Unlocking the Potential of Decentralized Finance with Ethereum
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It was first proposed in 2013 by Vitalik Buterin, a programmer and researcher in the field of cryptography and blockchain technology. The Ethereum network is powered by the cryptocurrency Ether (ETH), which is used to pay for the computational power required to execute smart contracts and dApps. The Ethereum network uses a consensus algorithm called Proof-of-Work (PoW), which involves miners solving complex mathematical problems to validate transactions and create new blocks on the blockchain. One of the key differences between Ethereum and Bitcoin, the first decentralized cryptocurrency, is that Ethereum is a programmable blockchain. This means that developers can use its underlying technology to build a wide range of applications, from simple financial transactions to complex decentralized systems. Smart contracts are self-executing co...