Ethereum Fundamentals: What You Need to Know About ETH
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Ethereum is one of the most well-known cryptocurrencies and blockchain platforms in the world. While Bitcoin may have paved the way for cryptocurrencies, Ethereum introduced a new dimension to the blockchain technology with its smart contracts and decentralized applications. In this guide, we will break down the fundamentals of Ethereum and what you need to know about ETH, its native currency.
What is Ethereum?
At its core, Ethereum is a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Think of it as a global computer that anyone can access and use to create applications without the need for intermediaries.
What is ETH?
ETH, or Ether, is the native cryptocurrency of the Ethereum platform. It is used primarily for two purposes: as a digital currency for transactions and as a fuel (or
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