Assets, Ethereum

What Is the Purpose of 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 used to build decentralized applications (dapps) on its platform. The most popular dapp built on Ethereum is CryptoKitties, a game that allows players to purchase, breed, and trade digital cats.

NOTE: WARNING: Ethereum is a complex technology and its purpose is not always clear. As such, it is important to understand the risks associated with investing in or using Ethereum. You should always research any technology before investing, as there are potential risks associated with any investment. Additionally, Ethereum can be a target for hackers and malicious actors, so it is important to take appropriate security measures when handling Ethereum-related transactions.

The native currency of the Ethereum blockchain is called ether. Ether can be used to pay for transaction fees and computational services on the Ethereum network.

The purpose of Ethereum is to provide a decentralized platform for developers to build dapps. Ethereum is also used as a cryptocurrency, with ether being the native currency of the Ethereum blockchain.

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