<h3><strong>What is Ethereum (ETH)?</strong></h3><p>Ethereum (ETH) is a decentralized blockchain platform that allows developers to build and deploy smart contracts and decentralized applications (dApps). Its native cryptocurrency, Ether (ETH), is used to pay for transactions and computational services on the network.</p><h3><strong>How does Ethereum work?</strong></h3><ul><li><strong>Blockchain Technology:</strong> Ethereum records transactions and smart contract executions on its blockchain, securing and adding them in chronological order.</li><li><strong>Consensus Mechanism:</strong> Ethereum transitioned to Proof of Stake (PoS) in 2022, where validators stake ETH to confirm transactions, replacing the earlier Proof of Work (PoW) model.</li><li><strong>Ethereum Virtual Machine (EVM):</strong> A runtime environment that executes smart contracts across all nodes in the network.</li><li><strong>Smart Contracts:</strong> Self-executing contracts that enable trustless and automated transactions.</li></ul><h3><strong>What are the potential use cases for Ethereum?</strong></h3><ul><li><strong>Decentralized Finance (DeFi):</strong> Enables lending platforms, exchanges, and stablecoins.</li><li><strong>Non-Fungible Tokens (NFTs):</strong> Supports the creation and trade of digital art, collectibles, and gaming assets.</li><li><strong>Supply Chain Management:</strong> Improves transparency and traceability in logistics and operations.</li></ul><h3><strong>What is the history of Ethereum?</strong></h3><ul><li><strong>2015:</strong> Raised $18 million during its initial coin offering (ICO) and launched the Ethereum network.</li><li><strong>2016:</strong> The DAO hack resulted in a hard fork, splitting Ethereum into Ethereum (ETH) and Ethereum Classic (ETC).</li><li><strong>2021:</strong> Ethereum achieved an all-time high price of over $4,800.</li><li><strong>2022:</strong> Transitioned to Proof of Stake (PoS) with the successful completion of "The Merge," enhancing scalability and energy efficiency.</li></ul>

Ethereum

Top 10 Bundle

The Dominant Duo

Legend Bundle

Cardano

Avalanche

Polkadot

Hedera

Near Protocol

APTOS

Internet Computer

Polygon

Cronos

Ethereum Classic

Bittensor

Arbitrum

Stacks

Kaspa

Mantle

ATOM

Fantom

Celestia

Ethereum (ETH)

Similar Coins

ADA

AVAX

DOT

SUI

HBAR

NEAR

APT

ICP

POL

CRO

ETC

TAO

ARB

STX

KAS

MNT

ATOM

FTM

TIA

Resources

Ethereum (ETH) Price Index

Ethereum Price

Trading volume

Market cap

Resources