Crypto Basics
Ethereum is a decentralized blockchain platform launched in 2015 by programmer Vitalik Buterin and a team of developers. Unlike many cryptocurrencies that are mainly used for payments, Ethereum was designed to support a wide range of applications built on blockchain technology.
The Ethereum network allows developers to create smart contracts, which are self-executing programs that automatically perform actions when certain conditions are met. These smart contracts power many decentralized services.
Ethereum is also the foundation for many innovations in the Crypto ecosystem, including DeFi platforms, NFTs, and decentralized applications (dApps).
The native cryptocurrency of the Ethereum network is called Ether (ETH), which is used to pay transaction fees and run applications on the network.
Today, Ethereum remains one of the most important projects in the Crypto market due to its large developer community and expanding use cases.
