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C

Uploaded by

babulalshaik049
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© © All Rights Reserved
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Ethereum (ETH)

Ethereum is the largest and most widely-used decentralized smart contract platform in the
world. It was founded in 2014 by Vitalik Buterin and has since become a leading player in the
blockchain and cryptocurrency space.

Key Features:

1. Smart Contracts: Ethereum's core feature is its ability to execute smart contracts, which are
self-executing contracts with the terms of the agreement written directly into lines of code.
2. Decentralized Applications (dApps): Ethereum's platform enables the creation of
decentralized applications (dApps) that can run on the blockchain, allowing for decentralized
finance (DeFi), gaming, and social media applications.
3. Ether (ETH): Ether is the native cryptocurrency of the Ethereum network, used to pay for
transaction fees, computational services, and as a form of payment.
4. Consensus Algorithm: Ethereum currently uses the Proof of Work (PoW) consensus
algorithm, but is planning to transition to Proof of Stake (PoS) with the upcoming Ethereum 2.0
upgrade.

Use Cases:

1. DeFi (Decentralized Finance): Ethereum's platform enables the creation of decentralized


lending, borrowing, and trading applications.
2. Non-Fungible Tokens (NFTs): Ethereum's blockchain is widely used for creating and trading
NFTs, which are unique digital assets.
3. Gaming: Ethereum's platform enables the creation of decentralized gaming applications,
allowing for new business models and revenue streams.
4. Supply Chain Management: Ethereum's blockchain can be used to create transparent and
tamper-proof supply chain management systems.

Ethereum 2.0:

Ethereum 2.0, also known as Serenity, is a major upgrade to the Ethereum network that aims to
improve scalability, security, and sustainability. The upgrade will transition Ethereum from a
Proof of Work (PoW) consensus algorithm to Proof of Stake (PoS), and introduce sharding,
which will allow for parallel processing of transactions

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