$ETH Ethereum is an open-source blockchain platform that is distinguished by its ability to run "smart contracts". Unlike Bitcoin, which was primarily designed to be a digital currency, Ethereum is broader in scope and is considered a decentralized "world computer".

The core components of the Ethereum blockchain:

Blockchain:

It is a distributed digital ledger that is decentralized.

It consists of a series of blocks, with each block containing a set of transactions.

Each block is cryptographically linked to the previous block, making it secure and immutable.

A copy of the blockchain is stored on thousands of computers around the world (nodes), ensuring decentralization and security.

Ether (ETH):

It is the native digital currency of the Ethereum network.