What is Ethereum (ETH) and how does it work?

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What is Ethereum (ETH) and how does it work?

Ethereum is a decentralized, open-source blockchain platform that was launched in 2015. Like Bitcoin, it uses cryptography to secure transactions and ensure the integrity of the network. However, Ethereum is more than just a digital currency - it is a platform for creating decentralized applications (Dapps) and smart contracts.
One of the key features of Ethereum is its ability to create and execute smart contracts. These are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. Smart contracts allow for automated transactions and can be used for a wide range of applications, from financial services to real estate transactions.


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