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#XSuperApp

Recording transactions and smart contracts: When a user performs a transaction or executes a smart contract on the Ethereum network, this data is recorded in a block.

* Consensus and validation: The majority of participants in the distributed network (miners or validators currently after the upgrade to proof of stake) must agree on the validity of the transaction.

* Adding the block to the chain: Once verified, the block is closed and linked to the previous block in the chain, forming a permanent and immutable record.

* Gas fees: To pay for the cost of processing transactions and executing smart contracts on the network, users pay fees called "gas" using Ether (ETH). This incentivizes validators to secure the network and process transactions.

Uses of Ethereum:

The uses of Ethereum go beyond being just a digital currency:

* Decentralized Finance (DeFi): Creating decentralized financial applications such as lending, borrowing, and exchange platforms without the need for traditional banks or financial institutions.