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Ethereum is a smart contract platform that allows developers to create decentralized tokens and applications (dapps). ETH is the native currency of the Ethereum platform and also functions as transaction costs for miners in the Ethereum network.
Ethereum is the pioneer of blockchain-based smart contracts. The smart contract is essentially a computer code that works exactly as scheduled without any possibility of downtime, censorship, fraud or interference from third parties. It can facilitate the exchange of money, content, goods, shares or any element of value. During blockchain execution, a smart contract becomes a standalone computer program that runs automatically when specific conditions are met.
Ethereum allows programmers to execute smart, term contracts capable of customization. Rather than giving a limited set of operations, Ethereum allows developers to have complete control over the customization of their smart contract, giving developers the power to create unique and innovative applications.
Andhereum, being the first smart contract platform based on the block chain, gained popularity, leading new competitors to fight for market share. / Competitors include: Ethereum Classic , which is the old Etherem chain
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