Facts about
#ETH šĀ Ethereum was launched in 2015Ā by Vitalik Buterin and a team of developers.
š§ Ethereum introducedĀ smart contracts, which run automatically without intermediaries.
š It is the foundation forĀ DeFi, NFTs, and Web3 applications.
š Ethereum has its own blockchain, separate from Bitcoinās.
āļø Ethereum upgraded toĀ Proof of Stake (PoS), reducing energy use by over 99%.
š» Developers use Ethereum to buildĀ dApps (decentralized applications).
š„ Ethereum uses aĀ fee-burning mechanism, which can reduce ETH supply.
š° ETH is used to payĀ gas feesĀ for transactions and smart contracts.
š Ethereum hostsĀ thousands of tokens, including USDT, USDC, and many NFTs.
š Ethereum is often called theĀ backbone of the crypto ecosystem.
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