Ethereum(ETH)

Ethereum (ETH) is a decentralized blockchain platform introduced in 2015. Unlike Bitcoin, Ethereum is not solely a cryptocurrency; it serves as a versatile platform for developers to create decentralized applications (dApps) and smart contracts. The native cryptocurrency of Ethereum is called Ether (ETH), which is used to facilitate transactions and execute smart contracts on the network. One distinguishing feature of Ethereum is its Turing complete programming language, enabling developers to build complex and diverse applications. This flexibility has led to the rise of decentralized finance (DeFi) projects, non-fungible tokens (NFTs), and various other innovations within the Ethereum ecosystem. Ether can be obtained through mining, though Ethereum is transitioning to a proof-of-stake consensus mechanism with Ethereum 2.0. This upgrade aims to enhance scalability and energy efficiency. Ethereum has played a pivotal role in shaping the blockchain landscape, fostering a vibrant community of developers and contributors. Continuous efforts are made to improve the platform, with Ethereum 2.0 being a major initiative to address scalability challenges and other issues.