What is Ethereum?

Introduction

Ethereum is one of the most prominent and well-known cryptocurrencies in the world after Bitcoin, but it is not just a cryptocurrency; it is a comprehensive platform that allows the creation of decentralized applications (dApps) and smart contracts, making it a revolution in the world of financial technology.

What is the difference between Ethereum and Bitcoin?

ComparisonBitcoinEthereumPrimary GoalAlternative digital currencyPlatform for creating decentralized applications and smart contractsYear Established20092015FoundersSatoshi NakamotoVitalik ButerinProgramming LanguageCustomSolidity

Advantages of Ethereum

Smart Contracts: Digital contracts that execute automatically when certain conditions are met.

Decentralization: Not controlled by a bank or government; operates through a distributed network of computers.

Application Support: Developers can build various applications (financial, games, NFTs, etc.) on the Ethereum network.

Support for Decentralized Finance (DeFi): Allows for financial transactions without the need for an intermediary.