Ethereum is a global decentralized software platform based on blockchain technology. Developers can create and deploy decentralized applications (dApps) and smart contracts without the involvement of central authorities or intermediaries.
While many investors are familiar with Ethereum's native cryptocurrency, Ether (ETH), developers see #Ethereum as the foundation for a new internet that is more open, sustainable and fair.
The scalable, programmable, secure and decentralized Ethereum system is designed to enable everyone to create secure digital technologies. Its token, Ether, can be used to reward #blockchain participants and, if accepted, can also be used to pay for goods and services.
Ethereum is a blockchain-based platform known for its Ether (ETH) cryptocurrency and support for decentralized applications.
The #blockchain technology enables the creation and maintenance of secure and transparent digital ledgers.
While Ethereum and Bitcoin share some commonalities, they differ in their long-term vision and technical differences.
Ethereum uses a proof-of-stake mechanism to validate transactions, which is more energy efficient than proof-of-work.
It is the basis for many new technological advances in blockchain, such as DeFi, ''NFT-, and DAO.
The programmer and author Vitalik Buterin invented Ethereum and published it in 2014. He envisioned a platform where blockchain technology could be used not only for digital currency, but for all kinds of decentralized applications.
In 2015, Buterin launched Ethereum with several co-founders, including Joe Rubin, who later founded ConsenSys, a company that develops software for the Ethereum blockchain.
The founders realized that blockchain technology had the potential to revolutionize various industries by enabling the creation of decentralized applications that work without intermediaries.
The turning point in Ethereum's history was the 2016 hard fork of Ethereum (ETH) and Ethereum Classic (ETC).
attackers exploited a vulnerability in The DAO's code, allowing them to steal approximately $ 50 million worth of ether.
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