Ethereum

A decentralized blockchain platform that enables smart contracts and decentralized applications (dApps). Created by Vitalik Buterin, Ethereum expanded blockchain technology beyond simple payments to programmable money and applications. It hosts the majority of DeFi protocols, NFT marketplaces, and Web3 applications. Ethereum transitioned from Proof of Work to Proof of Stake in 2022, significantly reducing energy consumption while maintaining security and decentralization.

Categories: blockchain technology