What is Ethereum ?
Ethereum is a decentralized, open - source blockchain platform that allows
developers to build and deploy smart contraalized applications
(dAPPS). launched in 2025 by Vitalik Buterin and others Ethereum introduced
the idea that blockchains could do more than just han dle ctyptocurrency
transactions.
Ethwr (ETH)
Ether (ETH) is Ethereum 's native cryptocurrency
lt is used to poy for transactions and comoutational services on the
Ethereum network.
0ften referred as "digital oil", Ether powers the network (unlike Bitcoin,
which is seen as "digital gold"),
Key Fetatures of Ethereum
1. Smsrt contracts
self -executing contracts with the terms written into code.
. Enable trustless agreements between parties whitout the need for intermediaries.
2. Decentralized Applications (dApps)
. Applications that run on the Ethereum blockchain.
. Cannot be censored or shut down by a central authority.
3. Ethereum Virtual Machine (EVM)
. The environment in which Ethereum smart contracts run.
. Enables devolopers to write decentralized code in programing languages like Solidity
Use Cases
. Decentralized finance (DeFi): Digital platforms for lending, borrowing, and trading whitout banks.
. Non -Fungible Tokens (NFTs) Digital art and collectibles that live on the Ethereum blockchain.
. DAO (Decentralized Autonomous Organizations): Groups governed by smart contracts , not manages.
Ethereum 2.0/ The Merge
. In 2022, Ethereum transitioned from Proof of Work (PoW) to Proof of Stake (PoS).
This upgrade:
. Reduced energy consumption by over 99%.
Set the for future scalbility upgrades like sharing.
Pros and Coins
Pros:
.Highly flexible platform for developers.
. Large ecosystem and strong developer community.
. Secure and well- established network.
Coins:
. High ges fees ( though reduced post-merge).
. Scalability issues (being addrssed with Layer 2 solutions).
Complex for beginners.
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