Ethereum (ETH)

Ethereum News

Latest news, breaking stories about Ethereum price, trends, forecasts, history and vital information.

What is Ethereum?

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

Vitalik Buterin, a programmer, created Ethereum in 2013. The network became live on July 30, 2015, after development work began in 2014 and was crowdfunded. Anyone may utilize the platform to create permanent and irreversible decentralized applications with which users can engage.

Decentralized finance (DeFi) apps 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, may 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.