What is Ethereum ( ETH )

Ethereum (ETH) is a decentralized global software platform powered by blockchain technology, known for its native cryptocurrency, ether (ETH). It allows users to create secured digital technologies and supports smart contracts, which are essential for decentralized applications.

Ethereum transitioned from proof of work to proof of stake in September 2022, significantly reducing its energy consumption.

Ether (ETH) is the cryptocurrency generated as a reward for validators in the proof-of-stake system and is fundamental to the operation of the network, used for transaction fees and as a means of payment.

Ethereum is a platform that enables the creation of decentralized applications, facilitates decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications, making it a key player in the blockchain space.

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