Ethereum has become a revolutionary blockchain platform, transforming the world of decentralized computing and introducing innovations such as smart contracts and decentralized applications.
The Origins of Ethereum
The emergence of Ethereum began with the vision of Vitalik Buterin, a young programmer who proposed a platform for executing smart contracts and hosting decentralized applications. Following a successful crowdfunding campaign in 2014 and the official launch in 2015, Ethereum became the second-largest cryptocurrency after Bitcoin.
How Ethereum Works
Ethereum functions as a decentralized platform that allows the creation and deployment of smart contracts and decentralized applications. At its core lies the Ethereum Virtual Machine (EVM), which processes requests and maintains network integrity.
The Transition to Proof-of-Stake
A key event in Ethereum's history was the successful completion of 'The Merge' in 2022. Transitioning from Proof-of-Work to Proof-of-Stake significantly reduced the network's energy consumption, improving sustainability and economic incentives for participants.
Ethereum continues to lead in blockchain technology, driving the development of smart contracts and decentralized applications. With the transition to Proof-of-Stake and upcoming upgrades, the platform remains at the forefront of digital economy innovation.
