"What is Ethereum? Understand in Simple Terms"
đ§ What is Ethereum?
Ethereum (ETH) is an open-source blockchain platform, which is not just a digital coin â itâs a whole system where you can create apps, contracts, and even NFTs.
đĻ What is the difference between Ethereum and Bitcoin?
TopicBitcoinEthereumPurposeDigital CurrencyDigital PlatformCoin NameBTCETHContract/Smart ContractNoYesUsageTransferApps, NFT, DeFi
âī¸ What can you do with Ethereum?
â Create Smart Contracts
â Buy or Sell NFTs
â Use Decentralized Apps
â Provide Loans or Liquidity in DeFi
đĄ Ethereum 2.0
In the new version, Ethereum is now faster and more energy-efficient (Proof of Stake).
đ§Š Why should you know?
Ethereum is the foundation of Web3, NFTs, and DeFi. Although its price fluctuates, it is very important for the future.
đ English Summary
Ethereum is not just a cryptocurrency â itâs a decentralized platform powering smart contracts, NFTs, and Web3 apps. ETH is the fuel of this entire ecosystem.
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