Ethereum is a decentralized, open-source blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Launched in 2015 by Vitalik Buterin and others, it allows for programmable transactions and has its own cryptocurrency called Ether (ETH)
Here are some key features of Ethereum:
1. Smart Contracts: Self-executing contracts with the terms directly written into code, enabling automatic execution without intermediaries.
2. Decentralized Applications (dApps): Applications that run on the Ethereum blockchain, leveraging its decentralized nature for security and reliability.
3. Ethereum Virtual Machine (EVM): A runtime environment for executing smart contracts, allowing developers to write code in various programming languages.
4. Proof of Stake (PoS): Ethereum transitioned from a Proof of Work (PoW) consensus mechanism to PoS with the Ethereum 2.0 upgrade, aimed at increasing security and scalability while reducing energy consumption.
5. Decentralized Finance (DeFi): A major use case for Ethereum, DeFi encompasses various financial services offered on the blockchain, such as lending, borrowing, and trading without traditional intermediaries.
If you have specific questions or topics related to Ethereum that you'd like to explore further, feel free to ask!
