What is Ethereum Blockchain

The Ethereum blockchain is an open-source public blockchain platform with smart contract functionality, offering rich features and diverse application scenarios.

Core features, Smart Contracts: Ethereum's smart contracts are self-executing contracts where code is law; they automatically execute once predetermined conditions are met, providing the foundation for decentralized applications.

Decentralized Applications (DApps): Developers can build various decentralized applications based on Ethereum's smart contracts, covering multiple fields such as finance, social networking, and gaming.

Ether (ETH): Serving as the fuel for the Ethereum network, it is used to pay transaction fees and computational service fees, and it is also a valuable cryptocurrency.

Application scenarios, Decentralized Finance (DeFi): Achieving decentralized financial services through smart contracts, such as lending, trading, and insurance, improving the efficiency and transparency of financial services.

Decentralized Autonomous Organizations (DAO): A form of organization based on smart contracts, where members participate in decision-making through holding tokens, realizing decentralized management of the organization.

Digital Identity and Authentication: Utilizing the immutability of blockchain to provide users with decentralized digital identity authentication services, protecting user privacy.

Development Trends, Technology Upgrade: Ethereum is transitioning from Proof of Work (PoW) to Proof of Stake (PoS) to enhance the network's scalability and energy efficiency.

Ecosystem Expansion: With the launch of Layer 2 solutions, Ethereum's transaction throughput and fee issues have been alleviated, attracting more developers and users.#以太坊合约 #以太坊暴涨