What is the Ethereum currency?

Ethereum is a decentralized digital platform used to build and run smart contracts without interruption or control from a central authority. It was launched in 2015 by programmer Vitalik Buterin.

The native currency on the network is called Ether (ETH) and it is used to pay for the use of the network.

Key features of Ethereum:

Smart Contracts: Programs that execute automatically on the blockchain without intermediaries.

Decentralized Finance (DeFi): Ethereum can be used to create financial services without banks.

Non-Fungible Tokens (NFTs): Most of them are built on the Ethereum network.

Development Flexibility: Programmers can build decentralized applications (dApps) on the network.

The difference between Ethereum and Bitcoin:

Comparison Bitcoin Ethereum

Primary Goal A digital currency alternative to money A platform for building smart applications

Speed Slower Faster in transactions

Usage Value storage – Money transfer Smart contracts – Financial applications

Disadvantages:

Fees can sometimes be high during network congestion.

Significant price volatility.

Continuous updates may confuse new users.

Would you like me to explain how to buy or use Ethereum?