Ethereum

Ethereum

Ethereum is a decentralized blockchain with smart contract functionality. Ether (abbreviation: ETH) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-source software.

Ethereum

On 15 September 2022, Ethereum transitioned its consensus mechanism) from proof-of-work (PoW) to proof-of-stake (PoS) in an update known as "The Merge", which cut the blockchain's energy usage by over 99%.

Founding (2013–2014)

!Ethereum co-founder [Vitalik Buterin in 2015](//upload.wikimedia.org/wikipedia/commons/thumb/1/1c/VitalikButerinTechCrunchLondon2015%28cropped%29.jpg/330px-VitalikButerinTechCrunchLondon2015%28cropped%29.jpg)

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