The Blockchain Project that Defined Decentralized Finance.

Ethereum (ETH) Fact Sheet

• Ethereum is an open-source smart contract and decentralized application platform featuring it’s own cryptocurrency Ether (ETH).
• Ethereum’s primary purpose is to enhance and expand the technical capabilities of cryptocurrencies, introduced by Bitcoin (BTC) in 2009.
• Ethereum’s introductory paper was originally published in 2014 by Canadian programmer Vitalik Buterin titled “Ethereum - A Next-Generation Smart Contract and Decentralized Application Platform.”
• The driving cryptocurrency of the Ethereum network is Ether (ETH), and users pay network transaction fees in the form of "gas" fees, typically calculated in "Gwei."
• Since the Ethereum blockchain was launched on July 30, 2015, it has relied on the Proof-of-Work (PoW) consensus mechanism. However, the Ethereum team plans to migrate to the Proof-of-Stake (PoS) consensus model in late 2022.
• Ethereum (ETH) is the second-largest cryptocurrency and blockchain in global market capitalization, right behind Bitcoin (BTC).
• Through the utilization of the smart contract capabilities found within the Ethereum network, developers have created decentralized applications (dApps), which paved the way for decentralized finance (DeFi) and non-fungible tokens (NFTs), something competing projects would follow.

Ethereum Historical Data Price Chart in the U.S. Dollars (USD)

Ethereum Historical Data Price Chart in the U.S. Dollars (USD). Source: __[TradingView](https://www.tradingview.com/chart/?