Assets, Ethereum

What Is Native Ethereum?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Ethereum is a public blockchain-based platform that enables the development of decentralized applications (DApps), smart contracts, and tokenization. It was launched in 2015 by Vitalik Buterin, Gavin Wood, and Joseph Lubin.

NOTE: Warning: Native Ethereum is an open source, public blockchain-based distributed computing platform. It is not a cryptocurrency and should not be used as such. Additionally, users should be aware that transactions on the Native Ethereum blockchain are irreversible, and any Ether (ETH) sent without confirmation or to the wrong address cannot be refunded. As with any other blockchain network, users should use caution when sending funds and should ensure that they are using a secure wallet.

The native cryptocurrency of the Ethereum network is called Ether (ETH). ETH is used as a gas to power transactions on the network and is also traded on cryptocurrency exchanges.

Ethereum has been described as a “world computer” because it allows developers to build decentralized applications that run on a global, peer-to-peer network of computers. The Ethereum Virtual Machine (EVM) is a sandboxed environment that runs smart contracts and enables them to be executed on the Ethereum network.

The native currency of the Ethereum network is called Ether (ETH).

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