#MarketRebound
Ethereum (ETH) is a decentralized blockchain platform with smart contract functionality. It enables developers to build and deploy decentralized applications (DApps) and has its native cryptocurrency, Ether (ETH). Ethereum operates on a proof-of-stake (PoS) consensus mechanism since the Ethereum 2.0 upgrade (also known as "The Merge") in 2022.
Key Features:
1. Smart Contracts: Self-executing contracts with terms directly written into code.
2. DApps: Decentralized applications built using Ethereum's infrastructure.
3. DeFi: A hub for decentralized finance applications like lending, borrowing, and trading.
4. NFTs: A leading platform for minting and trading non-fungible tokens.
Use Cases:
Peer-to-peer payments.
Token issuance and fundraising (e.g., Initial Coin Offerings or ICOs).
Decentralized finance and governance systems.
Supply chain management, identity systems, and more.
How to Acquire ETH:
Exchanges: Purchase ETH on cryptocurrency exchanges like Binance, Coinbase, or Kraken.
Staking Rewards: Earn ETH by staking it on the Ethereum network.
Payments: Accept ETH as payment for goods or services.