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Ethereum (ETH) is a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). It was proposed by Vitalik Buterin in late 2013 and development began in early 2014, with the network going live on July 30, 2015.
ETH is the native cryptocurrency of the Ethereum platform and is used to pay for transaction fees and computational services. It has become one of the most popular cryptocurrencies, second only to Bitcoin in terms of market capitalization.
One of the key features of Ethereum is the ability to create smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. These contracts run on the blockchain, ensuring that they are tamper-proof and operate as programmed.
Overall, Ethereum has had a significant impact on the blockchain and cryptocurrency space, driving innovation and enabling the development of a wide range of decentralized applications across various industries.