Ubiquitin-mediated proteolysis involves three enzymes (E1, E2, E3) that tag unwanted proteins with ubiquitin molecules. The tagged proteins are transported to the proteasome, where they are degraded into peptides. Avram Hershko, Aaron Ciechanover, and Irwin Rose received the 2004 Nobel Prize in Chemistry for discovering this pathway of targeted protein degradation in the late 1970s. The proteasome is a large complex with protease activity that breaks down the tagged proteins.