Ethereum, a decentralized blockchain platform, empowers developers to create and deploy applications and smart contracts. Launched as an open-source blockchain with smart contract capabilities, Ethereum is the second-largest cryptocurrency by market capitalization, its native cryptocurrency being Ether (ETH).
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Key Features
- Decentralization: Not owned or regulated by a central authority.
- Blockchain Network: A public database maintained by a network of computers (nodes).
- Smart Contracts: Enables developers to build and run various applications.
- Cryptocurrency: Ether (ETH) is the native cryptocurrency.
- Immutable Ledger: Blockchain technology stores data and transactions securely.
Blockchain Technology
Ethereum utilizes blockchain technology to maintain a decentralized payment network. Blockchain serves as an immutable ledger, ordering data and transactions in a secure, tamper-proof manner. Each block links to the next, forming an unbreakable chain.
Ethereum Classic
Ethereum Classic maintains Proof of Work (PoW), attracting investors with its diverse security model.
