Ethereum is a decentralized global software platform, similar to an operating system, that uses blockchain technology. It's primarily known for its native cryptocurrency, ether (ETH), and its ability to host smart contracts and decentralized applications (DApps). Essentially, Ethereum is a platform where developers can build and deploy programs that run on a distributed, secure network.

Here's a more detailed breakdown:

Blockchain:

Ethereum is built on blockchain technology, a distributed and immutable ledger.

Decentralized Platform:

It operates without a central authority, meaning no single entity controls the network or transactions.

Smart Contracts:

Ethereum allows developers to create self-executing agreements, or smart contracts, that automatically enforce terms and conditions.

Decentralized Applications (DApps):

Ethereum provides a platform for building and deploying applications that operate independently of traditional intermediaries, often referred to as DApps.

Ether (ETH):

ETH is the native cryptocurrency used on the Ethereum network to pay for transactions and incentivize network participants.

Ethereum Virtual Machine (EVM):

The EVM is a runtime environment that executes smart contracts on the Ethereum network, ensuring consistent execution across all nodes. $ETH