What is Ethereum (ETH)? | Ethereum Explained in Under 60 Seconds #Shorts

Ethereum (ETH) is a decentralized, open-source, permissionless blockchain. The most used blockchain for DeFi, NFTs and other cryptocurrency projects. The native cryptocurrency Ether (ETH) powers the Ethereum blockchain. Used as a store of value, mining rewards & transaction (gas) fees. Currently the largest cryptocurrency besides Bitcoin.

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Ethereum was developed in 2013 by the programmer Vitalik Buterin with a goal to build a platform for decentralized applications, and attach real-world assets to the blockchain..

Decentralized Finance (DeFi) - As the most used blockchain for decentralized finance (DeFi), Ethereum is the top choice to launch new DeFi platforms, ERC-20 tokens and for the creation of NFTs.

The Ethereum Virtual Machine (EVM) is the runtime environment for smart contracts, which can execute scripts and run decentralized applications. Allows Ethereum contracts to perform like computer programs.

Ethereum 2.0 (Eth2) is a set of interconnected upgrades to make Ethereum more scalable, secure and sustainable. The upgrades are designed to increase transaction throughput and solve the problem of high gas fees.

WEBSITE: https://ethereum.org/

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