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Ethereum
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=== ''What is Ethereum?'' === * · Ethereum is a globally distributed network of computers that is powered by '''blockchain''' technology and is known as a decentralized blockchain platform and open-source software, enabling developers to create and deploy smart contracts and decentralized applications (DApps). * · The Ethereum network acts as the foundation for communities, applications, organisations and digital assets that is accessible for creation and utilization by anyone. This decentralized network is part of the appeal of Ethereum and other cryptocurrencies. Users can exchange money without the need for a central intermediary such as a bank, and the lack of a central bank means the currency is nearly autonomous. * · Ethereum is renowned primarily for its native cryptocurrency, '''Ether (ETH)'''. Proposed by Vitalik Buterin in 2013 and launched in 2015, Ethereum expands upon the capabilities of blockchain technology beyond simple peer-to-peer transactions. It introduces the concept of smart contracts, which are self-executing agreements with terms directly written in code. These contracts run on the Ethereum Virtual Machine (EVM), ensuring secure and automated execution across the network. Ethereum's native cryptocurrency is called Ether (ETH), used for transaction fees and as a tradeable digital asset. With its flexibility and programmability, Ethereum has become a popular choice for a wide range of innovative blockchain projects and applications. * · Ethereum was designed as the "'''upgrade'''" of Bitcoin, aiming to accomplish functionalities that Bitcoin couldn't achieve. This decentralized network is part of the appeal of Ethereum and other cryptocurrencies. Users can exchange money without the need for a central intermediary such as a bank, and the lack of a central bank means the currency is nearly autonomous. Ethereum also allows users to make transactions nearly anonymously, even if the transaction is publicly available on the blockchain. Some popular applications built on the Ethereum blockchain are listed below: {| class="wikitable" |+<ref>https://www.makeuseof.com/best-dapps-ethereum-eth/</ref> !Application name !Application description |- |'''OpenSea''' |'''Largest''' NFT marketplace |- |'''Uniswap''' |Cryptocurrencies swapping platform |- |'''MetaMask''' |'''Most widely used''' crypto wallet |- |'''MakerDAO''' |Cryptocurrencies lending platform |}
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