Unlike Bitcoin, which primarily serves as a digital currency, Ethereum functions as a "distributed computer".
In 2022, Ethereum completed "The Merge," transitioning from energy-intensive mining (Proof-of-Work) to a staking mechanism. Validators now secure the network by locking up ETH rather than using specialized hardware. ethereum
Ethereum is a global, open-source software platform powered by blockchain technology. While it is widely known for its native cryptocurrency, , its primary value lies in its ability to support decentralized applications (dApps) through a feature known as smart contracts . Core Technology and Mechanism Unlike Bitcoin, which primarily serves as a digital
To execute operations or transfer assets, users must pay a transaction fee called "gas" in ETH. This fee compensates validators for the computational energy required to process the request. Ethereum is a global, open-source software platform powered
This is the runtime environment for smart contracts. Every node in the network executes code (typically written in Solidity) and stores the resulting state on the blockchain.