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Ethereum was created in 2015 by Vitalik Buterin, the Russian-Canadian programmer. The platform is based on the principle of decentralization, meaning it is not controlled by a single entity.
Ethereum allows users to build and deploy software, often in the form of decentralized applications, which are then run by the global distributed network of computers that run Ethereum. The network is decentralized, making it highly resistant to any form of censorship or disruption.
Additionally, Ethereum is an open-source blockchain platform that operates using its native currency, called Ether or ETH. All transaction fees on the network, or processing fees, are paid in ETH. ETH is specifically used by the Ethereum blockchain to pay transaction fees and is responsible for powering everything that happens on the network.