WTF is Ethereum ???
Ethereum is a decentralized blockchain platform that enables the creation and execution of smart contracts, as well as the development of decentralized applications (DApps). Created by Vitalik Buterin in 2015, Ethereum aims to go beyond the basic functionality of Bitcoin by providing a programmable blockchain infrastructure.
At its core, Ethereum operates on a global network of computers, each running its own copy of the Ethereum blockchain. This decentralized nature ensures transparency, immutability, and security of transactions and applications built on the platform.
The native cryptocurrency of Ethereum is called Ether (ETH), which serves as a means of value transfer within the network. ETH can also be used to pay for computational services and incentivize participants in the Ethereum ecosystem.
Ethereum’s most notable feature is its support for smart contracts. Smart contracts are self-executing agreements with predefined conditions and rules, automatically enforcing their terms once those conditions are met. This feature enables developers to create and deploy decentralized applications on the Ethereum network, offering a wide range of potential use cases in areas such as finance, supply chain management, decentralized finance (DeFi), gaming, and more.
Overall, Ethereum has played a pivotal role in fueling the growth of blockchain technology, allowing developers to build decentralized applications and revolutionize various industries by enabling trust, security, and automation through smart contracts.
