Ethereum is a decentralized, blockchain-based platform that enables the creation and execution of so-called smart contracts. Launched in 2015 by Vitalik Buterin, Ethereum enables developers to build decentralized applications (DApps) on its platform, utilizing its cryptocurrency called Ether (ETH) as a means of value exchange.
Ethereum introduced the concept of smart contracts, which are self-executing agreements with predefined rules and conditions. These contracts eliminate the need for intermediaries and enable secure and transparent transactions.
Additionally, Ethereum allows users to tokenize assets through the use of its ERC-20 standard, facilitating the creation of new digital assets and the implementation of Initial Coin Offerings (ICOs). Ethereum has gained significant popularity and is considered one of the most widely adopted blockchain platforms.
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