Tell me about Ethereum – Ethereum is a blockchain launched in 2015 by Vitalik Buterin. While most blockchains are designed to process financial transactions, Ethereum aims to be a platform for creating smart contracts and D’decentralized applications (dApps).
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All about Ethereum in 5 minutes
Ethereum uses its own cryptocurrency, called “Ether” (ETH), to pay transaction and contract fees on the platform. This blockchain allows developers to create smart contracts (smart contracts) thanks to a variant of the programming language Solidity. These smart contracts can be used to automate complex processes, such as distributing funds according to a predefined schedule or managing an online voting system (governance).
Ethereum has been very successful since its launch and its cryptocurrency has become the second most popular cryptocurrency in the world, just behind Bitcoin. However, the platform has also experienced scalability issues and faced costly hacks, leading to debates within the crypto community on how to fix these issues.
The video “What is Ethereum (ETH)? Understand everything in 5 minutes » thus offers a quick introduction to the Ethereum blockchain and its key features. Let’s go !
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