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Ethereum

Definition

A blockchain platform that supports smart contracts and decentralized applications.

In Plain English

Ethereum is like an app platform where the apps run through shared blockchain rules.

Real-World Example

A DeFi app, NFT marketplace, or DAO may use Ethereum smart contracts.

Why It Matters for Your Work

Ethereum popularized programmable blockchain applications beyond simple asset transfers.

Common Mistake

Thinking Ethereum is only a currency. Ether is the asset; Ethereum is also a programmable network.

Related Terms

Smart Contract

Code on a blockchain that automatically executes rules or transactions.

Gas

A transaction fee paid to run operations on a blockchain.

DeFi

Decentralized finance: financial products built with blockchain-based protocols rather than traditional intermediaries.