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ETH Ethereum

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

  • Full Name: Ethereum (ETH)

  • Launch Year: July 2015

  • Creator: Vitalik Buterin and a team of blockchain developers

  • Blockchain: Independent Ethereum blockchain

  • Key Features:

    • Supports smart contracts for automated agreements

    • Platform for decentralized applications (dApps)

    • Consensus mechanism: initially Proof of Work, transitioned to Proof of Stake in 2022

    • Unlimited supply (unlike Bitcoin’s capped 21 million)

  • Use Cases:

    • Running smart contracts and blockchain projects

    • Creating new tokens (ERC-20, ERC-721, etc.)

    • Foundation for DeFi (Decentralized Finance) and NFTs

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