- Launched: 2015
- Creator: Vitalik Buterin and others
- Purpose: Ethereum is a decentralized platform designed for creating smart contracts and decentralized applications (DApps). Unlike Bitcoin, which primarily focuses on peer-to-peer transactions, Ethereum enables more complex functionalities beyond currency.
- Features:
- Smart Contracts: Self-executing contracts where the terms are written into the code.
- Ether (ETH): The native cryptocurrency of the Ethereum network.
- Proof of Stake (PoS): Transitioned from Proof of Work (PoW) to Proof of Stake to improve scalability and reduce energy consumption (Ethereum 2.0).
- Use Cases: Decentralized finance (DeFi), NFTs, DApps, tokenization, and more.
- Status: The second-largest cryptocurrency by market cap and a foundation for many blockchain innovations.
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