Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, fraud, or third-party interference.
What is Ethereum?
Ethereum is a blockchain platform that enables developers to build decentralized applications (DApps) and smart contracts. It was created by Vitalik Buterin in 2013 and launched in 2015.
Key Features of Ethereum
- Smart Contracts: Self-executing contracts with the terms of the agreement directly written into lines of code.
- Decentralization: The network is decentralized, meaning no single entity has control over it.
- Tokenization: Ethereum has its own cryptocurrency called Ether (ETH).
- Gas: A unit of measure used to quantify the amount of computational effort required to execute a transaction on the Ethereum network.
Getting Started with Ethereum
If you're new to Ethereum, here are some steps to get you started:
- Install a wallet to store your ETH.
- Learn about Ethereum addresses.
- Understand how to send and receive ETH.
Resources
Ethereum Logo
Conclusion
Ethereum is a powerful platform that has the potential to revolutionize the way we interact with the internet. By understanding the basics of Ethereum, you can better appreciate its potential and how it can be used to create innovative applications.