Ethereum (ETH) is a decentralized platform that runs smart contracts, which are applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. Ethereum was created in 2015 by Vitalik Buterin and has since become one of the largest cryptocurrencies by market capitalization.
In addition to its smart contract functionality, Ethereum also supports its own cryptocurrency, also called Ethereum, which is used to pay for transactions and computational services on the network. The Ethereum network also serves as a platform for decentralized applications and has been used to launch a large number of initial coin offerings (ICOs).
Like Bitcoin, Ethereum operates on a blockchain, but it has its own unique features and has been designed to be more flexible and adaptable than Bitcoin. This has led to its growing popularity as a platform for decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and other decentralized technologies.
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