$ETH Ethereum is the leading decentralized blockchain platform for smart contracts and decentralized applications (dApps). Its native cryptocurrency, ETH, serves as both a digital currency and the "fuel" for operating the network (gas fees). Ethereum's key innovation was introducing programmability to blockchain, enabling developers to build complex financial tools, NFTs, and entire digital organizations. The network completed its transition from Proof-of-Work to Proof-of-Stake ("The Merge") in 2022, drastically reducing its energy consumption. Current focus areas include scaling through Layer-2 rollups and continued protocol upgrades to improve throughput and reduce costs. As the foundational infrastructure for much of Web3, Ethereum maintains significant first-mover advantage and developer loyalty, though it faces challenges from competing blockchains on speed and transaction costs.
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