Ethereum (ETH) is the second-largest cryptocurrency, launched in 2015 on its own blockchain, designed to run smart contracts and decentralized applications (dApps).
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Currency Ethereum
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Full Name: Ethereum (ETH)
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Launch Year: July 2015
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Creator: Vitalik Buterin and a team of blockchain developers
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Blockchain: Independent Ethereum blockchain
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Key Features:
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Supports smart contracts for automated agreements
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Platform for decentralized applications (dApps)
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Consensus mechanism: initially Proof of Work, transitioned to Proof of Stake in 2022
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Unlimited supply (unlike Bitcoin’s capped 21 million)
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Use Cases:
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Running smart contracts and blockchain projects
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Creating new tokens (ERC-20, ERC-721, etc.)
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Foundation for DeFi (Decentralized Finance) and NFTs
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