Disclaimer: The information in this blog post is for educational purposes only and is not financial advice. Cryptocurrency markets are highly volatile and risky. Please conduct your research and consult a qualified financial advisor before making any investment decisions. The author and platform are not liable for any financial losses incurred.
Ethereum is a platform and programming language for building decentralized applications.
While the Ethereum platform can be used to build both public and private blockchain-based applications, it is most associated with its own public blockchain, which has become popular since its launch in 2015.
There are north of 1,000 unique applications running on the Ethereum network today, including two of the most renowned ones with the largest Market Capitalization: Bitcoin (BTC) and Ether (ETH).
The Ethereum network was built around the concept of "smart contracts", which are computer programs that execute automatically when certain conditions are met. This makes Ethereum ideal for enabling automatic peer-to-peer transactions without intermediaries like banks or payment processors.
Ethereum is a platform that allows applications to be built using smart contracts.
