Ethereum (ETH) - Overview
Asset Overview
Ethereum was created by Vitalik Buterin in 2015. The platform is built on decentralized principles, meaning it is not controlled by any single entity. Ethereum enables users to build and deploy software—commonly in the form of decentralized applications (DApps)—that are executed by a global distributed network of nodes running the Ethereum protocol. The network's decentralization increases resistance to censorship and downtime. Ethereum is an open-source blockchain platform whose native currency is Ether (ETH). ETH is used to pay for transaction fees and gas on the network. Anyone can create and run smart contracts on Ethereum—autonomous programs that execute without human intervention. This capability has fueled significant growth in applications like DApps and non-fungible tokens (NFTs). The Shanghai upgrade introduced technical improvements that included enabling users to access and withdraw previously staked ETH on the Beacon Chain. Before Shanghai, validators who staked ETH to participate in Ethereum's proof-of-stake (PoS) consensus had their tokens locked in a contract and could not freely withdraw them. After Shanghai, users can choose to unstake and regain control of their staked ETH.
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