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Ethereum is more than just a digital currency; it is a system and network based on blockchain technology. Launched in 2015, it is considered the second-largest digital currency by market capitalization after Bitcoin. Ethereum is decentralized, meaning there is no central authority controlling it. It is characterized by its ability to execute smart contracts, which are programs that automatically execute when certain conditions are met. This makes it ideal for various applications such as decentralized finance (DeFi) and non-fungible tokens (NFTs).

The Ethereum network is working on developing solutions to improve scalability and reduce transaction fees through updates like "The Merge" and "Sharding." These updates aim to make the network more efficient and usable on a large scale.

The currency of Ethereum, known as "Ether" (ETH), is the basic unit for transactions on the network. It is used to pay transaction fees and power applications on the network. Despite price volatility, Ethereum remains one of the most influential and widely used digital currencies in the world.