@cactys07
Key Features of Ethereum:
1. **Smart Contracts**: These are programs that automatically execute when certain conditions are met. They enable the creation of decentralized applications (dApps) that operate without the need for a central authority.
2. **Decentralization**: Ethereum is powered by a global network of nodes, ensuring that applications run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference.
3. **Ether (ETH)**: The native cryptocurrency of the Ethereum network, used to pay for transaction fees and computational services. It also acts as a store of value and can be traded on various exchanges.
4. **Ethereum 2.0**: An upgrade aiming to improve the scalability, security, and sustainability of the network. The transition to a Proof-of-Stake (PoS) consensus mechanism is a significant part of this upgrade, reducing the energy consumption required for mining.
0 reply
0 recast
0 reaction