$ETH $ETH uses the Ethereum Virtual Machine (EVM) — a Turing-complete computational environment where all smart contracts run. This makes it flexible and powerful for developers.

Consensus Mechanism: Proof-of-Stake

In 2022, “The Merge” transitioned Ethereum from Proof-of-Work to Proof-of-Stake (PoS).

Benefits include:

• ~99% lower energy consumption

• greater security against attacks

• improved scalability pathways

• staking rewards for holders of ETH

Validators now secure the network by locking up ETH rather than using mining hardware.#ETFvsBTC #ETHETFsApproved #ETFvsBTC #Binance