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NOK 0.007361
NOK 0.007361
Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (ETH) is the native cryptocurrency of the Ethereum platform. It serves as "digital oil" to power transactions on the Ethereum blockchain.
Ethereum was proposed in 2013 by Vitalik Buterin and launched in 2015. It is a programmable blockchain, meaning developers can build and deploy decentralized applications (dApps) and smart contracts on its network. This functionality distinguishes it from blockchains primarily designed for simple cryptocurrency transactions.
Ethereum is undergoing a series of upgrades known as Ethereum 2.0 or Serenity. These upgrades aim to improve the network's scalability, security, and sustainability, primarily through a transition from a Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS) mechanism.