Ethereum's native cryptocurrency, Ether (ETH), debuted in August 2014, marking a significant milestone in the world of decentralized, open-source networks. More than just a token, Ether serves as a platform for numerous other cryptocurrencies.
In 2022, the Ethereum Dev Team announced several significant updates, including the transformational 'Shanghai.' This update is set to transition Ethereum into a proof-of-stake network, eliminating the need for miners and excessive energy consumption. Thanks to these and future updates, Ethereum is rapidly evolving into one of the most influential projects in crypto history.
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