🔸 Did you know that Ethereum was the first to implement the idea of smart contracts?

Before the launch of Ethereum in 2015, blockchain was primarily associated with Bitcoin and the transfer of value from point A to point B. It was a kind of “digital ledger”: decentralized and secure, but limited in functionality.

Ethereum offered something much greater: the ability to execute programs within the blockchain that automatically fulfill predefined conditions. These programs were named smart contracts.

📎 Why was it a revolution?

⏩ Smart contracts do not require intermediaries: they execute automatically when conditions are met.

⏩ They paved the way for the creation of decentralized applications (dApps) that operate without centralized control.

⏩ Entire sectors emerged on this basis: DeFi, NFTs, DAOs, in addition to hundreds of services in the Web3 ecosystem.

🔸 Nowadays, smart contracts are used for everything: from financial applications and loans to gaming projects and decentralized governance of communities.

💡 In essence, Ethereum transformed blockchain from a simple accounting system into a global computing platform, changing the very nature of the industry and ushering in a new digital era.

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