Ethereum

Ethereum enables the creation and execution of smart contracts—self-executing contracts with the terms directly written into code. This allows for trustless transactions and agreements that do not require intermediaries, reducing costs and increasing efficiency.

Ethereum serves as a platform for building decentralized applications (dApps), which run on its blockchain network. These dApps offer a wide range of functionalities, from decentralized finance (DeFi) and gaming to supply chain management and social networking, all without the risk of censorship or downtime.

Ethereum has a large and active developer community constantly working on improving the network, creating new tools, and developing innovative solutions. This strong ecosystem promotes rapid advancements and adoption of Ethereum-based applications.

With the transition to Ethereum 2.0 and the shift from Proof of Work (PoW) to Proof of Stake (PoS), Ethereum aims to address scalability, security, and energy efficiency issues. This upgrade is expected to significantly increase the network's transaction speed and lower fees, making it more accessible and sustainable.