cases
    4. 0.8. Why Ethereum Matters

Ethereum is a decentralized, open-source blockchain platform that enables the creation and execution of smart contracts and decentralized applications (dApps). Launched in 2015 by Vitalik Buterin and others, it is widely known for its ability to support programmable blockchain functionality, allowing developers to build applications that run without intermediaries.

How Ethereum Works

Ethereum operates on a blockchain, a distributed ledger that records all transactions across the network. Its native cryptocurrency, Ether (ETH), is used to power applications, pay transaction fees, and incentivize miners or validators in Ethereum’s Proof of Stake (PoS) system. Ethereum’s flexibility allows for the execution of smart contracts—self-executing contracts with predefined rules coded into them.

Key Features of Ethereum

  • Smart Contracts: Code that automatically executes actions when certain conditions are met, without needing intermediaries.
  • Decentralized Applications (dApps): Apps that run on the Ethereum blockchain, offering greater transparency and security.
  • Ethereum 2.0: The upcoming upgrade to Ethereum’s network, transitioning it from Proof of Work (PoW) to Proof of Stake (PoS) to improve scalability, security, and energy efficiency.

Ethereum’s Ecosystem and Use Cases

Ethereum has become the foundation for numerous decentralized finance (DeFi) projects, non-fungible tokens (NFTs), and other blockchain-based innovations. Its ecosystem supports a wide variety of use cases, ranging from decentralized finance and governance to gaming and digital art.

Why Ethereum Matters

Ethereum is the most widely used blockchain platform, offering a versatile and secure environment for decentralized applications and smart contracts. Its ongoing development ensures it remains a leading blockchain network for innovation and adoption.