What is Ethereum?
Ethereum is one of the most popular blockchain platforms that enable the creation of decentralized applications and smart contracts. It was introduced in 2014, and the platform was launched in 2015. Vitalik Buterin is acknowledged as one of the creators of Ethereum. Ethereum is an open-source and decentralized blockchain platform that enables anyone to build or use blockchain dApps.
The platform is not controlled or owned by anyone. It is a community-managed platform with its own cryptocurrency, Ether or ETH. The native token is used for trading purposes and payments, or developers can use it to run applications on the Ethereum network.
A significant event that occurred for Ethereum since its inception is the hard fork or split, which was executed in 2016 and resulted in the creation of Ethereum Classic as a new blockchain network. The new network operates parallel to the original Ethereum blockchain.