Ethereum (ETH) is a decentralized blockchain platform with its own cryptocurrency ETH. It is designed to execute smart contracts—automated programs that run when specified conditions are met.
Key features of ETH:
Smart contracts: allow the creation of decentralized applications (dApps), including DeFi, NFT, and DAO.
Blockchain technology: the network is secure and decentralized, operating on a Proof-of-Stake protocol (since 2022 after the Ethereum Merge upgrade).
Usage: ETH is used as a means of payment for transactions on the network and as an investment asset.
Ethereum is the second most popular cryptocurrency after Bitcoin.
