What is Ethereum?

1
What is Ethereum Guide

• ETHER is second largest cryptocurrency (by market
  capitalisation) and the native token of the
  ETHEREUM platform - a decentralised, open-source
  blockchain with smart contract functionality.

2
Why Ethereum is Important

• Ethereum uses blockchain technology to not only
  maintaining a decentralised payment network and
  associated coin but also for storing and
  verifying code used to power contracts and
  applications.

3

• This year (2022), Ethereum is moving from the
  Proof of Work (PoW) to a Proof-of-Stake protocol
  as part of its upgrade. PoW is what is known as
  mining crypto networks use a high amount of
  computational power to run the algorithms that
  verify transactions. In Proof of Stake, each node
  on the network stakes their Ethereum to validate
  transactions and create new blocks on the
  network. 

4
Ethereum Platform
The platform is building a huge digital economy
and its potential is wide ranging. Many other
tokens use the network for their processes, and
applications hosted on the programmable
blockchain include as DeFi, dApps
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