What is Ethereum and How Does It Work?

Ethereum is a decentralized, open-source blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Unlike Bitcoin, which is primarily a digital currency, Ethereum was designed to be a platform for more complex use cases. Its native cryptocurrency, Ether (ETH), is used to power the network by paying for transactions and computational services. Ethereum introduced the concept of smart contracts — self-executing contracts with the terms directly written into code. This innovation opened the door to decentralized finance (DeFi), NFTs, DAOs, and more. Ethereum is constantly evolving and remains a leader in blockchain innovation.#Ethereum