Ether (ETH)
Ether is the largest and oldest Bitcoin alternative, and its blockchain was the first to introduce smart contracts, code designed to run decentralized applications, or dApps. There are currently 2,970 dApps running on the Ethereum network, according to the website State of the dApps. The Ethereum network is home to dApps for gaming, gambling, socializing, decentralized finance, or DeFi, and nonfungible tokens, or NFTs. Ether, the native token of the Ethereum network, has significantly outperformed Bitcoin in the past three years. Ethereum's recent transition to proof-of-stake, or PoS, transaction verification has also made Ethereum a more environmentally friendly alternative to Bitcoin.
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