Ethereum
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Ethereum

Ethereum is a decentralized, open-source blockchain platform known for its native cryptocurrency, Ether (ETH). It's a popular choice for developers building dApps (decentralized applications) that run on a peer-to-peer network.

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Ethereum

What is Ethereum?

Ethereum goes beyond just being a cryptocurrency like Bitcoin. It's a programmable blockchain, allowing developers to create and deploy smart contracts. These self-executing contracts facilitate secure and transparent transactions without intermediaries. Here's what makes Ethereum stand out:

  • Smart Contract Functionality: Ethereum's core innovation lies in its smart contract functionality. These contracts automate agreements and processes, enabling a wide range of dApps to be built across various sectors like finance (DeFi), gaming (NFTs), and supply chain management.
  • Decentralized Network: Ethereum operates on a distributed ledger technology (blockchain) maintained by a global network of computers. This decentralization eliminates the need for central authorities and promotes transparency and security.
  • Vibrant Developer Ecosystem: Ethereum boasts a large and active developer community. This fosters innovation and contributes to the ongoing development of the platform and its functionalities.
  • Ether (ETH): Ether (ETH) is the native cryptocurrency of the Ethereum network. It fuels transactions and incentivizes users to participate in the network's maintenance (proof-of-stake mechanism). 
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