Ethereum (ETH): The World’s Programmable Blockchain
Ethereum is more than just a digital currency; it is a decentralized, open-source global software platform powered by blockchain technology. While Bitcoin was designed as "digital gold," Ethereum was built to be a "world computer" that allows developers to create decentralized applications (dApps) and smart contracts without the need for intermediaries.
Key Concepts
Ether (ETH): The native cryptocurrency of the Ethereum network. It is used to pay for transaction fees (known as gas) and to reward validators who secure the network.
Smart Contracts: Self-executing programs stored on the blockchain that automatically run when predefined conditions are met.
Proof of Stake (PoS): In 2022, Ethereum transitioned from mining to staking via "The Merge." This shift reduced the network's energy consumption by over 99%.
Layer 2 Solutions: Networks like Arbitrum and Optimism that sit on top of Ethereum to make transactions faster and cheaper while still using Ethereum's security.#ETHTrendAnalysis $ETH
