What is Ethereum (ETH)?
Ethereum is the second-largest and most established cryptocurrency after Bitcoin. It builds on Bitcoin’s technology but introduced new concepts like smart contracts, staking, and a more flexible blockchain architecture.
Ethereum enabled the development of entirely new blockchain applications – including decentralized finance (DeFi), NFTs, and crypto gaming. It also allows the creation of new cryptocurrencies and tokens directly on the Ethereum network. Today, Ethereum powers thousands of projects and serves as a backbone of the crypto ecosystem.
The ETH token is used to pay for transactions, reward validators, and participate in staking and governance. Ethereum’s wide utility and strong market position make ETH one of the most important cryptocurrencies today.
