ETHUSD
Ethereum
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About ETHUSD
Layer 1 (Smart Contract Platform)
Jul 24, 2014
Ethereum, launched in 2015 by Vitalik Buterin and seven co-founders, is a blockchain platform revolutionizing decentralized applications (DApps) through its groundbreaking smart contract technology. Unlike Bitcoin, Ethereum serves as a programmable infrastructure, enabling developers to build self-executing code for DeFi protocols, NFT marketplaces, and Web3 services. Its native cryptocurrency, Ether (ETH), powers transactions and network security. With Ethereum 2.0’s shift to proof-of-stake, the network aims to enhance scalability and energy efficiency while maintaining decentralization. Despite challenges like high gas fees, Ethereum remains the backbone of the crypto ecosystem, driving innovation in decentralized finance and digital ownership. As the largest altcoin by market cap, it exemplifies blockchain’s potential beyond digital currency, fostering a global developer community and reshaping industries through decentralized innovation.
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