bigenerguide

What Is Ethereum and Why Is It Important?

Ethereum is a blockchain platform that allows developers to build decentralized applications (dApps), not just send digital money. It was launched in 2015 and introduced smart contracts, which are programs that run automatically when conditions are met.

Unlike Bitcoin, which mainly focuses on payments and storing value, Ethereum enables use cases like DeFi, NFTs, gaming, and Web3 applications. These applications run without central control, increasing transparency and reducing reliance on intermediaries.

Ethereum uses ETH as its native cryptocurrency to pay transaction fees and secure the network. Its flexibility and large developer ecosystem make it one of the most widely used blockchains today.

Simply put: Ethereum is important because it powers much of the innovation happening in the crypto and Web3 space.
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