Ethereum

Ethereum is a decentralised, open-source blockchain that allows users to create smart contracts. The platform’s native cryptocurrency is Ether (ETH). Ether is the second most valuable cryptocurrency after Bitcoin in terms of market capitalisation. [

Vitalik Buterin, a programmer, created Ethereum in 2013.

Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin were also among the Ethereum founders.

The network became live on July 30, 2015, after development work began in 2014 and was crowdfunded. Anyone can use the platform to develop permanent and immutable decentralised applications that users can interact with.

Decentralized finance (DeFi) applications allow cryptocurrency users to borrow against their holdings or lend them out for interest without the need for traditional financial intermediaries like brokerages, exchanges, or banks. NFTs, which are non-interchangeable tokens linked to digital works of art or other real-world goods and sold as unique digital property, can also be created and exchanged on Ethereum. In addition, numerous additional cryptocurrencies run on the Ethereum blockchain as ERC-20 tokens and have used the platform for initial coin offerings.

Ethereum has begun rolling out a set of enhancements known as Ethereum 2.0, which includes a move to proof of stake and the use of sharding to boost transaction throughput.

Learn more here (Wikipedia)

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