Know a little more about Ethereum $ETH :
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It was founded in 2014 by Vitalik Buterin and has since become one of the most widely used blockchain platforms.
Ethereum's defining feature is its support for smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. This enables the creation of decentralized applications (dApps) that run on the blockchain, without the need for intermediaries.
Ethereum is decentralized, meaning it's not controlled by any single entity. This enhances security and transparency.
📖 Use Cases
- Decentralized Finance (DeFi): Ethereum's smart contract platform has enabled the creation of decentralized finance (DeFi) applications, such as lending, borrowing, and yield farming.
- Gaming: Ethereum's platform has enabled the creation of decentralized gaming applications, such as prediction markets and virtual worlds.
- Supply Chain Management: Ethereum's platform has enabled the creation of decentralized supply chain management applications, such as tracking and verifying the origin of goods.
- Identity Verification: Ethereum's platform has enabled the creation of decentralized identity verification applications, such as secure and private identity management.