Feb 9, 2023

What is Ethereum?

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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It was founded in 2014 by Vitalik Buterin and has since become one of the largest and most widely used blockchain platforms in the world.

Ethereum is built on a blockchain that allows for the creation and execution of smart contracts, which are self-executing agreements with the terms of the agreement directly written into code. This enables developers to build decentralized applications, such as decentralized exchanges, digital wallets, and other financial applications, on top of the Ethereum network.

Ethereum also has its own cryptocurrency, Ether (ETH), which is used to pay for transactions and computational services on the network. Ethereum supports the development and deployment of decentralized applications and smart contracts through its Ethereum Virtual Machine (EVM), which provides a secure and efficient environment for executing code on the Ethereum network.

Overall, Ethereum is a powerful blockchain platform that enables the creation and deployment of decentralized applications, smart contracts, and other blockchain-based solutions.





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