Posts with the TAG eth

ETH, short for Ethereum, is a decentralized, open-source blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (DApps). Launched in 2015 by Vitalik Buterin and a group of developers, Ethereum has quickly become one of the most widely used blockchain platforms, second only to Bitcoin in terms of market capitalization and popularity. Ethereum's distinguishing feature is its ability to support smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. These smart contracts enable a wide range of applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), decentralized exchanges (DEXs), and more. The native cryptocurrency of the Ethereum platform is Ether (ETH), which serves as both a digital currency and a means of paying for transaction fees and computational services on the network. Ether is traded on cryptocurrency exchanges and is used by developers to incentivize network participants and secure the Ethereum blockchain through a process called mining or staking. Ethereum's flexibility, scalability, and robust developer community have made it a favored platform for blockchain innovation and experimentation. Its ability to support a wide range of applications and use cases has contributed to its widespread adoption and popularity among developers, businesses, and users alike. As the cryptocurrency and blockchain ecosystem continues to evolve, Ethereum remains at the forefront of innovation, driving the development of decentralized technologies and applications that have the potential to reshape industries and economies around the world.