• 🚀 What Is Ethereum?

    Ethereum is an open-source, blockchain platform that was created in 2015 by Vitalik Buterin and a group of other developers. Bitcoin is not designed as a smart contract platform, but Ethereum was created to be Turing-complete authoring standard smart contracts. It has had some logical quirks and gone through multiple refactorings, but it is maturing at last, and offers developers the ability to build contract applications that self-execute, never suffer downtime, and can’t be tampered with by third parties.

    Its proprietary cryptocurrency, Ether (ETH), has a variety of use-cases:

    Gas — fee for running a transaction

    Staking in Ethereum 2.0

    as a timeshare and medium of exchange inside the system

    🔗 Key Components of Ethereum

    Smart Contracts

    Smart contracts form the basis of Ethereum. These self-operating programs underpin trustless agreements and power DeFi protocols and NFTs.

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