Ethereum Network and Ethereum's Functionality
The Ethereum network is an open-source decentralized platform based on blockchain technology, but it differs from Bitcoin in its main purpose and capabilities. Here’s the detailed explanation:
### 1. Main Objective:
- Bitcoin: Created as "electronic cash" (a decentralized payment system).
- Ethereum: Designed as a "decentralized global computer" allowing developers to build and run decentralized applications (dApps) and **smart contracts**.
### 1. Main Objective:
- Bitcoin: Created as "electronic cash" (a decentralized payment system).
- Ethereum: Designed as a "decentralized global computer" allowing developers to build and run decentralized applications (dApps) and **smart contracts**.
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