Ethereum Blockchain

The Ethereum blockchain is a decentralized technological platform that enables the creation and execution of smart contracts. The primary asset on the Ethereum platform is the cryptocurrency Ether (ETH). Key features of the Ethereum blockchain include smart contracts, the ability to create tokens using the ERC-20 standard, a decentralized structure ensuring security and stability, and the concept of being a universal platform for decentralized applications (DApps) and smart contracts. Ethereum aims to provide flexibility and innovation in the development of blockchain applications, positioning itself as a leading player in the world of cryptocurrencies and decentralized technologies. At the core of Ethereum is a distributed network of nodes operating in unity, ensuring the absence of a single point of control and enhanced resilience. Smart contracts are code snippets that automatically execute when specific conditions are met. Together, these elements form the foundation for developing decentralized applications where data is stored in blocks, and their validation occurs across all nodes in the network. Launched in 2015 by Vitalik Buterin, Ethereum aimed to expand the functionality of blockchain beyond what was initially introduced by Bitcoin.