<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>

### What is Ethereum?
Ethereum is a decentralised blockchain platform enabling the use of smart contracts and decentralised applications (dApps). It establishes a peer-to-peer network that securely executes and verifies application code, called smart contracts, allowing participants to transact with each other without a trusted central authority.

### How does Ethereum work?
Ethereum operates through a global network of computers called nodes, forming a supercomputer known as the Ethereum Virtual Machine (EVM). The EVM executes smart contracts and records all transactions on a decentralised ledger. Users pay gas fees to execute transactions and smart contracts, incentivising network participants to maintain and secure the blockchain.

### What are the potential use cases for Ethereum?
Ethereum can be used in various industries through applications such as decentralised finance (DeFi), non-fungible tokens (NFTs), supply chain management, gaming, healthcare data management, energy tracking, real estate transactions, identity systems, and cross-border payments.

### What is the history of Ethereum?
Ethereum was conceived by Vitalik Buterin in 2013 and officially launched on July 30, 2015. Major milestones include the transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) with "The Merge" in 2022, numerous protocol updates, and its growing adoption across industries. It has established itself as a cornerstone in the blockchain ecosystem, driving innovations in DeFi, NFTs, and more.

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