What is Ethereum? Everything You Need to Know About the World’s Leading Blockchain Platform
Introduction to Ethereum Ethereum is more than just a cryptocurrency; it’s a decentralized software platform that revolutionized the blockchain industry. Often compared to Bitcoin, Ethereum distinguishes itself by enabling developers to build and deploy decentralized applications (dApps) on its blockchain. But what exactly is Ethereum, and why is it so significant in the world of crypto? What Is Ethereum? Ethereum is an open-source blockchain platform founded by Vitalik Buterin in 2015. Unlike Bitcoin, which primarily functions as a digital currency, Ethereum focuses on decentralizing various online services. Its blockchain allows developers to create smart contracts, which are self-executing contracts with the terms directly written into code. These contracts automate and verify transactions, making processes like financial agreements, supply chains, and digital identities more efficient and transparent. The History of Ethereum Ethereum was first proposed in late 2013 by Buterin, a