$ETH Ethereum (ETH) is much more than just a cryptocurrency; it is a decentralized open-source platform that has revolutionized the digital world. Imagine a giant global computer where anyone can build applications that work without the need for intermediaries like banks or companies. This is the vision of Ethereum.
Its technology enables the creation of "smart contracts," which are like self-executing agreements written in code. These contracts are automatically triggered when certain conditions are met, opening up a universe of possibilities for decentralized applications (dApps) in areas such as finance (DeFi), non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), and many more.
Although Ethereum is often referred to as a cryptocurrency, the technical term for its native currency is "Ether." This Ether is essential for paying the "gas fees," which are the computational costs necessary to execute transactions and contracts on the network.
Since its launch in 2015 by Vitalik Buterin and other co-founders, Ethereum has grown exponentially, becoming the second-largest cryptocurrency by market capitalization after Bitcoin. Its constant evolution and the active community of developers that support it ensure that it remains an innovative force in the blockchain technology space.
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