The Birth and Original Intention of Ethereum

Ethereum is a decentralized blockchain platform with its native token being ETH. In 2013, young programmer Vitalik Buterin proposed the concept of Ethereum, aiming to address the limitations of the Bitcoin blockchain. Bitcoin is primarily used for peer-to-peer payments, while Ethereum allows developers to build decentralized applications (DApps) by introducing smart contracts. In July 2015, the Ethereum mainnet officially launched, marking a milestone in blockchain technology. The original intention of Ethereum was to create a 'world computer,' enabling anyone to run code and applications without trusting a third party. ETH serves as the fuel for the network, used to pay transaction fees and smart contract execution fees. The birth of Ethereum not only promoted the popularization of blockchain technology but also laid the foundation for the explosion of decentralized finance (DeFi) and non-fungible tokens (NFTs).