Ethereum is a prominent crypto coin that introduced the concept of smart contracts, enabling the development of decentralized applications (DApps). Ether (ETH) is the native cryptocurrency of the Ethereum network and serves as a means of value exchange within the ecosystem. It is used for transaction fees, participating in governance, and as a store of value. Ethereum introduced the concept of smart contracts, which are self-executing contracts with predefined rules and conditions. Smart contracts allow for the creation of decentralized applications, opening up possibilities for various use cases such as decentralized finance (DeFi), decentralized exchanges (DEXs), and non-fungible tokens (NFTs). Ethereum's blockchain is Turing-complete, meaning it can perform complex computations and execute arbitrary code, making it a versatile platform for developers to create innovative dApps and programmable digital assets. Ethereum has a large and active developer community, with ongoing improvements and upgrades. The upcoming Ethereum 2.0 upgrade aims to address scalability issues by transitioning from a Proof of Work (PoW) consensus mechanism to a Proof of Stake (PoS) consensus, which is expected to increase transaction throughput and energy efficiency. Ethereum has played a crucial role in the growth of the decentralized ecosystem and has gained significant recognition and adoption in the crypto space. |