Ethereum is a decentralized, open-source blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Introduced in 2015 by Vitalik Buterin and others, Ethereum extends beyond simple cryptocurrency transactions, allowing for programmable agreements and automated processes without the need for intermediaries. The platform utilizes its native cryptocurrency called Ether (ETH) to facilitate transactions and as a means of exchange within its ecosystem. Ethereum’s architecture supports a variety of applications ranging from finance to gaming, and it employs a consensus mechanism to secure the network and validate transactions. Additionally, Ethereum has undergone significant upgrades, including the transition to Ethereum 2.0, aimed at improving scalability, security, and energy efficiency. Overall, Ethereum plays a crucial role in the expansion of blockchain technology and the broader adoption of decentralized systems.
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