Ethereum Soars to $2.2 Trillion Market Cap, Solidifying Position as Top Cryptocurrency Platform
• Ethereum is the second-largest cryptocurrency with a market capitalization of $2,218.25 billion as of December 13, 2023.
• It was developed in 2015 by Vitalik Buterin as a decentralized blockchain network to support smart contracts and decentralized apps.
• Key components are the Ethereum Virtual Machine, the blockchain, and the native cryptocurrency Ether.
• Ethereum enables digital asset creation and ownership, like NFTs, transforming the digital economy.
• Ethereum 2.0 updates like sharding and proof-of-stake aim to improve network security and sustainability.