Ethereum
Ethereum is the leading smart contract platform that powers a vast ecosystem of decentralized applications (dApps), NFTs, and DeFi protocols. It transitioned to Proof of Stake in 2022, reducing its energy use by over 99%. ETH is used for gas fees, staking, and as collateral in many DeFi platforms. Ethereum remains the most influential blockchain for programmable money and innovation.
| Ethereum | |
|---|---|
| Available on Coinbase (2024)? | Yes |
| Creator(s) | Vitalik Buterin, Gavin Wood, and others |
| Start year | 2015 |
| Decentralized score (out of 5) | 4/5: Decentralized with Influences |
| Influences or central authority | core developers and Ethereum Foundation. |
| Can be mined? | No |
| New issuance method | Proof of Stake (PoS) |
| Maximum supply (in millions) | None; no fixed maximum |
| Percentage already issued (2024) | Not applicable |
| Key functions (other than transactions) | smart contracts, apps, asset tokenization |
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