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Ethereum
Ethereum is a decentralized blockchain platform that enables the creation of decentralized applications (dapps) and smart contracts. It was launched in 2015 by Vitalik Buterin, and since then, it has become one of the most popular blockchain platforms.
One of the main features of Ethereum is its ability to execute smart contracts. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. This means that once the pre-determined conditions of the contract are met, the contract is automatically executed without the need for intermediaries. This makes Ethereum a popular platform for developers and businesses alike, as it offers a secure and efficient way of handling transactions.
Ethereum also has its own cryptocurrency, called Ether (ETH). Ether is used as a means of payment for transactions on the Ethereum network, as well as for the execution of smart contracts. Unlike Bitcoin, which has a fixed supply of 21 million coins, there is no limit to the total number of Ether coins that can exist. However, the rate of new Ether creation is limited to a maximum of 18 million per year.
Another unique aspect of Ethereum is its ability to create and manage decentralized applications. These dapps can be built on top of the Ethereum network and use smart contracts to function. Decentralized applications…
