Ethereum is a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (DApps). Launched in 2015, it introduced a programmable blockchain that extends beyond simple transactions.
Ethereum uses its native cryptocurrency, Ether (ETH), to fuel network operations, including executing smart contracts and paying gas fees for transactions.
The platform has fostered a vibrant ecosystem, driving innovation in decentralized finance (DeFi), non-fungible tokens (NFTs), and other sectors that continue to reshape the digital economy.
Synonyms:
ETH