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Ethereum Explained

Discover Ethereum, the platform that powers smart contracts, DeFi, NFTs, and the decentralized web.

What is Ethereum?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

While Bitcoin is often called "digital gold," Ethereum is more like "digital oil" - it powers the decentralized economy.

Smart Contracts

Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They automatically execute when predetermined conditions are met.

This eliminates the need for intermediaries and reduces the risk of fraud, making transactions more secure and efficient.

Ethereum Ecosystem

DeFi: Decentralized Finance applications
NFTs: Non-Fungible Tokens for digital ownership
DAOs: Decentralized Autonomous Organizations
DApps: Decentralized Applications
Layer 2: Scaling solutions like Polygon and Arbitrum