Ethereum is an open-source blockchain platform initiated by Vitalik Buterin and others in 2015. Unlike Bitcoin, Ethereum not only supports payments in the form of cryptocurrency, but also provides functions such as smart contracts, greatly expanding the application scenarios of blockchain. The native currency of Ethereum is called Ether, with the symbol ETH. The core innovation of Ethereum lies in its Turing complete smart contract system.
Through programming languages such as Solidity, developers can deploy self executing programmable contracts on the blockchain, which can automatically trigger transactions without intermediaries when preset conditions are met. This characteristic has given rise to revolutionary applications such as decentralized finance (DeFi) and non fungible tokens (NFT), evolving blockchain technology from a simple currency system to a distributed computing platform. The Ethereum Virtual Machine (EVM) serves as the execution environment, ensuring that contracts run in the same way on all nodes, while preventing network abuse through the Gas mechanism, with each operation consuming a corresponding amount of ETH as a transaction fee.
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