Ethereum is a decentralized, open-source blockchain system that features smart contract functionality. It's a platform for building decentralized applications (DApps) using blockchain technology. Vitalik Buterin proposed Ethereum in late 2013, with development starting in early 2014 and officially launched on July 30, 2015. One of Ethereum's key features is its ability to execute smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. These contracts run on the Ethereum Virtual Machine (EVM), which allows developers to create a wide range of decentralized applications, including decentralized finance (DeFi) protocols, decentralized exchanges (DEXs), non-fungible token (NFT) marketplaces, and more. Ether (ETH) is the native cryptocurrency of the Ethereum network, used to pay for transaction fees and computational services. Ethereum's blockchain technology has garnered significant attention and adoption due to its flexibility and the wide range of applications it enables beyond simple peer-to-peer transactions.
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