$ETH Ethereum is a decentralized, open-source platform that facilitates the creation of smart contracts and decentralized applications (DApps). It utilizes a blockchain technology to record transactions and execute application code securely. Ethereum's native cryptocurrency, Ether, is used for transactions and as an incentive for network participants.
Key features of Ethereum:
Decentralized Platform:
Ethereum operates on a peer-to-peer network, without a central authority.
Smart Contracts:
Ethereum enables the creation of self-executing digital contracts, which automate agreements and processes.
Decentralized Applications (DApps):
Ethereum allows developers to build applications that are not controlled by a single entity, offering greater transparency and control.