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Ethereum is an open-source blockchain platform based on smart contract technology, launched in 2015 by Vitalik Buterin and a team of developers. Ethereum is considered one of the most important cryptocurrencies after Bitcoin, known by its symbol ETH. What distinguishes Ethereum is its ability to execute smart contracts, which are programs that run automatically without the need for a third party, making it suitable for developing decentralized applications (dApps).
Ethereum is used in various fields, such as decentralized finance (DeFi), digital gaming, and NFTs. It has also undergone significant updates such as "The Merge" which transitioned the network from proof of work (PoW) to proof of stake (PoS), significantly reducing energy consumption. Ethereum is considered a foundational pillar in the blockchain world and continues to grow and evolve with the increasing global interest in decentralized technologies.
