10 Oct, 2024

Read About Ethereum What is Ethereum Coins ?

Ethereum is a decentralized platform that runs smart contracts. These are programs that automatically execute when certain conditions are met. Ethereum's native cryptocurrency is called Ether (ETH).

Key features of Ethereum include:

  • Smart contracts: Ethereum allows developers to create and deploy smart contracts, which can automate various processes and agreements.
  • Decentralization: Like Bitcoin, Ethereum operates on a decentralized network.
  • DApps: Decentralized applications (DApps) can be built on top of Ethereum.
  • Scalability: Ethereum is constantly evolving to improve its scalability and performance.

Ether is used for:

  • Paying transaction fees: When interacting with the Ethereum network, you typically pay a transaction fee in Ether.
  • Fueling smart contracts: Smart contracts require Ether to execute.
  • Investing: Ether can be bought and sold as an investment.

Unlike Bitcoin, which primarily focuses on digital payments, Ethereum is a platform for building and running decentralized applications. This makes it a more versatile and potentially more valuable asset.

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