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Ethereum

Beginner

Ethereum is a decentralised blockchain platform that enables developers to build and deploy smart contracts and decentralised applications (dApps). Launched in 2015 by Vitalik Buterin and others, Ethereum introduced programmability to blockchain technology, making it the foundation for DeFi, NFTs, and DAOs. Its native currency, Ether (ETH), is used to pay for transactions and computational services. Ethereum transitioned from Proof of Work to Proof of Stake in 2022, enhancing its energy efficiency. The Ethereum Virtual Machine (EVM) allows code to run exactly as programmed, making it highly flexible. It remains one of the most influential platforms in the crypto ecosystem.

Related Words

Exchange

An exchange is a platform where users can buy, sell, or trade cryptocurrencies. It can be centralised (e.g., Binance) or decentralised (e.g., Uniswap), each with different features and levels of control.

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