Jan 10, 2024 3:07:14 PM

What is Ethereum?

Ethereum is an , -based platform that enables developers to build and deploy decentralized applications (dApps). It is also a decentralized computing platform that features smart contract functionality.

Ethereum Blockchain

  1. Smart Contracts: Ethereum allows for the creation of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code.
  2. Ethereum Virtual Machine (EVM): The EVM is the runtime environment for smart contracts in Ethereum. It provides a layer of abstraction between the executing code and the executing machine.
  3. Ether (ETH): Ether is the native of the Ethereum platform, used to compensate participants who perform computations and validate transactions.