Ethereum is more than just a cryptocurrency like Bitcoin. It’s a whole platform that allows developers to create and run applications on a blockchain. This blockchain is a huge database where all records are stored in a chain of blocks and protected from tampering. On this platform, "smart contracts" operate — these are programs that automatically execute the terms written in them without needing intermediaries.
For example, you can create a smart contract that automatically transfers money to a seller when a buyer confirms receipt of a product. These contracts can be used in various fields: from finance and insurance to gaming and artificial intelligence.
Ethereum also has its own cryptocurrency called "ether" (ETH). This currency is used to pay for transaction fees on the platform and acts as the "fuel" for the entire system.
If Bitcoin is gold in the cryptocurrency world, then Ethereum is a digital factory where instead of assembly lines, smart contracts do the work!
For example, you can create a smart contract that automatically transfers money to a seller when a buyer confirms receipt of a product. These contracts can be used in various fields: from finance and insurance to gaming and artificial intelligence.
Ethereum also has its own cryptocurrency called "ether" (ETH). This currency is used to pay for transaction fees on the platform and acts as the "fuel" for the entire system.
If Bitcoin is gold in the cryptocurrency world, then Ethereum is a digital factory where instead of assembly lines, smart contracts do the work!
Year of launch:
2015
2015
Token Total Supply:
~120,270,000
~120,270,000