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Ethereum is a decentralized system built on blockchain technology, which allows users to create and run smart contracts and decentralized applications (dApps) without the need for a trusted third party. It was first proposed in late 2013 by programmer Vitalik Buterin, and the mainnet was launched on July 30, 2015.

The story of Ethereum begins with a simple idea: What if we could use blockchain technology, then primarily used for Bitcoin, to build something bigger than just a cryptocurrency? Buterin saw the potential of using blockchain as the basis for a global computer system that could execute programs in a decentralized manner. This idea served as the basis for the creation of the Ethereum platform.

Ethereum provides so-called “smart contracts”, which are programs that run on the blockchain and can execute instructions automatically based on certain conditions. These contracts could change many industries by removing the need for intermediaries, such as contracts in real estate, finance, or even logistics.

Since its launch, Ethereum has become one of the most widely used blockchains in the world, and many decentralized applications have emerged, including decentralized finance (DeFi), gaming, and NFTs (non-fungible tokens). All of this has made Ethereum a major platform for innovation in the field of blockchain and cryptocurrencies.