Ethereum Cryptocurrency

Usman Sheikh

Ethereum is a decentralized platform for building decentralized applications (dapps) and smart contracts.

It was founded in 2014 by Vitalik Buterin, a programmer and cryptocurrency enthusiast.

Ethereum operates on its own blockchain, separate from the original blockchain that underlies Bitcoin.

The cryptocurrency used on the Ethereum network is called Ether (ETH).

Ether is used as fuel for the decentralized applications built on the Ethereum platform.

The Ether token serves as the currency for executing smart contracts on the Ethereum network.

Unlike Bitcoin, which is limited in its ability to execute smart contracts, Ethereum has been designed specifically for this purpose.

Ethereum is not just a cryptocurrency, but a complete platform for decentralized applications that can run on its own blockchain.

Ethereum enables developers to build and deploy decentralized applications without having to worry about infrastructure and security.

Decentralized applications built on Ethereum are secure, transparent, and tamper-proof, as they run on a blockchain.

Ethereum's popularity has made it one of the largest cryptocurrencies in terms of market capitalization.