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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