Ethereum is a blockchain smart contract platform that enables developers to build and release the next generation of distributed applications.
Ethereum allows you to program, decentralize, secure, and trade anything: voting, domain names, financial exchanges, crowdfunding, company management, contracts and most protocols, intellectual property, and smart assets that benefit from hardware integration.
Ethereum will use a hybrid security protocol that previously used a proof-of-work (POW) mechanism for distributing Ether coins,switching to a proof-of-stake (POS) mechanism at block height
15537394 on September 15, 2022.
Every year since launch, 0.26x, or 60102216 * 0.26 = 15626576 ether coins will be mined by miners. After the transformation into PoS, the Staker gets the revenue, and
Beacon is responsible for validation.